As we look at statistics it is important to know that even numbers for an entire city may not give a clear picture of what is happening. Long Beach is a city of just about 500,000 people. Now within this fine city there are different neighborhoods, different homes, different communities. So we of course have different results in each are of the city. Today we are going to cover Downtown Long Beach.
Downtown Sales Activity for September 2007
- Total Active Properties as of October 1st - 517
- Total In Escrow Properties - 38 ( 15 Backup, 23 Pending)
- New Listings - 102
So what does all of this mean?
- Downtown is 22.8% of all active properties that are available in the city of Long Beach
- Downtown Long Beach is only 20.4% of all properties that are being sold - this may now sound like a big different but it can become one extremely fast.
- Downtown Long Beach has a 13.6 months supply of homes - this is well into a buyers market for time frame.
- So if you are a buyer make sure you look at what you really want if you are in downtown. Look at properties online with your real estate professional and pick the ones you want to see. There are quite a few properties out there to choose from but only a few that probably meet the majority of your requirements.
- If you are a seller in downtown make sure your property is priced appropriately and make sure that it is clean and presentable at all times.
0 comments:
Post a Comment