Spinnaker Bay Home Sales Market Update - Luxury Waterfront Homes and Townhouses - Long Beach Real Estate

Spinnaker Bay Home Sales

Market Report 2007 and 2008

Spinnaker Bay - Long Beach California

Luxury Waterfront Homes and Townhouse Sales

1 Spinnaker Cove Luxury Townhouses For Sale

1. Waterfront Townhouse on widest section with Upgrades, 40′ Boat Slip, 1,748 sq ft, HOA $575 + $106

4 Spinnaker Bay Luxury Homes For Sale

1. Beautiful Newly Upgraded, 27′ Boat Slip, 2,032 sq ft, HOA $140+ $130
2. Highly desirable immaculate home on greenbelt with spa, 2,323 sq ft, HOA $140
3. Waterfront home with 24′ Boat Slip, 2,307 sq ft, HOA $145 + $135
4. Coveted corner luxury home with 33′ Boat Slip, 2,323 sq ft, HOA $145 + $135
   

12 Spinnaker Bay Homes have Sold - Closed escrow in 2008.

• Average Sale Price: $1,314,358
  
• Average Days on Market: 170
  

Spinnaker Bay Luxury Homes and Townhouses - Sales 2008

Spinnaker Bay Luxury Homes and Townhouses - Sales 2007

6 Spinnaker Bay Luxury Homes and 4 Townhouses - Sold - Closed Escrow - in 2007

• A - For Sale
• P - Pending in Escrow
• B - In Escrow, accepting Back-up offers
• S - Sold - Closed Escrow
• DOM - Days on Market
• TGNO - Thomas Guide Map Number

Call Laurie today for your appointment to view beautiful Spinnaker Bay Luxury Dream Homes and Townhouses

(562) 212-5420

• About Long Beach California
• Long Beach California Beach Communities - Area Information
• Belmont Shore and Naples Island California
  
• Romantic Gondola Cruise - Naples Canals

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Posted on January 5, 2009 by Laurie Manny

525 Seaside Way-Harbor Place Tower Condos-Downtown Long Beach Luxury High Rise Condominiums

Harbor Place Tower Condominiums

525 Seaside Way

Downtown Long Beach Luxury High Rise Condos

Long Beach California 90802

Located at the corner of Ocean Boulevard and Linden, living at the Harbor Place Tower Luxury high rise condos places you directly in the heart of Downtown Long Beach. Find fine dining, interesting shops, the Performing Arts Center, the Promenade, Pine Avenue, Shoreline Village and the marina all within steps of your front door.

The Harbor Place Tower Condos, completed September 1992, has 22 floors (no 13th floor), 220 residential units, one commercial space plus offices, 3 levels of parking and was designed to provide many different views. Enjoy sweeping shoreline and waterfront views south to Newport Beach, the Long Beach Marina, Long Beach Harbor and the Port of Long Beach, as well as views including the Cruise Ships entering and exiting the Harbor, the Queen Mary and fantastic city lights views. Ocean view units enjoy ringside seats of Shoreline Drive, which is converted every April into the Long Beach Grand Prix Racetrack. Ocean view condos also have prime seats for the Downtown Long Beach Fireworks Display on July 4th. Enjoy the races and fireworks from the comfort of your living room or patio without dealing with the crowds. Grand Prix track map can be viewed here.

Resort style amenities and sweeping waterfront and city views……………….does it get any better than this?

• Pool
• Spa
• Gym
• Sauna
• Concierge
• 24 hour security
• Emergency helipad on rooftop
• 22 stories
• 220 residential units
• 1 commercial space plus offices
• 3 Parking Levels

Main Entrance is on Seaside Way

Ocean Boulevard Entrance is reserved for residents only

Search all available Condos For Sale at Harbor Place Towers

Call today for an appointment to view available condos at Harbor Place

(562) 212-5420

2008 Harbor Place Tower Sales

Status:

• B=In escrow accepting back up offers
• P=Pending in escrow
• S=Closed Sales

DOM = Days on Market, provided where available.

• Downtown Long Beach Market Update
• Long Beach California Luxury Home Market Update
• Other Long Beach Market Reports and Updates

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Posted on December 24, 2008 by Laurie Manny

Long Beach Real Estate Sales-Homes and Condos YTD 2008

Long Beach Real Estate News

Long Beach Homes and Condos Sales and Market Update 2008

December 5, 2008

Daily the media pounds Americans with numbers, statistics and real estate market information which is general across the nation. None of these numbers are relevant to any local real estate market, they are estimates from test markets in various places and are combined numbers which we are to believe are true in all real estate markets. These numbers do not translate down to the local real estate market level and are not necessarily indicative of the Long Beach Real Estate Market.

