Belmont Shore and Naples are unique communities on the east side of Long Beach, bordering the beach and harbor. Walking through Belmont Shore you can expect small, quiet streets packed with beautiful Spanish and bungalow style beach houses. 2nd Street runs down the center of the Shore and is a popular place for residents to shop, dine, and enjoy a game at the local bar. The south side of Belmont Shore meets the beach, where volleyball players, kite surfers and dog beach enthusiasts can be seen most every weekend. Naples is the nearby island and is connected to Belmont Shore by the 2nd Street bridge. Another quiet community, Naples features large houses near the water and is known for it’s close-knit feeling.
So let’s take a look at the market in 90803! The average sales price for a single family home was down for the month of March, but has actually increased 4.3% over the last twelve months, ending up roughly around $1 million. Amazingly, there were exactly the same amount of new listings in the past twelve months compared to the year before that, and the percentage of list price received in the past year (and in the month of March) hasn’t changed too significantly. Sellers are still walking away with 95% of the market price!
Again in the townhouse market for 90803 we see that the average sales price for a condo in the month of March is down compared to last year, however, the average sales price has made a significant increase in the last twelve months — 14.3 percent! In March there was a 50% increase in new listings and a 60% increase in closed sales compared to this month last year!!! Buyers are eager to scoop up these condos, and why not? They’re in a great location, near second street and the beach in a walkable neighborhood and close to everything Long Beach has to offer! Is your next real estate investment going to be in 90803?
HOMES FOR SALE:
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