Alamitos Heights Long Beach

Your Neighborhood Blog by Craig Wallace Group

Tag: Long Beach homes for sale

Cost of Land in Alamitos Heights?

I often get asked what the Land Value or Lot Value is in Alamitos Heights. Well now we have two good comps for that. Both have recently had the structures demolished

The most recent is 5473 E. 4th Street. This property recently sold for $703,000. The lost Size was 6,483 SF. The original List price was $850,000, then dropped to $749,900. The Cost per SF of land is $108/sf.

Before

5473 4th street alamitos Heights

Current

4th street Alamitos Heighs long beach

The second property was 5525 e. 4th Street, this sold back in June of 201 for $711,000. It was originally listed for $725,000. The lot size is 6,483 Sf. This works out to $110 SF (rounded)

Before

5525 4th street Alamitos Heights

 

Current

20150528_112425[1] 20150528_084606[1]

 

 

It will interesting to see what is built on these two lots, Stay tuned.

Remember, if you are thinking about selling or buying in Alamitos Heights, contact me, I am the Local Expert, a Resident and a Certified Appraiser.

 

Marine Stadium Farmers Market

One of the best things about living in Alamitos Heights is the Wednesday Farmers Market.

I hope you enjoy this video that was shot and edited by a local Alamitos Heights teenager.

 

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Remember, if you are thinking of selling, now is a great time. Call me for a free private evaluation of your home and a market update. Remember, I am a Alamitos Heights Resident since 1996. A Realtor, and Certified Appraiser.

Alamitos Heights year end Stats, new Listing coming up.

I have been trying to get this post out for awhile.  So, lets not waste anymore time!

2014 was good year for AlamitosHeights. We had 24 sales. This keeps up with average we have seen over the past few years and is a consistent rise since 2012.

 AH_2014

Sales_Per_Year

all_sold

The Lowest price was $554,000 and the highest price was $1,275,000.  The average price is $901,979, and the Average Days on Market was 69 days.

 

sold

 

September has the most closed sales with 4. This means these homes were active during the summer “selling months”. However, April, July and December each had 3 closed sales.  I think the story here is, if you have a home with good appeal to the market it will sell at any time.

sales_per_month

My favorite graph is the one below. This is a historical scatter graph that shows all the sales since 2001. You can really see the ups and downs of the market.

 All Sales since 2001

 Something I hear all the time from owners is, “ Zillow says my home is worth, such and such”  Since I am also a Real Estate Appraiser, I find this chart interesting. I always tell people to lean to the conservative side when looking at a Zillow “Zestimate”.  What do you think?

 zillow_vs_sold

 Some of you may have stopped in while I was holding an open house at 750 Havana Avenue. What was confirmed is that there are A lot of people that want to live in AlamitosHeights.  If you have thought about selling, now is still a good time.

 

download

Speaking of selling; I have a new listing that will be coming on the Market on Orlena Ave. This is a 3 bedroom, 3 bathroom home with a Lap Pool and a Studio off the back of the garage(buyer to verify permits) If you know of anyone looking have the contact me.

 

3rd Quarter Market Update.

So what has been happening in Alamitos Heights?

I tried a new service from Fiverr.com to make this great little video below. I did not want to use my voice for the voice over, but next time I will. After a few rounds of revisions, the voice over guy just could not get the correct pronunciation of “Alamitos”. I guess when you grow up in Southern California, you are used to the latin pronunciation of words and you don’t have to think about them.

Now for the update.

We seem to be in a state of  transition, we are not seeing the rapid price appreciation of years past. We hare heading to a more normal market. Values seem to be hitting a plateau.

all sales since 2001

  ( click on picture for larger image)

 If we look at the List price versus Sold price graph below, we can see that the majority of homes are selling below list price, with a few exceptions. One being 528 Havana Avenue, this solf for $200,000 over asking price!  I think it had to do with the fact that this home sits on large lot. The other large lot sale was 680 Havana Avenue. This home could have sold for more, but it is located one house south of 7th Street.

sold v list

 ( click on picture for larger image)

This next chart shows us Sales by month, but what we really like to see is the number of sales per year. This year we have 15 closed sales. With the 3 pending and 3 active listings, we could be on track to end the year with 21 sales. This would put us close to sales of the past 3 years.

sales by year

 

sale per month per year

( click on picture for larger image)

What does all this mean to you? Simple,  SELL! If you are thinking about selling, now is the time. If you are thinking about buying, now is the time. Mortgage rates are predicted to move up, and when they do, your purchasing power moves down.