Sales trends can change not just from state to state and city to city, but there can be vast differences in market trends at the neighborhood level in any given city. Cities are made up of many neighborhoods, some affluent, some average, some lower income. While certain neighborhoods may be plagued by foreclosures and short sales, which are continuing to drag prices down, not all neighborhoods are suffering from this malady. Some Long Beach neighborhoods, for instance, do not have many foreclosures or short sales and prices, after initial drops, have remained fairly stable since the beginning of the summer.

Long Beach Homes and Long Beach Condo Sales have steadily increased this year through October, as is reflected on the graph below. While November sales have dropped sharply, this is normal in our market and is not cause for alarm. November and December traditionally reflect reduced sales, the holidays always slow sales down. People just don’t have the time during the holiday season to shop for real estate and don’t want to list their homes during the holiday season either. This is a time for family and preparation for the upcoming holidays. This increase in sales is reflected statewide as reported by DQ News in their October Sales Report.

Little new inventory has entered the market for the last 6 weeks or so, and won’t until the beginning of the new year. After the holidays there will be a rash of new inventory for buyers to choose from. Even the banks have slowed placing new bank owned homes and condos listings onto the real estate market, holding back, presumably to take the loss in the new year.

January usually brings a surge of buyers onto the market, fueled by today’s lower prices, the new inventory interests them. If you are thinking about putting your Long Beach Home or your Long Beach Condo on the market soon, this is the time to do so. New inventory, priced to sell immediately, is welcome by buyers who have been looking for months and have not been intrigued by the current inventory of homes and condos available. Today’s buyers are not willing to overpay, if your home or condo is priced right, straight out of the gate, this could be your opportunity to sell rather quickly.

Long Beach Real Estate - Closed Sales

January - November - 2008

* Lofts include Loft Live and Work spaces

Contact Laurie to begin the Search for Your Long Beach Home or for Your Long Beach Homes Value

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Posted on December 6, 2008 by Laurie Manny

Lakewood Plaza Rancho Neighborhood Market Report-2008-Long Beach Real Estate

Lakewood Plaza Market Report

2008 Long Beach Real Estate Sales

January 1, 2008 - October 23, 2008

What’s going on in the Lakewood Plaza/Rancho Real Estate Market?

There are 31 Lakewood Plaza Rancho homes for sale on the real estate market at an average price of $517,762 while the average price for closed sales in the area is $501,568. This is a very negotiable gap.  Homes are selling in the area with an average of 60 days on market.  This is not bad for todays market.  Sellers in this Long Beach neighborhood are pricing homes to sell at today’s market price point, buyers are recognizing this and are purchasing in the Lakewood Plaza Rancho communities.

The Lakewood Plaza Rancho neighborhood is known for its exceptional elementary school and its quiet tree lined residential streets making it quite attractive to buyers.

While the real estate market certainly still has its challenges and more are certain to follow, the Lakewood Plaza/Rancho area has fared quite well.  It remains an excellent place to purchase a house and to call home.

This is a great time to be on the market priced to sell.

There are currently 31 homes for sale in the Lakewood Plaza/Rancho neighborhood of Long Beach.

• Average Price: $517,762 down considerably from our update of 6/20/2008; $606,919
• Average Days on Market:  121 down a bit from June’s 137

There are 8 homes in Lakewood Plaza Rancho pending in escrow, down from 21 in June.

• Average Price: $506,825 up a bit since June’s $488,192
• Average Days on Market: 115 up considerable since June’s 71

There are 10 homes in Lakewood Plaza Rancho in escrow, accepting back-up offers, up a bit from June’s 6.

• Average Price: $466,935 down a bit from June’s $472,649
• Average Days on Market: 47 up slightly since June’s 44

100 homes in Lakewood Plaza Rancho have sold (closed escrow) in 2008, up from June’s 70.

• Average Price: $501,568 down a bit since our last report of 6/20/08 when it was at $528,545
• Average Days on Market: 60 down a bit since June 70

There is currently 1 home in Lakewood Plaza Rancho on Hold (do not show).

• Price: $425,000
• Days on Market:  8
  

34 Lakewood Plaza Rancho homeowners cancelled their listing, up from 22 in June.

• Average Price: $544,888 down a bit since June’s $563,336
• Average Days on Market: 107 up slightly since June’s 104

44 Lakewood Plaza Rancho home listings expired in 2008, up from 34 in June

• Average Price: $599,377 down a bit from June’s $606,919
• Average Days on Market: 146 up a bit from June’s 137

View Lakewood Plaza Rancho Homes For Sale in Long Beach California

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Posted on October 23, 2008 by Laurie Manny

Long Beach California Luxury Home Market Update

Long Beach California is home to the West Coasts most affordable beach real estate.  Set in sunny Southern California we enjoy moderate temperatures year round, sweet ocean breezes and a resort atmosphere.  With our purchase prices so reasonable is it any wonder snowbirds are flocking here?  Palm Desert, 2 hours inland, is fantastic, but nothing compares to luxury oceanfront property and the beach is just more fun!

