Find your Long Beach Condo by HOA Name!

As you are driving around the city of Long Beach you will find that there are many different condos that are possible. The hard part when you find a few buildings that look nice, is going back to the Long Beach MLS to find those properties. Sometimes you have the address, sometimes you just have the name of the building. We wanted to make it a bit easier for everyone to locate the buildings that you are driving by.

We have put together some of the Long Beach Condos by both address and HOA Name. Some of the Long Beach condos that you will find are:

• International Towers - 700 E. Ocean - learn more about the famous "round building" in Downtown Long Beach.


• Stoney Brook Villas - This is a popular complex next to CSULB where many parents and students purchase for their time at the university. There are 1 and 2 bedroom plans available.
  
• Clark Terrace - This complex is known for having large pine trees and boulders providing a quiet environment. Located near the traffic circle it allows easy access to the freeways and great areas like Los Altos.
  
• Villa Riviera - 800 E. Ocean - This downtown condo with the green roof is a historic complex that complies with the Mills Act so you can save a bit on your taxes.


• Many more! - We are constantly adding to this page so you can have a great resource of information for condos available throughout Long Beach. Every area from Bixby Knolls to Downtown, to Belmont Heights is listed.

Finding the Long Beach condo complex that you have always wanted certainly can be easy. Using our Long Beach Condo by HOA page and the Long Beach MLS you can quickly locate complexes (and individual units) that meet your goals. Take time to read about each complex so you can find the right fit. If you want a short cut to get the help you need you can always call us directly at 562-989-7111 and one of our expert professionals can guide you to the condos that are the best for your needs and budget.

Where are the home sales occuring in Long Beach?

Despite the fact that the media is overly negative on the housing market, there is still some wonderful activity here in the Long Beach market. With currently just 1,795 available homes and condos throughout the city we don't have as much inventory available as even a few months ago. With 112 sales occuring in February properties are moving, but which ones?

I won't paint a rosy picture as sales have slowed, but I thought it would be appropriate to mention what activity is occuring in the market place.

• Open Houses Near the Beach - Homes in Belmont Shore and Belmont Heights are still getting attention. With limited inventory under $1,000,000 (just 35 homes in Belmont Heights) buyers have been looking to find that right home. In 1 open house on Mira Mar this past weekend there were over 130 buyers through in a 2 day period (6 hours total of having the house open), now that is some activity!
• Entry Level Condos - Condos for the first time buyer that are in good condition are still not easy to get your hands on. In one instance in the past week a buyer actually lost on 3 different condos due to the fact there were multiple offers. This occurs particularly on condos under $300,000. There are still choices available in Downtown Long Beach, Bixby Knolls and more, but if you don't want to wait for a short sale your options will be smaller in number.
• Foreclosures - Although the media paints a picture of abundant foreclosures we aren't seeing them in every area. In particular neighborhoods like the Westside and North Long Beach we generally have more available than in areas like the Plaza. Foreclosures have provided for some great opportunities but act quickly as they are generally priced aggressively and don't last long. Right now they account for just about 5-7% of the total market.

With aggressive interest rates and some pricing pressure you can certainlly find the deal for you using the Long Beach MLS or contacting your Long Beach real estate agent. Have fun finding the property for you!

Los Angeles County Condo Sales for November 2007

Before we get into what's going on with the condo market in Los Angeles county California we hope that everyone is having a happy Dr. Martin Luther King Day and remembers the great work he did for everyone.

So what has happened in the condo market in Los Angeles county which of course affects long beach condos.

Well let's look at the graph of what happened in 2007 and in 2006 for condos sales and see how that will translate into where we are going in 2008.

• November condo sales in 2007 were up from October sales. This is actually great news when you look at last year sales were down in the same month. In fact sales were up almost 10% from the previous month.
• Overall condo sales are down 32% from the same point in time last year. While this is a large number there are several factors to consider: 2006 was still a record year and home sales were down an even greater number. Check out the post on home sales for more information and detail.

Overall when you look at how home sales are down and the fact that condo sales are down less it is a good sign for sellers who are looking to sell their condos. I am not saying that the condo market is going crazy but it does show there are available condo buyers and people have not abandoned the long beach condo or the Los Angeles condo so happy buying and selling!

New Long Beach Condos under $200,000!

