The well priced Long Beach real estate is still moving quickly. Sounds very different than the main stream media but it certainly is happening in real life. Now, this is not to say that there aren't properties that are sitting on the market for 80,90, or 100+ days, because they certainly are, but the properties that are in great condition and priced lower than their competition are receiving multiple offers and staying on the market less than 14 days.
So what does this mean to you?
As you are looking for properties using the Long Beach MLS or your local real estate agent be aware of the properties that are the"deals". The deals in any market certainly don't last long and with interest rates at still record lows buyers are hungry for the best deals possible. Searching through the inventory will help you to understand what is possible so you can identify the deal along with your agent.
Sounds good, but is it really happening?
If I didn't look through 100's of properties every day online every day I might be skeptical of this post, so let me provide a couple of examples.
- Signal Hill Condo on 20th St - This property is over 1,500 sq ft and was listed as a foreclosure for $299,000. It stayed on the market less than 11 days before it went into escrow.
- Belmont Heights 3 Bedroom Home - This home was just 2.5 blocks from Ocean blvd and priced at $650,000. Within it's first 14 days on the market it received 2 offers and went into escrow.
Whatever area within Long Beach you are focusing on, make sure to understand the inventory that is available. Have your Long Beach real estate agent set you up to view the listings so you can determine what is available and then you can see when that "deal" pops up. Remember don't hesitate too long as the deals certainly are flying off the shelves.
1 comments:
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