Dataquick released their monthly update on the resale activity of homes in Los Angeles and surrounding counties. It's nice to see more positive percentages than negative, showing that the real estate market is much healthier than last year. It was only a couple years ago when I dreaded looking at this report, as most areas were consistently losing value (including my own).
Long Beach is looking great, with all but one of it's zip codes in the green. 90815, home to Long Beach State University (go 49ers!), is seeing single family homes selling 22.1% higher than October 2012. This number was calculated from 50 sales, which is a very healthy data pool to sample from. 90805 and 90808 also experienced a large number of home sales; 40 and 42 respectively. While both areas are performing better than last year, 90805 is up an impressive 23.5%. Surprisingly, the beach area, near Naples and Bixby Knolls, was the only zip code in Long Beach that was down from last year. 90803 single family homes sold for 9.1% less than last October, with an average sales price of $775,000.
All in all, I'm happy to report, yet again, that So Cal real estate is back with a vengeance. This is something we can all be very thankful for this Thanksgiving.