First time buyers can still get some great options out here in Long Beach. A new studio development was created in downtown and is set to release. The Loudon Arms is a neat project of 29 units located at 345 Chestnut. I was able to preview them today at a Broker open to check out what they were able to do. Here are some of the highlights of these units:

• Lovely wood flooring throughout



• 32" Flat Screen mounted over the fireplace



• Granite kitchen counter tops



• New stoves, refrigerators, and microwaves included!



• Storage area in the basement

Although these units do not have parking deeded with the units, there are lots nearby where you can lease a spot on a monthly basiss (usually for less than $50 /mo).

The most exciting part of these studios are they range in price form $179,000 to $229,000! I would encourage a look by these Long Beach Condos by speaking with your local Long Beach realtor as there are some different floor plans that are possible!

Are there really many Long Beach Homes and Condos available?

It's a question we get asked daily and if you listen to the media there seem to be many choices on every block, but it may not necessarily be the case.

As buyers are looking through the Long Beach MLS, there may be 100's of properties available in any given area, but very few that are garnering their attention.

In fact if you look for specific requirements, then you may not find many properties to look at so you may really have to "jump" on that home or condo you have been wanting. Here are a few examples of the limited inventory.

• Alamitos Beach - If you are looking for a 1 bedroom, 1 bathroom condo, that HAS parking and under $300,000. - Condos Available: 1
• California Heights - If you are looking for at least a 2 bedroom, 1 bathroom Craftsman or Bungalow, and under $650,000 - Homes Available: 1
• Belmont Shore and Naples - If you are looking for 2 bedroom, 2 bathroom condo up to $550,000 - Condos Available: 3 (Finally some options!)

If you want to find a Long Beach home or condo that you will enjoy for the long haul, you will want to take the time to be specific. Ensure that you take some time speaking with a Long Beach realtor that understands your goals and can help you to learn about what is possible. Monitoring the inventory you will be able to see if you have many choices, or just a few!

Long Beach CA Downtown Sales in July

So in our last entry we noted what the sales were for the entire city of Long Beach CA. We hope everyone found this useful However since no one lives in the entire city it is useful to know what is going on in your area or part of the city. So today we thought we could go over Downtown Long Beach.

The sales stats below are from the MLS and for all residential properties in the Downtown area. If someone has accidentally put a property in the wrong area we of course won't pick that up. So here we go with our downtown long beach sales information! This is a picture of a fantastic building in downtown that has been affected by the increase in choices that are now available to consumers.

July Sales Statistics

• New Listings - 123


• Active Properties - 437


• In Escrow Properties - 36 (Pending - 28, 8 closed)


• Expired 41

So what does this all mean for our properties that everyone owns in Downtown Long Beach? It means we have just over 12 months of inventory. Over 12 months is definitely not preferred. In fact there is more than 12 months because new builder inventory is not included in the figures above because they tend to not put their properties on the MLS. This does mean that sellers are going to have to be even more creative. Be prepared to lower your price and accomodate buyers to help them achieve their goal of buying so it will achieve your goal of selling.

Historic Makeover for Historic Building

The building in Long Beach, commonly referred to as "the one with the Green Roof" to new visitors to the area is undergoing a major renovation. As the paint has been peeling the building has lost some of it's original luster. The project now of bringing back it's glory as a true icon in Long Beach is a 4 million dollar endeavour. This historic Long Beach Condos throughout the city all undergo improvements at times and this major project will help keep the Villa Riviera in great shape for years to come.

Among replacing 15 layers of paint, they will also be replacing the entry doors with bronze doors that are estimated to cost $450,000. Press-Telegram put up a great article that details the project. View more information at http://www.presstelegram.com/ci_5933818?IADID=Search-www.presstelegram.com-www.presstelegram.com.

Are condos selling in Long Beach CA?

You know this is a fair question as the real estate market continues to change. So if you own a condo, which many do, is there a market for the kind of property that you own? We believe the answer is still yes and that there are some great opportunities for both buyers of condos and the sellers. Now let's get into the data of what happened in May to see what is going on with long beach condos.

The statistics come from the long beach mls system that we use. So without further delay here we go!

1. Number of Sold Condos: 19
2. Number of Condos into Pending Status: 58

So what does all of this mean? Well of the 239 that sold last month only 19 were condos. That is 12.6% of the sold inventory for the month. 26.2% of the pending status properties were condos. This is a much better number. As interest rates continue to rise condos, which tend to be vastly more affordable, have appeal to them.

