Homes near Cal State Long Beach under $500,000...Look Hard

Right now the opinion of the media and most consumers is  that there are "homes listed on every street". The truth is that we do have more Long Beach real estate available than we have had in years, however, it may not be as extreme as many think. We have just over 1,700 homes and condos available for our fair city, but we are a city of over 500,000 people. Compare this number with inventory levels of over 4,000 properties available in the early 1990's and you realize we just don't have many great properties to look at.

For illustration of the actual inventory that is available, let's take a couple of popular areas and a common price range. The Plaza area, Los Altos and Rancho areas of Long Beach are known of wonderful tree lined streets, good schools, and usually tough for the first time buyer to get into. But now that the market has had some tough times, there should be 100's of homes......right???

• Criteria: Homes under $500,000, minimum 2 bedrooms, 1 bathroom
   
• Total Homes available: 11
   
• If you wanted a 2nd bathroom, you would have just 2 options!

The areas that are traditionally in high demand are still in high demand.  Low inventory in areas like Los Altos and the Plaza means when properties become available close to $400,000 there are often multiple offers.  Keep a close watch on the inventory using the Long Beach MLS or call us today and we can watch it for you!

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