Tuesday, October 21, 2008
Home or Condo? The choice is up to you?
What kind of property were you looking for in Long Beach? Did you want a home or a condo?
Right now you have some choices and it isn't want some people think. As a result of the media and all of the "foreclosure", "REO", & "bad market" talk many people think that in Long Beach there just must must be tons of long beach condos or lots of Long Beach Homes to be had for pennies on the dollar.
Well let's take a look at what is actually available so we can see what we have to choose form.
As the graph at the right illustrates there are still far more homes to choose from than condos. In fact there are almost twice as many homes to choose from as condos.
For those who have noticed that the homes and condos totals don't add up to the total number of active residential properties in Long Beach in the graph that is because some properties are either lofts, OYO(Own your Own), or other ownership forms that are not condo or home.
Looking at it today if you are looking for a condo you still have 546 to choose from that are on the MLS. Keep in mind with condos there are some that are not listed in the MLS as they are only listed by developers on their sites. Many of these developers work with real estate agents and I would recommend contacting your favorite real estate agent first prior to walking in to the developer so you can have someone negotiate for you.
With the homes available in Long Beach there are 926 options. Keep in mind that some areas have very few choices while others have many to choose from. You can always use our free mls to search for homes in the area that you want to be in.
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Posted by
Joseph Bridges
at
8:15 AM
Labels: long beach condo, long beach home
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