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Please find attached the market update as of August 9, 2009. The chart below shows a snapshot of the current inventory in Long Beach and Lakewood. The total inventory for Long Beach is decreasing, while the Lakewood inventory has stabilized from last week until this week.
REAL ESTATE PRICE & INVENTORY TRENDS FOR LONG BEACH
The median single family home price as of August 9, 2009 for LONG BEACH is $$369,445 (up $2,000 from last week).
 There are about 1,086 properties on the market in LONG BEACH as of August 9, 2009. (down 10 properties from last week).
REAL ESTATE PRICE & INVENTORY TRENDS FOR LAKEWOOD
The median single family home price as of August 9, 2009 for LAKEWOOD is $385,018 (up about $1,000 from last week).
There are about 196 properties on the market in LAKEWOOD as of August 9, 2009 (up 1 property from last week).
We’re in the business of selling title insurance, so please think of USA National Title – Christy Van and Robert Strausas on your next order.
And, as always, our Friendly Customer Service is ready to help you with your Property Profile or Farming needs.Current statistics for LA County.
The number of sales increased drastically compared to Jan or Feb 08. It's a consequence of the low prices (75% of sold listings are REO or Short sale) and low interest rates.
Prices dropped of almost 33% in one year!!!
Sales Statistics
for LOS ANGELES County CA |
| Realist's most recent recording date for this county is 03/16/2009 |
| Single Family Residence |
| Feb 2009 |
2,910 |
$320,000 |
| Feb 2008 |
2,262 |
$475,000 |
| Jan 2009 |
3,121 |
$310,000 |
| Jan 2008 |
2,181 |
$470,000 |
| 2009 YTD |
6,304 |
$318,000 |
| 2008 |
43,690 |
$405,000 |
| Condominium |
| Feb 2009 |
753 |
$295,000 |
| Feb 2008 |
872 |
$430,000 |
| Jan 2009 |
848 |
$315,000 |
| Jan 2008 |
811 |
$420,000 |
| 2009 YTD |
1,678 |
$306,500 |
| 2008 |
14,755 |
$385,000 |
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