Can you find a deal on a Long Beach condo?

Are you looking to find a deal on a Long Beach Condo? Well if you are let's make sure you have some facts as you move forward.

Now can you find a deal, absolutely, it just depends on your definition of a deal. Properties are not being sold for 25 cents on a dollar in amazing buildings but you can find some great opportunities if you look at what is going on. A word of caution though that the buyers who are willing to act are the ones being rewarded. Buyers who are sitting and playing the "Let's wait and see what happens game" just continue to wait and aren't buying anything. With that said let's look at the statistics and see what light we can shed on the current long beach condo market. In case anyone is wondering the picture today was taken by James Bridges of the lovely Harbor Place Towers.

• There are currently just 625 condos available to be purchased. Now this is in the MLS. You can always search the MLS right here by clicking the FREE MLS link in the right hand side bar. Some of the new condo projects done by builders do not list all of their inventory in the MLS although they fully cooperate with those being assisted by real estate professionals.
• The average condo available in the MLS is $391,000. So the market in long beach condos definitely hasn't collapsed or fallen apart. Now each area of the city has it's own unique market.
• The most affordable condo in the city as of this post was $95,000. Now you do get what you pay for so take that into consideration as well.
• Condos represent just 33% of the available inventory in the city. There are fewer choices of condos than there are homes in the city. This means if you see one you like you may have to act on it especially if it is at a price that looks like a great deal.

Make sure you take a look at what is available and if you want to keep up to date on what is happening in the long beach real estate market make sure you subscribe to this blog by inputting your e-mail in the box to the right. Your mail will never be sold or rented to anyone!