Long Beach Real Estate: The Short and Long of It.

According to Coldwell Banker Sand Dollar Real Estate, Long Beach Island is likely to see an increase in sales prices. The shortage of homes for sale combined with discriminating buyers is creating an increase in sales prices and an increase in the number of days a property stays on the market.

James Bridges, a Long Beach realtor, reports that Long Beach real estate inventory is moving quickly. Bridges explains that there are several sub-areas of Long Beach. These areas include Rosa Parks, which is close to the ocean and popular for its Craftsman homes and Bixby Knolls, which is a "premier suburb," according to Bridges.

Bridges also says that "there are amazing Long Beach Condos available." Condos in the downtown area are well priced and move quickly, with some buildings appreciating 14% in six months.

When it comes to inventory, Vicky Spivey insists that it is headed downward. Properties are staying on the market for only an average of 48 days. According to Spivey, the median price of homes in January 2005 was $474,280 for a single family home, whereas the price in 2004 was $404,460. Needless to say, there was a definite increase.

Rakesh Chopra also offers reasons for the popularity of Long Beach. Chopra comments on the diversity of its population and the amazing variety among property styles and types. Long Beach is situated between three highways (the 710, 605 & 91) and the ocean.

With the above factors considered, the Long Beach real estate market is strongly preparing for the Spring Market.