With the economy leaving many areas throughout the nation to take a hit, the Long Beach area has been no different. However, California homebuyers looking to purchase a home in the area have ample reason to celebrate as the Long Beach real estate trends for fall 2011 continue to favor buyers.
The most recent release of real estate statistics in Long Beach showed that the average listing price in for the area was $423,611, which is a 1.2 % decrease in the average sale price from the week before. In layman’s terms, the average home price in Long Beach dropped more than $5,300 in the course of 7 days. Also, since October 19, the average price for a home for sale in Long Beach dropped from $430,000 to less than $424,000.
An additional factor which could