California pending home sales continue to spiral downward. 

June REALTOR® Market Pulse Survey**:
Entering the summer months, the housing market is showing signs of slowing as REALTORS® begin to grow cautious about dwindling inventory and curbed affordability.

For the full report, visit the link below. If you are a home owner in the Long Beach, CA or surrounding areas Team Reyes is positioned to help navigate this changing market. 

http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/jun2017pending

California Real Estate Market LandScape is Changing.

California pending home sales stumble for fifth straight month in May

LOS ANGELES (June 28) – Even with a strong performance in May closed escrow sales, California pending home sales fell for the fifth consecutive month, suggesting the state’s housing market may underperform over the next few months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Along with the decline in pending sales, REALTORS® are more cautious due to their growing concern over supply and affordability issues, C.A.R.’s May Market Pulse Survey** found. REALTORS® also saw fewer floor calls, and less open house traffic than in April.

For a Complimentary Report of the state of the housing market click learn more. Lastly we are continuing to see increases in cities of Downey, Long Beach and Whittier Real Estate.

Also to instantly determine your homes value visit http://www.HomeValueSocal.com

 

california state of the market

Long Beach, CA Real Estate is HOT!!!

LONG BEACH REAL ESTATE REPORT
The Long Beach real estate market continues on a healthy note. The median list price is $559,000 and the average home has been on the market for 82 days. In the past month, there have been 206 real estate transactions in Long Beach, with a median sale price of $519,950. The recent sales activity in Long Beach represents a +13.0% change over the prior month.

There are currently 698 Long Beach homes for sale, which equals about 3.4 months of inventory creating opportunities for buyers that were once on the fence.

There are 361 detached homes for sale, 21 townhouses for sale, and 200 condos for sale. In the past 30 days, there have been 325 new listings in Long Beach, 169 price changes, 158 new contracts, and 206 home sales. Visit the Long Beach real estate news blog for more information.

If you are interested in determining your homes value please visit @@ CHECK YOUR HOME VALUE HERE!! www.HomeValueSocal.com @@CHECK YOUR HOME VALUE HERE!!

For a detailed look at the actual Long Beach Housing numbers click on the individual links for a year to date as it compares to the historical numbers.

You may want to bookmark this post full of dynamic links which fluctuate day to day.

We are available to answer your calls 562-326-2127

New Listings

http://crmls.stats.10kresearch.com/infoserv/s-v1/2uwv-0U5

Active Listings

http://crmls.stats.10kresearch.com/infoserv/s-v1/2uwn-RS7

Pending Sales

http://crmls.stats.10kresearch.com/infoserv/s-v1/2uSd-dtr

Closed Sales

http://crmls.stats.10kresearch.com/infoserv/s-v1/2uS7-AcC

Days on Market

http://crmls.stats.10kresearch.com/infoserv/s-v1/2uSE-PeD

Months of Supply

http://crmls.stats.10kresearch.com/infoserv/s-v1/2uS3-K7C

Median Price Per Square Foot

http://crmls.stats.10kresearch.com/infoserv/s-v1/2uSs-tG7

Percentage of List Price

http://crmls.stats.10kresearch.com/infoserv/s-v1/2uSM-a7L

Percentage of Original Price

http://crmls.stats.10kresearch.com/infoserv/s-v1/2uSe-PkG

Final Median Sales Price

http://crmls.stats.10kresearch.com/infoserv/s-v1/2uSG-GQd

Whittier, CA Real Estate is HOT!!!

WHITTIER REAL ESTATE REPORT

The Whittier real estate market is very healthy. The median list price is $599,999 and the average home has been on the market for 75 days. In the past month, there have been 39 real estate transactions in Whittier, with a median sale price of $585,000. The recent sales activity in Whittier represents a +10.0% change over the prior month.

There are currently 116 Whittier homes for sale, which equals about 3 months of inventory creating a slight advantage to buyers.

There are 89 detached homes for sale, 4 townhouses for sale,and 8 condos for
sale. In the past 30 days, there have been 64 new listings in Whittier,
34 price changes, 51 new contracts, and 39 home sales.

If you are interested in determining your homes value please visit @@ CHECK YOUR HOME VALUE HERE!! www.HomeValueSocal.com @@CHECK YOUR HOME VALUE HERE!!

For a detailed look at the actual Long Beach Housing numbers click on the individual links for a year to date as it compares to the historical numbers.
You may want to bookmark this post full of dynamic links which fluctuate day to day.

We are available to answer your calls 562-326-2127

New Listings

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q79M-8gH

Active Listings

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q79i-Kzb

Pending Sales

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q795-VOP

Closed Sales

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q79o-jLC

Days on Market

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q79v-wvS

Months of Supply

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q79e-rli

Median Price Per Square Foot

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q799-AKg

Percentage of List Price

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q79c-8D0

Percentage of Original Price

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q707-Ktg

Final Median Sales Price

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q702-DZl

Downey, CA Real Estate is HOT!!!

DOWNEY REAL ESTATE REPORT

The Downey real estate market is healthy. The median list price is $610,000 and the average home has been on the market for 99 days. In the past month, there have been 44 real estate transactions in Downey, with a median sale price of $517,000. The recent sales activity in Downey represents a -1.1% change over the prior month.

