August 29, 2007
Long Beach, CA Real Estate - Market Update for July 2007
Here are the latest real estate market statistics for Long Beach, CA area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 43.7%*
| Average | June 2007 | July 2007 | % Change |
|---|---|---|---|
| Asking Price | $610,371 | $654,748 | 7.3% |
| Sales Price | $595,685 | $629,050 | 5.6% |
| % of Asking Price | 98% | 96% | -2.0% |
| $/SQFT | $436 | $442 | 1.4% |
| Days on Market | 57 | 67 | 17.5% |
| Total Transactions | 193 | 182 | -5.7% |
All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 8/7/2007: 2,989 properties on the market with 1,306 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.
For further information you can contact Marie Kletke, Broker of On Point Realty. Specializing in single family houses (SFR) in Long Beach, California. (562) 248-0154
