Ok August came and went and the last days of summer are just about behind us. All those who are going to school are just about in their classes. So where does that leave the Long Beach real estate market? Well let's see the numbers for August to see what happened.
As usual all sales data is taken from the realtor MLS system that serves the Long Beach area. So let's take a look and see what happened in August.
Long Beach Statistics for August 2007
- Sold - 210
- Expired - 153
- In Escrow - 161 (Pending - 102, Backup 59)
- New Listings - 591
- Total Active as of September 1st - 2,167
- Total Active as of Today - 2,227 - (60 new listings so far this month)
Ok so what does this all mean. Well it means we have a 10.8 months supply of inventory. The number of sales that are occuring in Long Beach continue to decrease. This means as a seller one will have to be more and more competitive.
For the buyers there are choices out there but not as many as you would think. In some areas there are not many properties. In areas of Alamitos Beach there are less than 3 condos that are under $300,000 that have parking associated with them. So while there are properties available it depends on the requirements that you have and the amount of money you are willing to spend. Make sure you take a look at what you absolutely have to have and go from there with your real estate professional.
1 comments:
In the past few years I've been researching who are the successful agents, tried to figure out why top agents are top agents.
Do they have a common educational background? No. Good ones have high school diplomas, masters and doctorates. No correlation.
Similar previous careers? No. One of the best agents I know used to teach baton twirling. I doubt if I could find a lot of those if I tried! I've had waiters, teachers, high powered executives and stay-at-home Moms who were all very successful.
Common interests? No. Other than eating, (which we Realtor-types seem to do exceptional well) the interests are widely diverse.
After 13 years in real estate sales and management, I've only found a few constants.
1. Successful agents treat the real estate business as a business. They actually have a business plan and a budget. They understand that you have to spend money to make money. They know how many sales they need to make the income they require and then they figure how they'll get from here to there. They plan in advance and execute the plan.
2. They actually work when they work and play when they play and take a day or two off every week. (Just like a "real job!")
3. They have fun and enjoy selling real estate but know that it won't be forever.
4. They buy a lot of real estate for investment when they see good deals because they know that no one gets rich selling the stuff. You get rich owning it! Financial independence gives one a lot of freedom, autonomy and a certain air of confidence that smells like success.
. . . And people like to do business with successful people so they do more business!
That’s why I choose this realtor http://www.realtydirectorymakers.com/ for my future
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