Long Beach Home Sales Nearby Bixby Knolls for February

10 Mar, 2010  |  Written by Phil McCollum  |  under Long Beach, Real Estate News, Real Estate Prices
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Listed below are the Long Beach Bixby Knolls Area home sales closed in February 2010.

Long Beach home sales

Long Beach home sales

Address Sold Price Br/Ba YrBlt Sqft LSqft Type
5734 E Huntdale St Long Beach $390,000 2/2.00 1949 1,312 5,800 SFR/D
5138 E Killdee St Long Beach $421,500 2/1.00 1950 1,247 5,500 SFR/D
3135 Heather Rd Long Beach $430,000 2/1.00 1950 792 5,500 SFR/D
5909 E Rosebay St Long Beach $440,000 2/1.00 1951 1,394 5,400 SFR/D
5220 E Conant Long Beach $445,000 3/1.00 1947 1,280 6,000 SFR/D
4747 Blackthorne Av Long Beach $446,000 3/2.00 1943 1,651 7,260 SFR/D
3235 Marwick Av Long Beach $450,000 3/1.00 1951 1,271 5,600 SFR/D
4426 Whitewood Av Long Beach $475,000 2/1.00 1936 1,309 8,100 SFR/D
4608 Hazelbrook Av Long Beach $665,000 3/3.00 1946 2,114 7,800 SFR/D
4229 Rutgers Av Long Beach $750,000 4/4.00 1939 3,121 7,920 SFR/D

Existing Home Sales Rise 5.1% in February

25 Mar, 2009  |  Written by Phil McCollum  |  under General, Real Estate Prices
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Home sales were up in February

Home sales were up in February

More data is rolling in that potentially suggests recovery in the real estate markets.  However, once again, I remain skeptical that this data points are anything but random variations driven by such factors as massive foreclosure and not anything that suggests recovery.

The median home prices was fairly stable at $165,000 relative to $164,800 in January (this are national figures).  On a year to year basis, prices were down 15.5% from $195,800 a year ago.

The price drops may be slowing for the moment, but I fear that with layoffs and income reductions (through salary cuts, reduced benefits, reduced hours, etc) home buying is not on the minds of too many people right now.

I’ve seen through a variety of sources that another 20% drop in prices is forecast before we find the bottom.