Long Beach has an endless array of entertainment to suit any lifestyle or age from water-sports to nightlife, theater and fine dining.  This is the perfect place to do everything, do nothing or to just go fly a kite!

Yes we have golf courses!  Long Beach is centrally located making access to all Southern California golf courses just a short drive.

Long Beach is conveniently located just 20 minutes south of Los Angeles International Airport (LAX), 20 minutes north of John Wayne Airport (SNA) in Irvine, and home to our own Long Beach Airport - which we love.  We are also just a 20 minute drive into Downtown Los Angeles - in case you were thinking about catching a Lakers game; attending a concert at the fabulous Staples Center or a performance at our beautiful Music Center.  Fantabulous and incomparable, 8 time Grammy award winner, Tina Turner
is performing at the Staples Center as I write this, had I known that ahead of time I would be there tonight singing along……..What’s love got to do with it? La la la… Gotta love that woman!

Did I say we were centrally located?  A 2 hour drive north will find you in beautiful Santa Barbara.  Head north just a little further and enjoy a day, or a romantic weekend, in wine country.  A leisurely drive south will take you into lovely San Diego.  Catch a Padres game or spend a day at the San Diego Zoo or perhaps SeaWorld with the family then head into the Downtown San Diego gaslight district for a delicious dinner and some relaxing down time.

Surfer? 10 minutes to surf city - Huntington Beach, where you will catch some of the finest waves on the west coast.

Long Beach is slated to become the new home of the largest movie studio in California.  A deal has been struck to take over the Boeing facility near the Long Beach airport. This will infuse new life into Long Beach and will certainly attract celebrities to our lovely waterfront homes and high rise condominiums.  How could they resist?  You never know who your new neighbor may be!

Did you know that Hollywood got its start in Long Beach?  Long Beach was known as the motion picture capital of the world until post World War I when Hollywood developed around the glitz of the era.  With its perfect Southern California climate, Long Beach afforded the perfect setting for the industry.  There were eight film houses, two stock companies,  roller-coasters and bath houses at the historic Pike, along the shore of Downtown Long Beach.  This was the home of the Balboa Amusement Production Company, the  world’s most prolific silent-film studio.  W. C. Fields and other stars lived in beautiful mansions in the Bluff Park neighborhood along Ocean Boulevard and First Street, many of which remain in the families to this day.

Speaking of historic districts, Long Beach has 17 of them, California Heights being the largest.  We love our historic homes here.  You can find out more about the history of Long Beach here as well.

Redevelopment in Alamitos Beach and the bustling Downtown Long Beach communities has birthed fabulous luxury high rise condominiums with endless ocean views, Manhattan style lofts and many fabulous new dining opportunities.

The luxury home market is generally a cash market.  Brian Brady’s 2009 Real Estate Market outlook predicts that disappearing jobs and financing will likely drive the price of luxury properties down in our waterfront and higher end communities.  While that is tragic for the owners of these Long Beach properties it is an incredible opportunity to purchase the Long Beach home, condo or vacation property you, the buyer has been waiting for.

The Long Beach real estate market has gone through several tumultuous years, this winter is certain to be a difficult time for sellers of Long Beach luxury homes, condos and income properties.  FHA loan limits, currently capping at $729,750 for single family home purchases are slated to be decreased to around $625,000 on January 1, 2009.  Decreasing buyer purchasing power is certain to affect prices in the mid-market range of $700,000 to about $1,000,000.

What does this mean for sellers?  If you are planning on selling, you should plan on closing your escrow before the end of the year and should price it to do so. It would be our pleasure to provide a home value assessment.

What does this mean for buyers?  This is an incredible opportunity to purchase your new home at an incredible price.

International buyers are flocking to the United States to purchase real estate at our current depressed prices, there is limited financing for foreign nationals, most are purchasing with all cash.  Long Beach prices have become very attractive to these buyers. You can start your search for Long Beach homes here.  VIP service is provided with the ability to set up custom searches with an automatic email alert system.

If you are interested in purchasing a Long Beach luxury oceanfront home or a high rise luxury waterfront condominium, this winter is the time to make that purchase. It would be our pleasure to assist you.

Long Beach California City and Relocation Resource Guide

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Posted on October 17, 2008 by Laurie Manny