Condos for the short run appear to be not selling as fast as homes but their affordability is a great option for first time home buyers. So if you own a condo in Long Beach CA and you want to move up to a home it is probably a good time to do it. If you are worried about the price of your condo and want to sell just to sell make sure you get all the facts first!

Where are the buyers in Long Beach?

Now I don't want people to freak out when they read this. In fact there are buyers in Long Beach CA. In fact there are buyers in all areas of this country. The trick is are they are the price that you need them to be at if you are a seller? So today I thought I would cover Downtown Long Beach and the activity we have seen there in May so far. I will break down the other areas of Long Beach as we go on until we get to the end of the month.

All of the numbers below are what has happened since May 1st and are taken from the realtor MLS. So here is what happened so far.

• Total Active in Long Beach as of today: 1,876
• Total Pending in Downtown: 28
• Total Backup in Downtown: 14
• Total Closed in Downtown: 6
• Total New Listings in Downtown: 95
• Total Active in Downtown: 411
• Downtown Percentage of Long Beach Market as of Actives: 21.9%

So what does this all mean for the downtown long beach market? Well it means we have 10.2 months supply of property available. Now this is getting close to that 12 month mark where people consider it a buyers market but not there yet. It does mean, in my eyes, that sellers want to be agressive in price. Especially since new properties are being built in downtown.

The percentage of the Long Beach market may seem high, only time will tell. This will play out as we report on what is happening in other areas. We will say that there are some nice choices available for buyers in the downtown area. Some areas in Long Beach do not have as many choices. I would say if you were a buyer right now who wanted to be in downtown you will have a few choices. Be warned though as the best deals still go quickly!

Let us know what you think!

Who should home owners pick for insurance?

You know normally we wouldn't write an article about home insurance. It doesn't tend to be a topic that people really want to know about or think about that much. However we thought it would be important to know that Allstate will no longer be offering new home owners in california insurance policies for their homes. Allstate press release.

So why would we write on this? Well first of all you apparently aren't in good hands with Allstate. According to www.inman.com Allstate requested a 12% increase on rates in California. I don't know about you but when was the last time you got a 12% for doing exactly the same job. The new insurance commissioner of the state of California is really coming down on companies for doing this and hurting the consumer.

What I can recommend is that you make sure you you have adequate insurance and that you use someone you can trust. I don't normally do this but I can recommend a company that is reliable. Their information is below.

Landmark Insurance Agency
5406 Lincoln AveCypress, CA 90630
800-696-4285

Ask for Jason McKelvey. I get nothing out of referring Jason other than knowing he takes care of people He insures my assets as well as many friends and family. He has not asked for this endorsement because he is that kind of guy. Trust me he won't leave you like Allstate is apparently doing.

Please feel free to weigh in on your thoughts.

How many homes were sold in April in Long Beach?

You know often it helps to know what is going on in the local real estate market before you decide you want to buy or you want to sell. We thought we would let everyone know what is going on in the Long Beach Real Estate market so you can make the decision that works best for you!

So what did happen in April in Long Beach. Let's take a look at the numbers.

• Active properties at the Beginning of the Month: 1,102
• Active properties at the End of the Month: 1,661
• New properties that came on the market: 571
• Number of properties sold in the month: 204

All of the above numbers were taken from the MLS system that covers the Long Beach area which is SOCALMLS. All of the above numbers are for residential properties only and do not include income properties which are properties classified as 2 or more units.

So what does all of this mean for the Long Beach Real Estate Market? I think it means that we currently have 8.14 months supply of properties available. Remember that under 6 months is considered a sellers market and between 6-12 months supply it is considered a balanced real estate market. So we are doing pretty well. Each area is different in Long Beach but we will break that down in future posts. For now let us know what you think.

5 Things to Ask a Buyers Agent

Last post we covered the 5 best things to ask a listing agent. Today we wanted to cover the 5 questions you should ask when interviewing a buying agent. We are defining a buyers agent as a real estate agent who focuses their time on helping clients purchase homes. They should focus over 90% of their time on this task and preferrably not help sellers at all. This will help ensure that you get someone who focuses their craft on negotiating for the best interest of buyers and not sellers.

1. Are you specialized in an area? - A buyers agent with experience will focus on 1-2 areas that they are experts in. This will help you to get as maximum value from their experience within an area. If they say they cover many areas then you may not get the detailed area information that you would need to focus on the best neighborhoods that meet your criteria.
   
