Well as you know we always try and bring the latest information to light. A great article in the Long Beach Business journal appeared in the Real Estate section by Thyda Duong. The article is entitled "The Worst is Over" As Housing Market Begins to Stabilize.
So how are things in Long Beach, CA. Well I can tell you that our average price in December was $514,000 for a single family home. That is up 5% from 2006! Those who don't think 5% isn't a great return please not that the 5% was on rouhgly $500,000 which means the average Long Beach, CA homeowner made $25,000 in appreciation. I am not sure about everyone else but I know these two bloggers think that $25,000 is quite a bit of money!
That also means that at $514,000 we are still below the Los Angeles County Average of $525,000. We believe that this puts Long Beach in a nice position to continue to rise or at the very least maintain value. It is still the most centrally located city for those commuters who have a family where one goes to Orange County and the other to Downtown Los Angeles.
In all the outlook for 2007 looks to maintain at where we were for 2006. The interest rates are still extremely low considering history and there are still quite a few things for buyers to buy.
So how are things in Long Beach, CA. Well I can tell you that our average price in December was $514,000 for a single family home. That is up 5% from 2006! Those who don't think 5% isn't a great return please not that the 5% was on rouhgly $500,000 which means the average Long Beach, CA homeowner made $25,000 in appreciation. I am not sure about everyone else but I know these two bloggers think that $25,000 is quite a bit of money!
That also means that at $514,000 we are still below the Los Angeles County Average of $525,000. We believe that this puts Long Beach in a nice position to continue to rise or at the very least maintain value. It is still the most centrally located city for those commuters who have a family where one goes to Orange County and the other to Downtown Los Angeles.
In all the outlook for 2007 looks to maintain at where we were for 2006. The interest rates are still extremely low considering history and there are still quite a few things for buyers to buy.
Let us know what you think!
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