There are currently 157 Downey homes for sale, which equals about 3.6 months of inventory and is following the trend for most of the
Los Angeles areas. There are 123 detached homes for sale, 10 townhouses for sale, and 14 condos for sale. In the past 30 days, there have been 67 new listings in Downey, 38 price changes, 41 new contracts, and 44 home sales.

If you are interested in determining your homes value please visit @@ CHECK YOUR HOME VALUE HERE!! www.HomeValueSocal.com @@CHECK YOUR HOME VALUE HERE!!

For a detailed look at the actual Long Beach Housing numbers click on the individual links for a year to date as it compares to the historical numbers.

You may want to bookmark this post full of dynamic links which fluctuate day to day.

We are available to answer your calls 562-326-2127

New Listings

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q7kM-YP8

Active Listings

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q7ki-Ezb

Pending Sales

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q7k5-gRH

Closed Sales

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q7kW-XSi

Days on Market

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q7kp-XZ9

Months of Supply

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q7kv-wBB

Median Price Per Square Foot

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q7k9-iNS

Percentage of List Price

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q7kc-PhI

Percentage of Original Price

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q7kG-bzm

Final Median Sales Price

http://crmls.stats.10kresearch.com/infoserv/s-v1/Q79B-fQG

Long Beach Real Estate Market Update Report From Your Favorite Long Beach Realtors.

The Long Beach real estate market is fairly healthy. The median list price is $557,900 and the average home has been on the market for 73 days. In the past month, there have been 330 real estate transactions in Long Beach, with a median sale price of $510,000. The recent sales activity in Long Beach represents a +4.1% change over the prior month.

Live Update Long Beach Closed Transaction Prices The Statistics contained in this link fluctuate monthly so please check back.

There are currently 1,041 Long Beach homes for sale, which equals about 3.2 months of inventory. There are 533 detached homes for sale, 12 townhouses for sale, and 330 condos for sale. In the past 30 days, there have been 465 new listings in Long Beach, 262 price changes, 217 new contracts, and 330 home sales.

It appears that the hot market of previous months is slowly coming to an end. Not sure what the implications of carrying more than 3 months of active inventory are only time will tell.

5357 E. Eagle St Long Beach CA 90815 Is Pending!

5357 E. Eagle St, Long Beach, CA

$ Click for current price
3 BEDROOMS | 2 (1 full, 1 ¾ bath ) BATHROOMS | 1528 SQUARE FEET

 

This home is located in a Cul De Sac with easy freeway access and yet close enough to major shopping centers, CSULB and the VA. Its beach close living with out the fuss.All you have to do is unpack!

Everything has been done for you! This adorable Ranch Style house has been completely upgraded. The kitchen has granite counter tops with lots of storage in the newly redone cabinets. A quaint breakfast area lets in just the right amount of morning sunlight, perfect for the family on the go to quickly catch up in the mornings or a great place to enjoy a cup of Joe and the Newspaper on a lazy Saturday morning.

The kitchen has been opened up to allow unobstructed views of the large dining room and a living room that is inviting yet can host your large and extended family during events. Dinning room has attached shelving to display most of your prized possessions while the large fireplace will create a warm environment with the patio door open to the back yard patio. Both bathrooms have been upgraded with new vanities, tile and paint. Bedrooms have brand new floors and beautiful plantation shutters. As an added bonus the lawns are adorned with various fruit trees which are watered with the newly installed sprinkler system.

Presented By:

TeamReyes

Associate Broker
Keller Williams Realty Whittier
562-326-2127
License #: 01728066

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Schedule a Showing/Request Info

New Long Beach Listing Presented By Team Reyes!

2084 FASHION AVE, LONG BEACH, CA

$ Click for current price
4 BEDROOMS | 2 (2 full ) BATHROOMS | 1410 SQUARE FEET

 

Great Starter home This a 4 bedroom 2 bath that could use a little TLC. Within walking distance from schools and Silverado Park, this property has the potential to be a good starter home for a family.

 

 

Presented By:

TeamReyes

Associate Broker
Keller Williams Realty Whittier
562-326-2127
License #: 01728066

  • Link on Facebook
  • Link on Twiiter
  • Connect on YouTube
  • Connect on Google+
  • Connect on LinkedIn

Schedule a Showing/Request Info

In California New Construction Is Not Keeping Up With Demand!

If you have toyed with the idea of selling NOW is the time and here are the reasons why. We are in the thick of an exciting period of home buying and selling, often with quick multiple offers that are near, at or even above asking price, depending on the factors of the home and submarket in question. It was widely predicted that we would see healthy sales activity during the second quarter of 2016, and the market has not disappointed.

New Listings were up 1.0 percent for Single Family homes and 2.8 percent for Townhouse-Condo properties. Pending Sales increased 20.3 percent for Single Family homes and 10.2 percent for Townhouse-Condo properties.

The Median Sales Price was up 6.3 percent to $643,000 for Single Family homes and 3.1 percent to $400,000 for Townhouse-Condo properties. Months Supply of Inventory decreased 24.2 percent for Single Family units and 21.4 percent for Townhouse-Condo units.

Although inventory is still being stretched thin in many areas, low mortgage rates coupled with higher wages have built a relatively sturdy housing marketplace. How long that can continue without fresh supply remains an important question, but conditions are seemingly good enough for serious buyers. With the current slow state of new construction for non-rental households, the road ahead could be tricky if demand remains high. PWR_FSS_2016-05 lender mediated