2. How many families have you helped each year? - The average real estate agent helps only 4-6 people each year. Purchasing a property is a detailed process so you will want to have someone who has experience negotiating tough issues so you can get the best deals. Top agents in an area will generaly help 12-24 familes each year. You will want to ask questions to see what different types of properties they have helped people purchase (condos, homes, multi-units) to ensure their expertise matches up to your goals.
   
3. Will you refer me a lender? Do you get any compensation for that? - Getting a referral from you buyer agent can be very helpful because the process can run smoothly if they work together often. Be careful that compensation is not happening though as this can sometimes mean you are not being steered in a direction that is best for you. You can also ask them for more than one referral. If the buyer agent objects to that be warned.
   
4. How will you will help me pick properties to view? - An experienced buyers agent should help you decide what best meets your needs through a consultation. A consultation can generally take 30-60 minutes and will include much more detail than just how many bedrooms and bathrooms you would like. This is your time to explain your vision of what you would like to find. You will also want to get access to the MLS so you can have a view of all of the properties that are out there. Ask to make sure that you will see listings from every brokerage, not just theirs.
   
5. What do you do during escrow? -Escrow can be a time where many agents don't give you guidance and expect you to figure out what is going on. Ask if they will have a dedicated transaction coordinator and what inspections will be scheduled. You will also want to find out if they are going to help you with paperwork. Make sure that you are going to get regular updates on the escrow process. The minimum update you should expect from your agent is once a week and preferrable twice a week. Also ask what form the updates will come in whether that be e-mail, fax, mail, or phone. It is preferred that you get an update in writing. You should also get an update from the lender have you chosen in writing a minimum of once a week during escrow.

We hope that these questions help you select the long beach realtor that is best for you. Please remember to ask these questions as it is one of the biggest purchases of your life!

5 things to ask your Long Beach Real Estate Agent

You know often we are asked what people should ask a real estate agent before they hire them. People often choose a real estate agent because they are a friend, a referral, or they say someone they saw on a park bench. This is one of the biggest decisions in ones life so we recommend when choosing a Long Beach Real Estate you should ask a few questions to make sure you are trusting the right person. For today we will cover how to select the right listing agent. A listing agent is an agent who sells your home and may not be the best person to help you buy. For questions to ask a buying agent we will write a separate blog on that.

1. What kind of Guarantees do you have? - This is an important one. Agents should put something in that guarantees a level of service or a level of communication so that you know they will be held responsible. Remember you are paying them quite a bit of money. Remember if they Guarantee isn't in writing it doesn't exist.
2. What is the average Days on Market the homes you sell stay & how is that compared to the average agent? - Be wary if an agent can't answer this. You want an agent who is above average. If they are below average you could possibly get far less for your home than you might with someone else.
3. What is your marketing plan? - Make sure the agent has more than a 5 point marketing plan. You want to know the dollars you are paying are toward selling your home so make sure they give you a marketing plan that has some length to it.
4. Can I fire you at any time & will that be in writing? - Any agent who doesn't want to work under a little pressure shouldn't be your agent. DO NOT get stuck in a 6 month contract without a way out. Make sure it is in writing that you can fire them for any reason.
5. How many homes have you sold? - Make sure an agent has experience in selling homes. In fact if you are choosing an agent to sell your home it is preferred that they only work with sellers as in general that means they have help to find buyers. Find someone who is specialized.

Next time we will give you the questions to ask your buying agent so you get the home at the right price!

How many condos are available in Long Beach, CA?

You know when you have a property and you are either getting ready to sell your condo or you just want to know the value of your property it always helps to know the competition. In fact we believe nothing helps like know how many people are competing with the type of property that you own. Today we thought we would let everyone know a little bit about how many long beach condos are available for sale and in particular how many condos are available in the downtown area of Long Beach.

Downtown Long Beach currently has 48% of the condos that are available in Long Beach. So what does this mean and 48% means what and how does it affect me? All of these are important questions so here we go!

1. There are currently 579 condos available in the city of Long Beach. This number was taken from the MLS as of 05/03/2007 and represents all properties that are currently in an Active status which means they are looking for offers on their condos.
2. 268 of these condos are available in the downtown area of Long Beach. This is a large number of condos and in downtown this represents 10 months of inventory.
3. What does this mean to me? What this means is if you are in downtown and you would like to sell study your competition carefully!

