90804 is east of Alamitos Blvd, and in close proximity to the traffic circle, and therefore central to everything! Its limits are defined by Cherry Ave to the west, 7th Street to the south, and PCH to the north and east. Within its limits sit Recreation Park, Wilson High, Rose Park and Redondo Ave. This is a large area that encompasses a variety of housing types from historic Craftsman Bungalows and Spanish style homes to townhouses, condos, and apartment buildings (big and small). Need a good Thai restaurant, furniture store, sandwich shop, craft barn, auto detailer, playhouse, antiques dealer, record store or dry cleaners in your life? If you love independent business and pay little heed to conformity, this area’s for you!
With all of the amenities that 90804 has to offer it’s no wonder that the average sales price of a single family home has gone up. Of course there are many other market factors that help determine this. Either way, the number are telling us that it’s good news for sellers. Can you believe that prices have gone up almost 30% compared to a year ago?! Higher prices and lower inventory (20 to 30 percent lower than this month last year) are drawing more potential buyers who are making competitive offers in order to secure the house they want. How do we know this? By looking at the percent of original list price received. The market is showing that buyers are offering 2.2% MORE than the full list price! Amazing! On the other hand, there is always the chance that a buyer will wait until the market offers more choice, however, this is always a risk that the seller takes.
Curious about where your home stands in the market? If you’re interested in having your property evaluated, contact us and one of our agents would be happy to assist you in obtaining a property value report!
HOMES FOR SALE:
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