As a seller it is important to know who you are competing against or how many homes and condos that you are competing against when you list your piece of long beach ca real estate.
So what has been happening in Long Beach the past 3 months? Well the chart above shows the last 3 months of new listings compared to sold inventory. Just over 400 homes and condos are listed every month in Long Beach. Less than 200 are sold every month and as we get closer to Christmas the number of sold properties will get to around 150 properties. Also of note is the fact that at the time this is being written there are 2,167 active properties in the city of Long Beach. At the moment Long Beach has about 12 months of inventory available. This is not where we would like to be.
The heavy inventory areas, where buyers have more choices, are North Long Beach and Downtown Long Beach.
They key thing is to know how many homes are listed or available for sale within 1-2 miles of your property as that is where buyers are going to be looking. Also make sure the properties are of similar size and price as those are the ones that buyers will be looking at before deciding their purchase.
So what has been happening in Long Beach the past 3 months? Well the chart above shows the last 3 months of new listings compared to sold inventory. Just over 400 homes and condos are listed every month in Long Beach. Less than 200 are sold every month and as we get closer to Christmas the number of sold properties will get to around 150 properties. Also of note is the fact that at the time this is being written there are 2,167 active properties in the city of Long Beach. At the moment Long Beach has about 12 months of inventory available. This is not where we would like to be.
The heavy inventory areas, where buyers have more choices, are North Long Beach and Downtown Long Beach.
They key thing is to know how many homes are listed or available for sale within 1-2 miles of your property as that is where buyers are going to be looking. Also make sure the properties are of similar size and price as those are the ones that buyers will be looking at before deciding their purchase.
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