For all of the media attention on the fact that it is a "buyer's market" and there are so many choices, when you get down to it, there might not be as many choices as you anticipate. With just 1,841 home and condo options available as of the end of April (see Long Beach Real Estate Statistics for last month), you need to dig carefully through the Long Beach MLS to find the property that is right for you.
Want a real life example of dissappearing inventory?
If you were looking in the Bixby Village complex just over 4 weeks ago, you had 5 different townhomes to choose from. You could choose from models just over 1,700 sq ft to the largeest ones in the complex that are over 2,000 sq ft. If you searched on May 12th though, you would find that you had 0 to choose from! Now, some of these properties has been on the market over the average days on market of 72, but with fewer choices, buyers have now picked them up. In fact if you searched for townhomes nearby you would find that you could only find them in next door Whaler's Cove.
Don't Miss Out
Although I think a real estate agent would be crazy to say that Long Beach real estate is hot again like it was in 2003 and 2004 it does show you that you need to keep a careful eye on the inventory. With historically low interest rates and inventory that is the best we have seen in years now is the time to keep a careful watch to find the Long Beach home or condo you have been waiting for, just don't wait to long!
Get up to the minute updates on the properties that meet your needs by using the Long Beach MLS.
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