Thursday, May 03, 2007

How many condos are available in Long Beach, CA?

You know when you have a property and you are either getting ready to sell your condo or you just want to know the value of your property it always helps to know the competition. In fact we believe nothing helps like know how many people are competing with the type of property that you own. Today we thought we would let everyone know a little bit about how many long beach condos are available for sale and in particular how many condos are available in the downtown area of Long Beach.

Downtown Long Beach currently has 48% of the condos that are available in Long Beach. So what does this mean and 48% means what and how does it affect me? All of these are important questions so here we go!

  1. There are currently 579 condos available in the city of Long Beach. This number was taken from the MLS as of 05/03/2007 and represents all properties that are currently in an Active status which means they are looking for offers on their condos.
  2. 268 of these condos are available in the downtown area of Long Beach. This is a large number of condos and in downtown this represents 10 months of inventory.
  3. What does this mean to me? What this means is if you are in downtown and you would like to sell study your competition carefully!

This isn't necessarily a bad thing. Just make sure that you know what properties are available that are similar to yours and especially in your building. Make sure your realtor is local and knows the dynamic of your area!

3 comments:

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