This isn't necessarily a bad thing. Just make sure that you know what properties are available that are similar to yours and especially in your building. Make sure your realtor is local and knows the dynamic of your area!

Want to Stop Foreclosure? Read this now

Unfortunately there are times when people get behind in their mortgage and they are facing foreclosure by the bank. We really want to make sure to let everyone know that banks do not want to own real estate. They really love lending money for people to purchase real estate but they have no desire themselves to actually own it. So we came up with some steps that we have helped people with in the past to make sure they can avoid foreclosure.

1. If you get behind on your payments and you are having trouble with catching up then call your bank immediately and speak with them. Make sure you speak to someone in loss mitigation and make sure they have you on record that you called them.Explain your situation.
2. Banks are run by people to and they understand that things happen. In fact they can be more understanding then you think. The bank may give you multiple options such as a payment plan, or a loan modification, and if you have to sell and you do not have enough equity then they may consider a short sell.
3. Short Sale - this is when you have to sell your home but do not have equity in your home in order to pay all associated fees that are incurred during a sale.
4. Contact your local realtor immediately! - Get opinions of the value of your home from such websites as http://www.globaltrusthomes.com/home_value.shtml. This website gives you an instant value of your home.

Remember that banks don't want to own your home. They really do understand and want to help you out. Please remember that even though things seem bad they will be worse if you don't call and speak with your bank. They want to work things out so give them a call and see what kind of options they can give you.

What happened in March in Long Beach?

It is always important to take a look back every month and see what happened in the market space. When buyers and sellers are looking out a property it would help to know how all real estate in Long Beach is performing. Performance of real estate in long beach can be looked at many different ways. We like to look at how many new properties came on the market in Long Beach and how many properties were sold during the month.

If a market has inventory growing at a pace that is too rapid for the market could absorb there may be an economic issue in the market place. For the month March we had a 27% increase in the number of properties that came on the market. This is not terrible considering we are entering spring time.

• We still had a very healthy 265 properties close during the month and 189 properties going into escrow.
• Number of properties that went into a Pending Status - 189
• Number of Properties that Closed: 265
• Number of Properties that Expired 135
• Total Active as of today: 1589
• Total Active at the start of March 1252
  

As a whole things in Long Beach are moving in a positive direction. One might want to think otherwise as a result of the data above but the market continues to have sellers selling and buyers buying.

3 Things to do before you sell your home!

These three things will help you prepare your home for sale and will end up making you more money on your sale of your long beach home or long beach condo.

1. Price your long beach home or long beach condo correctly - This is truly the #1 mistake that we see from sellers. Make sure that before you decide on a price of your property you consult your realtor to see what is on the market. Right now in long beach real estate it doesn't matter what things sold for last year it matters what they are selling for now. Don't price your home based on the neighbor who has had his or her long beach home listed for 98 days. You want it based on what is in escrow now or what has sold within the last 90 to 120 days maximum.
2. Make sure your house is clean - This may sound obvious but you need to have your long beach home or long beach condo clean like a very important person is coming over. Make sure you have all items put away, candles or other items to make it smell better, and make sure there is fresh paint if at all possible.
3. Don't be present when people are viewing your property - let your realtor have a lock box or let people in. People do not feel as comfortable talking about a property if the owner is there. Whatever you do try and not be present or at the very least don't comment or hover while prospective buyers are viewing your home. It will help you sell your long beach home or long beach condo much better.

These 3 tips cost sellers the most money and it is about netting the most at the end. We wish you the best of luck.

What's happening in Downtown Long Beach?

Long Beach, CA is a large city. I mean to us it is. The total population is just over 500,000 and as a result has many different areas located within this fine city. The 2000 census reported 461,000 so I am adding an increase in the population. As a result we want to make sure that everyone is aware of what is happening in the different areas of this city. So today we thought we would discuss what is happening in downtown long beach. Hopefully everyone had a chance to read the last blog on the monthly statistics for February. If you didn't please do and let us know what you think. More information on downtown can be found at www.LovelyDowntownLongBeachCondos.com in case you wanted to know more about the area. We will discuss today the statistics and what that means for the market. Another great website to find out what is happening in Long Beach as a whole is http://www.longbeach2030.org/. This website is run by the city and will definitely keep you up to date on the future of Long Beach.

Please note that all statistics are pulled from the MLS and that in the MLS system downtown is also associated with nearby Alamitos beach. For our purposes we will use the MLS defined area so if you ever run into other statistics they will more than likely be the same.

