Leave a comment » Alamitos Beach Homes Market Report-2008-Long Beach Real EstateAlamitos Beach Homes - Market Report - 2008
January 1, 2008 - June 20, 2008 Sales are picking up this month. The real estate market has been flushed with foreclosed homes which has driven prices down and first time buyers onto the Long Beach Real Estate market. The sharpest decline in prices in 20 years has been reported by Data Quick, prices fell by 30% in May. While this upturn in the real estate market has not dribbled up to the luxury market, it should follow suit shortly. Lenders have tightened up on lending standards, interest rates are lurking around 6.5% and buyers must be pre-qualified. It's a smart buyer that has a lock in letter and a loan commitment from their lender to protect themselves. This puts some strong buyers on the market right now and they are looking to purchase the most their money will buy. There are some really great buys available right now, well priced homes are receiving multiple offers and investors are out shopping. This is a great time to be on the market priced to sell. There are currently 15 homes for sale in Alamitos Beach. Average Price: $724,920 Average Days on Market: 75 1 home in Alamitos Beach is in escrow accepting back-up offers. Average Price: $595,900 Average Days on Market: 62 3 homes in Alamitos Beach are currently pending in escrow. Average Price: $303,966 Average Days on Market: 14 3 homes in Alamitos Beach have Sold (closed escrow) in 2008. Average Price: $442,666 Average Days on Market: 100
1 home in Alamitos Beach is currently on hold (no showings). Average Price: $199,000 Average Days on Market: 233 9 Alamitos Beach homeowners cancelled their listings. Average Price: $480,322 Average Days on Market: 111 1 Alamitos Beach Home has withdrawn from the market. Average Price: $297,000 Average Days on Market: 149 6 Alamitos Beach homes listings expired. Average Price: $597,983 Average Days on Market: 158 1 Alamitos Beach Home for sale was leased.
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Posted on Jun 21, 2008 @ 4:08 am by Laurie.Manny
Posted in Main category, Long Beach Market Reports, Buyer Information, Seller Information, Home Buyer Information, Seller Information, Long Beach Market Reports, Real Estate Market Reports, Alamitos Beach, Buyer Tips
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