Long Beach CA Real Estate Market – Belmont Heights and Alamitos Heights November 2011
The Belmont Heights/ Alamitos Heights area of Long Beach offers some unique amenities of oceanside living. The proximity to the beach adds to the attraction as does the easy access to the delightful 2nd street restaurant area. Homes available range from the moderate to the mansions. While condominiums range from the studio to the luxurious.
The Belmont Heights/Alamitos Heights Single Family Market
Search for Homes in Belmont Heights and Alamitos Heights
The number of homes on the market in Belmont Heights and Alamitos Heights Long Beach CA continued to decrease at steady slow pace.. The number of sold homes is essentially however increased by almost 80%. Thiis is a trend to watch. Selling prices were stablee. In all relevant measures the real estate market in Belmont Heights and Alamitos heights has beeen stabe for three months. A 2 month inventory is consistent with a market shows a market leaning towards sellers. If a consistency is noted this will be a major factor.. The pattenr of continues in Belmont Heights and Alamitos heights for single family homes where we have gone from a buyers market to balanced one and now are seeing signs of a sellers market..
SINGLE FAMILY REAL ESTATE MARKET OF BELMONT HEIGHTS/ALAMITOS HEIGHTS LONG BEACH
|
LISTINGS
|
October2011
|
November 2011
|
December 2011
|
| Number of Homes on The Market |
37
|
34
|
31
|
| Average Listing Price |
$974,000
|
$957,000
|
$1,023,000
|
| Listing Price Range |
$329,000 – $4.940,000
|
$324,000 – $4.940,000
|
$299,000 – $4.950,000
|
|
SOLD PROPERTIES
|
|||
| Number of homes sold |
10
|
9
|
17
|
| Average Selling Price |
677,000
|
630,000
|
$702,000
|
| SP/LP |
92%
|
100%
|
92%
|
| Selling Price Range |
$428,000-$930,000
|
$439,000-$785,000
|
$192,000 – $1,350,000
|
| Days on Market of Sold Homes |
98
|
70
|
79
|
| Months of Inventory |
3.7
|
3.75
|
2 Months
|
The Condominium Real Estate Market of Long Beach
The condominium real estate market of Belmont Heights area of Long Beach, again, shows a decrease the number of homes on the market The inventory remains too is reduced to 4 months. Many sales were in the lower end of the market. At 85% selling price to listing price there was significant room for negotiation.. Most homes were on the market for three months. The inventory of 4 months suggests a market that is moving from a buyers market to a more balanced one. Buyers would be adviced to buy now.
The Condominium Real Estate Market of Belmont Heights and Alamitors HeightsLong Beach
Search For Belmont Heights And Alamitos Heights Condos
| LISTINGS |
October 2011
|
November 2011
|
December 2011
|
| Number of Condos on The Market |
49
|
41
|
31
|
| Average Listing Price |
$273,000
|
$270,000
|
$292,000
|
| Listing Price Range |
$115,000 – $511,000
|
$70,000 – $600,000
|
$87,000 – $1,200,000
|
| SOLD PROPERTIES | |||
| Number of Homes Sold |
9 |
8 |
8 |
| Average Selling Price |
$329,000
|
$300,000
|
$246,000 |
| Selling Price RaAnge |
$160,000-$682,000
|
$157,000-$510,000
|
$116,000 – $531,000 |
| SP/LP |
92%
|
95%
|
85% |
| Days on Market of Sold Homes |
96
|
122
|
118 |
| Inventory |
5 Months
|
5Months
|
4 Months |
In conclusion the real estate market Belmont Heights/Alamitos Heights areas of Long Beach shows significant activity with a very strong increase in sales. The days on the market of sold properties is very very low. The buyers market may be coming to an end.
Search For Belmont Heights / Alamitos Heights Homes
Search For Belmont Heights / Alamitos Heights Condos
Long Beach Real Estate Experts
List! Buy! Save! is not your ordinary Long Beach real estate Brokerage. Unlike most real estate companies that force you to do things one way or their way, we believe you should have choices to pick and choose what best fits your individual needs.
We are always looking for new ways to make and Long Beach real estate more efficient AND less costly for our clients, without sacrificing quality or service. If you’re looking to buy a home in Long Beach or sell your existing Long Beach property, we will be happy to take care of your real estate needs. Our mission is to provide outstanding customer service while utilizing the best practices and systems available.
For more information about List! Buy! Save! real estate services and how we can best serve you, please fill out the online contact form or give us call today! Maya Swamy, Ph.D The No Excuses Agent List! Buy! Save! DRE Lic 01523840
323.230.9775 maya@listbuysave.com
Search For Belmont Heights / Alamitos Heights Homes
Search For Belmont Heights / Alamitos Heights Condos
Map of Belmonth Heights and Alamitos Heights Long Beach CA
>
