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The Single Family Home Real Estate Market of Bixby Knolls Long Beach CA
The
Bixby Knolls/ Los Alamitors areas of
Long Beach single family
single family real estate market has showed a decraese in number of listings on the market and a return to the October 22 levels of sales in Dec.The low number of sales in November can then be considered a discrepancy rather than a part of the trend. . The sales price of the single family homes was close to the asking price. The two and a half month inventory along with the sales price being at listing price suggests a market that is leaning towards sellers.
The Home Real Estate Market of Bixby Knolls Long Beach CA
| LISTINGS |
October 2011 |
November 2011 |
December 2011 |
| Number of Homes on The Market |
68 |
63 |
55 |
| Average Listing Price |
$514,000 |
$549,000 |
$542,000 |
| Listing Price Range |
$176000 - $1,195,000 |
$208,000 - $2,495,000 |
$208,000 - $2,299,000 |
|
|
|
|
| SOLD PROPERTIES |
|
|
|
| Number of homes sold |
18 |
6 |
22 |
| Average Selling Price |
$408,000 |
$413,000 |
$409,000 |
| Selling Price Range |
$125,000 - $850,000 |
$275,000 - $5680,000 |
$250,000 - $595,000
|
| SP/LP |
96% |
98% |
100% |
| DOM |
86 |
86 |
99 |
| Inventory |
3.5 Months |
10 Months |
2.5 Months |
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The Condominium Market of Bixby Knolls Long Beach CA
The condominium
real estate market of
the Bixby Knolls and Alamitos areas of
Long Beach shows signs of stability as it has for the past 6 months. Prices have been stable the number of units sold has too
The average days on market for sold propertieswas less than three months while there is a a7 month supply on the market. The average price of condos in the sold
Bixby Knolls and Los Alamitos areas of
Long Beach was $193,000. Prices are stable. However the inventory shows that the condos in Bixby Knolls are still a buyers market. The 85% ratio between selling price and asking price also indicates a buyers market.
The Condominium Real Estate Market of Bixby Knolls
| LISTINGS |
October 2011 |
November 2011 |
December 2011 |
| Number of Condoss on The Market |
39 |
41 |
34 |
| Average Listing Price |
$196,000 |
$190,000 |
$193,000 |
| Listing Price Range |
$70,000 - $600,000 |
$70,000 - $600,000 |
$70,000 - $600.000 |
|
|
|
|
| SOLD PROPERTIES |
|
|
|
| Number of Condos Sold |
5 |
6 |
5 |
| Average Selling Price |
$132,000 |
$183,000 |
$154,000 |
| Selling Price Range |
$99,000-$164,000 |
$92,000-$290,000 |
$120,000 - $185,000
|
| SP/LP |
98% |
98% |
85% |
| Days on Market of Sold Homes |
111 |
118 |
104 |
| Months of Inventory |
8 Months |
7 Months |
7 Months |
The
Bixby Village, Bixby Knolls and Los Cerritos area sof Long Beach are comprised of somewhat higher value homes than many older areas of Long Beach. There are signifincantly more single family homes in the area with very few condominiums. . The area a more suburban feel and offers good schools.
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Long Beach Real Estate Experts
List! Buy! Save! is not your ordinary
Long Beach real estate Brokerage. Unlike most real estate companies that force you to do things one way or their way, we believe you should have choices to pick and choose what best fits your individual needs.
We are always looking for new ways to make and
Long Beach real estate more efficient AND less costly for our clients, without sacrificing quality or service. If you’re looking to
buy a home in Long Beach or
sell your existing Long Beach property, we will be happy to take care of your real estate needs. Our mission is to provide outstanding customer service while utilizing the best practices and systems available.
For more information about
List! Buy! Save! real estate services and how we can best serve you, please fill out the
online contact form or give us call today!
Maya Swamy, Ph.D
The No Excuses Agent
List! Buy! Save!
DRE Lic 01523840
323.230.9775
maya@listbuysave.com
Map of Bixby Knolls, Bixby Village Long Beach CA
