The Long Beach area has a wide selection of fantastic homes to choose from. If you're curious about what properties are currently listed on the market, GO HERE to perform a Full Home Search, or if you're considering selling your home, CLICK HERE to obtain a Free Home Value Report. For any other questions about Long Beach real estate, or the value of your own home, please feel free to call me at (562) 900-9430, or send me an email anytime!
During 2012 and 2013 we saw a significant appreciation of home sales here in Long Beach and throughout California as a whole. Now, looking back at 2014 we can see that our market has taken a breath and is starting to calm down. This is great news, as it means we're heading toward a normal, balanced market.
According to the California Association of Realtors, we'll be looking at a healthy market in 2015. We're expecting to see an appreciation rate of 3.5%, which is a good sign. The 15%-30% appreciation rates we've seen over the last few years are simply unsustainable. If the market didn't cool off, we would have seen hyperinflation and the beginning of yet another bubble, which would be bad news for everyone.
Depending on your area, your home value is either appreciating at a slower rate or starting to soften. To get a better idea of what's going on with home values, here are some of the median sales prices of specific areas:
According to the California Association of Realtors, we'll be looking at a healthy market in 2015. We're expecting to see an appreciation rate of 3.5%, which is a good sign. The 15%-30% appreciation rates we've seen over the last few years are simply unsustainable. If the market didn't cool off, we would have seen hyperinflation and the beginning of yet another bubble, which would be bad news for everyone.
Depending on your area, your home value is either appreciating at a slower rate or starting to soften. To get a better idea of what's going on with home values, here are some of the median sales prices of specific areas:
- Long Beach: $468,500
- Naples & Belmont Shore: $785,000
- Wrigley: $396,000
- Bixby Knolls / California Heights: $544,000
- Los Altos / The Plaza / South of Conant: $568,000
As you can see, market conditions vary by neighborhood. If you want a detailed report for your area, give us a call or shoot us an email. We'd be happy to send it to you.
If you have any questions or concerns about real estate here in Long Beach, don't hesitate to reach out to us. We can cover a topic of your choosing in a future video to ensure your real estate ventures are always profitable. Thanks, and have a great day!
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