Belmont Heights Sales for March 2008
OK so the month is not over yet but we thought for St. Patrick's we would give an update on an area that we get tons of questions on and happens to be located close the the water and in high demand.
So what is going on in Belmont Heights in Long Beach this March? Well we currently have 66 active homes listed for sale and 8 properties that are in some stage of escrow. What does all of this mean?
- 12% of the properties are in some stage of escrow. This is quite good for not only the time of year but in comparison to other areas of the city.
- We have a 8.25 months supply of homes. This would put Belmont Heights not quite in a sellers market but in an even market for sure.
- List to sales price ratio continues to stay above 96%. This is the average discount that a buyer is receiving which is just above 4%. This is great for both the buyers and the sellers.
Belmont Heights continues to draw attention as a highly desirable place to live in Long Beach. At a recent open house in the area over 150 people went through a house on Mira mar 3 weeks in a row! Real estate is local to the area not just the city and Belmont Heights continues to be in demand.
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