Local Market Update for May 2013

A Research Tool Provided by the Pacific West Association of REALTORS

Long Beach
Los Angeles County
May

Single Family

Last 12 Months

Key Metrics

2012

2013

Percent Change

New Listings

283

296

+ 4.6%

Pending Sales

242

271

+ 12.0%

2,404

2,517

+ 4.7%

Closed Sales

224

233

+ 4.0%

2,333

2,518

+ 7.9%

Days on Market Until Sale

82

56

- 31.7%

85

71

- 16.5%

Median Sales Price*

$355,700

$450,000

+ 26.5%

$340,500

$385,000

+ 13.1%

Average Sales Price*

$407,028

$516,168

+ 26.8%

$400,359

$442,084

+ 10.4%

96.4%

99.6%

+ 3.3%

94.8%

98.2%

+ 3.6%

Inventory of Homes for Sale

739

331

- 55.2%

--

--

--

Months Supply of Inventory

3.7

1.6

- 56.8%

--

--

--

Percent of Original List Price Received*

Thru 5-2012

Thru 5-2013

Percent Change

3,254

2,892

- 11.1%

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

May

Townhouse-Condo

Last 12 Months

Key Metrics

2012

2013

New Listings

135

133

- 1.5%

Pending Sales

102

127

+ 24.5%

Closed Sales

87

100

+ 14.9%

1,079

1,150

+ 6.6%

Days on Market Until Sale

109

67

- 38.5%

106

86

- 18.9%

Median Sales Price*

$179,000

$245,000

+ 36.9%

$180,000

$206,000

+ 14.4%

Average Sales Price*

$205,665

$278,342

+ 35.3%

$218,057

$250,652

+ 14.9%

93.4%

101.8%

+ 9.0%

92.3%

97.7%

+ 5.9%

Inventory of Homes for Sale

417

161

- 61.4%

--

--

--

Months Supply of Inventory

4.6

1.6

- 65.2%

--

--

--

Percent of Original List Price Received*

Percent Change

Thru 5-2012

Thru 5-2013

Percent Change

1,615

1,288

- 20.2%

1,089

1,175

+ 7.9%

* Does not account for seller concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Median Sales Price Single Family

Rolling 12-Month Calculation

Median Sales Price Townhouse-Condo

Rolling 12-Month Calculation
All PWR Areas
Long Beach

All PWR Areas

Long Beach

$600,000

$500,000

$500,000

$400,000

$400,000

$300,000

$300,000

$200,000

$200,000
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

$100,000
1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

Current as of June 5, 2013. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.