Posts from — February 2011

What if Long Beach had a Real Ocean Front?

What would a Real Beach do for Long Beach?

 Have ever thought what impact a real Beach might have on Long Beach?

Seriously, do you think have a natural; un-obstructed ocean would be good for us?

 I do!

 I was just up in the Marina Del Rey / Venice Beach Area doing an appraisal of an Oceanfront Condo. As I stood there and looked out the window, I thought how great the view was. No Breakwater, the real sound of waves crashing on the beach.  Then, when I was outside, there were people all over, walking, jogging, surfing. I walked down to the Venice Pier and looked around at all the activity. I thought of Belmont Pier and what a waste of a good thing it is.

 Just think if we had that kind of activity here. If Long Beach actually became a destination location for its beach. Wow! Crazy!

 What do you think this would do to real estate values?

 I would love to have your comments.

Here are a few shots I took of Long Beach this past December, 2010

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February 22, 2011   No Comments

Double Dip?

There is a lot of talk about a “double Dip in the Housing market over the past few weeks.

Here is a Link to a story on CNBC.  Price Drop Points to Likely Double Dip in Housing Market.

So this got me think about the overall market here in Long Beach.

First, I wanted to look listings this year to new listing last year. As we can see, the chart shows that listing in the early part of this year were above the previous years, but the past 60-90 days we have seen a drop in new listings below the previous year.

This next chart really shows us something. This is the median price compared to a median price compared to the previous year.

If you would like some information like this or assistance on any Appraisals in the Long Beach/Lakewood Area, give me a call. Craig 562-673-1138 or go to www.wallaceRES.com

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February 2, 2011   No Comments