New Construction in Long Beach Offers Surprises

Looking through the Long Beach MLS is a great way to get a good understanding of what is available. Often though there are properties that are not listed in the MLS that your local Long Beach real estate agent can help you to discover.

One of the best surprises of late has been the willingness of builders to work with customers. Often new builder inventory is not listed in the MLS. Understanding which builders do have inventory available and what incentives they are offering is key to helping you make your decision on which Long Beach property is right for you. As we have been around the city quite a bit this week (and in particular tracking some of the new developments) I thought it would be helpful to mention some of what is being offered out there:

• Temple Lofts - The Temple Lofts, located at 835 Locust Ave, are down to their final 9 units. With just 9 left they have been giving buyers $50,000 to use anyway they would like. This can entail reduction in price, closing cost credit, or even paying your HOA in advance. We have helped a number of clients move in here recently and they have just loved the building.
  
• Pacifica - This building, built by Lennar once had just a small sales office to sell out of. Looking at the 3D renderings of models was tough, but now they have the real deal available! They have staged units to look at and they are paying 2 years HOA (along with they have had a great price reduction from their initial offerings).
  
• AQUA - List prices can be tricky :). Although the builder is down to their remaining 34 units the prices seem a bit on wishful side. Don't let that stop you though. Going with your real estate agent has it's advantages. The sales staff is more than willing to work out a deal - everythign from a price reduction to upgrades. Ask to see what you can get!

Understanding the inventory from the traditional resales to the new construction in Long Beach will help you to find the right home. Financing options are many and the builders may even help lower your interest rate with a buy down. Have fun shopping using the Long Beach MLS and your Long Beach Realtor

New Construction in Long Beach - 5 Builders to Watch

New construction is popular to look for throughout the rest of the country, but sometimes hard to find in cities that are well developed, like the city of Long Beach. Have no fear as nation wide builders still like to develop in southern California. Here are some of the builders that are currently developing projects here.

• Lennar - One of the nations largest builders. They chose downtown Long Beach as the spot to build their project, Pacifica. This project of 62 units provides retail on the first floor and condos and townhomes on floors 2-5.
• West Millenium - They have been a large builder in California for 25 years. Their City Place Loft project provides a location nearby the City Place mall and just blocks from the Ocean. You will find large 1 bedroom models over 1,000 sq ft and townhome models over 1,600 sq ft.
• Standard Pacific Homes - This builder is putting together a project right next door to City Place. Little is known about this development, but as soon as more information is released we will be happy to update you on the project.
• The Olson Company - The Olson Company created the development of 133 Promenade. They are in the final stages of closing out their development as they have just about 20% of their inventory left. With a prime location on the Promenade the development provides easy access to great restaurants on pine like Kings Fish House and of course you are a quick jump to the freeway. With a total of 97 units (some live-work spaces) these lofts, condos and townhomes have been in high demand.
• October Five Development - This group is developing the much anticipated Press Telegram Lofts. Named after the newspaper that used to occupy the great location on Pine St, this upcoming development of over 500 untis promises to be a great building in Downtown Long Beach.

With some of these developments well under way you will want to check them out so you can pick the best location and floor plan for you in the building. If these are sold out, there are still some great resale Long Beach Condos throughout the city.