Statistics in downtown long beach for February

Closed Sales - 40 - This means that the property actually changed from 1 owner to the next
Number of condos - 24 of the closed sales in downtown long beach were condos
Number of homes - 16 of the closed sales in downtown long beach were homes
New listings - 52 - This means that 52 sellers chose to put their home on the market in downtown long beach in February
Total amount of properties going into escrow - Both Backup & Pending Status - 30
Total properties Expired - 32 - Where contracts expired on the property
Total Active Listings - 291 total properties available in downtown long beach

So now that we have our data out there what does this mean. One of the numbers that is used to judge the health of a market is the number of homes available on market in comparison to the time it would take to sell those properties. Now that is referred to as days on market. For more explanation on this please see the post on February statistics.

The number that we use is the number of properties that went into escrow in the month in both a backup or pending status. Using closed would mean a property would have to be bought and sold in the same month which is usually not the case as escrows are traditionally 30 days.

What this means is that in downtown long beach we have a 9.7 month supply of homes and condos. A sellers market is 6 months or less and a buyers market where the supply is over 12. What this means is we are just fine in downtown right now. We are an even market. As long as sellers price appropriately they should average the 62 day average stay on market prior to receiving an offer. I would recommend pricing more aggresively to attract more buyers.

In all things are not as bad as the media would like us to believe. I do believe both buyers and sellers must be realistic. I don't think that is such a bad thing. Let's here what you have to say.

As usual, you decide the truth!

You be the judge of the real estate market!

5 reasons why Long Beach Real estate will be just fine in 2007?

You know it is interesting that with all the doom and gloom surrounding the lending industry and the stock market and everything else that we tend not to look at the positives that are occuring in our very own market. I thought it would be great if we had some reasons why Long Beach real estate will be just fine in 2007. So here is our top 5 reasons why things will be ok!

Top 5 reasons in Reverse Order

1. There are currently only 1,450 residential properties on the market! With over 200 sales a month this means we have just over 7 months supply of properties on the market. 6 months or under is a sellers market so I think we are doing just fine!
2. The median home value in Long Beach is below the Los Angeles average of $525,000. Below the average is a good thing in this case because it means that more people will be able to afford the property!
3. First time home buyer programs still work in Long Beach! There are programs that still give the buyer a free $12,500.
4. You can get a condo for under $225,000! Now this alone should be the best reason. People can still get a place to live for below the national average!
5. It is the cheapest city on the water in southern california. People will always want to live near or on the beach and Long Beach has the most affordable ocean views around!

I would love to hear what others have to think on why they choose to live in the City of Long Beach. Let us know as we would be glad to hear it!

How many homes sold in March in Long Beach CA?

We thought that it would be a good idea to post the vital statistics of the housing and condo market that happens every month. This way everyone can see what is happening and we can all discuss what is good, bad, or indifferent for the Long Beach, CA market.

For this blog article we have not broken up the difference between homes and condos. We will be doing that in the future though so stay posted. The statistics only include residential housing so no multi-family properties are included in the statistics. There may be a possibility that a duplex is included in the statistics if it was listed under the heading of residential properties.

All of these statistics came from the MLS(Multiple Listing Service). We did do the searching so it is as accurate as possible. All information is based on data from 02/01/2007 to 02/28/2007
So here we go.

• Total residental properties available: 1,264
• Total new properties that came on the market: 407
• Total properties that went into escrow (Both Pending & Backup Status) - 237
• Total properties that Expired - 137

So what does that mean. Let's take a look and then hear what people have to say. At the current pace of sales (237) a month that means Long Beach as a whole has 5.3 months of inventory. Now in different areas of Long Beach this sometimes means the level of inventory is beyond 6 months and in others it is below 6 months.

The reason I mention 6 months is that below 6 months of inventory a market is considered a sellers market, between 6 months to 12 months the market is considered a level field for buyers and sellers, and above 12 months the market is considered a buyers market.

Now I don't think that this is a seller's market and seller's should just rush out there and price to the sky. What I do believe this data is telling us is that the market is becoming more balanced and that Long Beach as a whole is not experiencing a massive fallout as the media has been saying is across the country.

So upcoming we will continue to post more statistics about the different areas of Long Beach so that homeowners in all areas can see what is going on in their particular area.

As usual, you decide the truth!

You be the judge of the real estate market!