90813 is a section of Downtown Long Beach that has been increasingly popular in recent years due to new, renovated loft spaces. Industrial style lofts with polished concrete floors are being built both in historic buildings (like Masonic Temple Lofts) and completely new development (like Courtyard Lofts) in and around the center of downtown, close to shopping, restaurants, public transportation, and historic communities (like Wrigley and East Village Arts District). The zip code boundaries are at 7th St to the south (and Pier B Street on the west side of the 710), Cherry Ave to the east, and PCH to the north.
Although the average price of condos has risen in the last twelve months, the beginning of this year (compared to last) has seen a LOWER average sales price. Translation: get it while it’s hot! In other words, the market has been trending up, but prices are down (at the moment), so right now would be a great time to buy before prices start to rise again. Sellers should feel good about their investment, since overall, prices are on the rise. And with the Pine Avenue Improvement Project, residents can not only expect more publicity for this area, but a more lively and versatile downtown, thus a more desirable area for buyers. Also, sellers have been receiving 100% or more of their original asking price consistently for the past year!!! The same is almost true for Single Family Residences–just look at the numbers–plus signs everywhere!
Would you buy in this area? P.S. DOMA would be your neighbor!!!
HOMES FOR SALE
[idx-listings community=”Downtown Area, Alamitos Beach” statuses=”1″ orderby=”DateAdded” orderdir=”DESC” count=”3″ showlargerphotos=”true”]