How many properties are actually available?

As many consumers monitor the market activity for the past month with under 200 properties being sold for the month of September, it could be easy to say that there are plenty of Long Beach homes and condos available and one should wait there time for the prices to fall as there are plenty of choices out there. On the other hand, it could be more useful to look at what properties are actually available....

• If you are looking in Belmont Heights for a home under $700,000, then you have just 13 options


• If you are looking for a 1 bedroom, 1 bathroom condo in a nice area of the Eastside, under $240,000, then you have just 6 choices


• If you would like a home in North Long Beach under $500,000 then you have 321 options

As you are looking through the inventory of available properties, keep an eye out for the property that best meets your needs and your budget. With ALL of the choices available throughout the Long Beach MLS, realize that in most cases, you can purchase just 1 so pick the one that meets your needs and remember, there may not be as many as you think that you actually like :)

North Long Beach Real Estate Results for September

The northern part of Long Beach is referred to as North Long Beach. This is an area of town that borders the cities of Compton, Carson, and Lakewood. This area can be easily reached by the 91 or 710 freeways. So what is happening in this area of town? Well let's take a look at the numbers to see. The chart to the left shows the activity level. The largest bar represents the number of active properties and the second largest bar is the number of new listings that have been taken in the area since the first of September and ending at the end of the month.

North Long Beach Real Estate Statistics for September 2007

• New Listings - 96


• Properties in Escrow - 31 ( 28 Pending, 3 Backup)


• Expired Properties - 57


• Total Active Listings at the end of Setpember - 426

Ok so what does this all mean. Well it means that North Long Beach has over 13 months supply of homes. This would mean that the market is Long Beach is a buyers market. There is certainly plenty of properties to choose from. Some properties are in turnkey condition but many are in need of repair. This represents ample opportunity for first time home buyers looking to buy a property that needs some work or investors who are looking to provide quality housing on a flip. Many properties have lots that could allow expansion of properties creating additional value as well.