Deric Rangell

Long Beach, CA 90814

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Long Beach, CA 90814

Wed Jul 17 2019
This week the median list price for Long Beach, CA 90814 is $898,000 with the market action index hovering around 50. This is an increase over last month's market action index of 48. Inventory has held steady at or around 7. Click here to stay informed with the Long Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Long Beach, CA 90814

Wed Jul 17 2019
This week the median list price for Long Beach, CA 90814 is $898,000 with the market action index hovering around 50. This is an increase over last month's market action index of 48. Inventory has held steady at or around 7. Click here to stay informed with the Long Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Long Beach market.
Median List Price $898,000
Per Square Foot $607
Days on Market 62
Price Decreased 14%
Price Increased 14%
Relisted 0%
Inventory 7
Median House Rent $1,950
Most Expensive $1,199,000
Least Expensive $729,000
Market Action Index
Strong Seller's Market
50

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,199,000 2,389 6,500 - 8,000 sqft 5 2 63 0 0 112
$1,037,500 2,171 4,500 - 6,500 sqft 3 1 67 1 0 10
$883,950 1,348 4,500 - 6,500 sqft 3 1 81 0 1 133
$789,000 1,151 4,500 - 6,500 sqft 2 0 100 0 1 17