AH_September

What Makes Alamitos Height a great place to live?

What makes Alamitos Heights a great place to live? The neighbors.

The 400-500 block of Los Altos recently had a Pink Flamingo Party. Basically, if a placstic Pink Flamingo shows up on your yard, you have to host a “Bring Your Own ( beer, food, soda) party in your front yard or driveway.

Along this same line, the 300 Block of Los Altos had a Street Drive way party over Labor Day Weekend. This usually starts around 6 and goes to about 10pm. These little gatherings are a great way to meet your neighbors. So get out there and have a Party, but be sure to invite me!

Alamitos Heights Party

Los Altos Avenue Alamitos Heights Long Beach

 

 Alamitos heights long beach, real estate agent in long beach, homes for sale in long beach

Hot Real Estate Market, 4th of July Block Party, Santiago Ave Water Line Repair? Sharks in Colorado Lagoon!

Hipsters in Long Beach

Alamitos Heights is in high demand. There are more buyers then sellers. Good properties are selling within 2 weeks, some faster. I have been holding open houses on a Listing( not mine) on Los Altos Avenue. I am speaking with people that have a strong desire to move into out neighborhood. Some are first time buyers, some coming from Belmont Heights and Belmont Shore. They are drawn here for the schools, the larger lots, the neighborly feel. (nothing new to those of us that live here). What does this mean to you? Values are still moving up.

If you know of anyone, who is slightly thinking about selling, now is the time!

I will be doing a more detailed post of the market in the next few weeks, so stay tuned.

Once again it was time for the Annual 4th of July Block party on Los Altos Avenue.  The fun started at 2pm and went well into the night with a movie screening. Fire Station 14 came by to cool things down. The kids really loved this.

Alamitos Heights 4th of july Alamitos Heights Block party

 

What is up with Santiago Avenue?

Things seem to be moving slowly for the valve replacement at the intersection of 4th Street and Santiago Avenue.  I spoke with Louanne Bean, the information contact for the project.  Ms. Bean stated things should be complete in another 3 weeks. Santiago avenue will be open at the end of each workday. If you have any question, call her at 949-293-6193

The Colorado Lagoon is now cleaner then it has been in years. My son and I went fishing on Sunday afternoon and had a great time. We are strictly catch and release. Did you know there are Sharks in the Lagoon? We caught 2, this was a surprise, but nice to see.

Fishin the Colorado Lagoon

 

If you are thinking about selling your house, and would like to know the current market value or discuss a sales plan, call or email me. If you know someone who wants to move to our wonderful neighborhood, call me, I would be happy to help find them a home. Remember, I am a  Long Beach Real Estate Agent, Certified Appraiser, and a resident of Alamitos Heights, Long Beach.  I know values. Call me for all your Real Estate needs 562-673-1138

 

Alamitos Heights, Belmont Park and Belmont Heights.

I like to make graphs, they tell a good visual story. While I was on Spring Break with the family, I wanted to do a graph of the surrounding neighborhoods to see how they all relate to each other. I decided to go back 5 years to get a good visual picture. (click on graph for larger image)

Belmont Park Heights AH Shore

As you can see, Belmont Park seems to be trending a little higher then Belmont Heights and Alamitos Heights. What this also shows it that values are still on the rise. We still have a shortage of listings. This is especially true in Alamitos Heights, we have more buyers then sellers.

The most recent closed sales in Alamitos Heights are:

427 Manila Avenue – $949,000 – 4 Bedroom – 2 Bathroom – 2,748 SF – 4,253 SF Lot

359 Panama Avenue – $585,000 – 2 Bedroom – 1 Bathroom – 823 SF – 3,179 SF Lot

There are 5 Active Listings and 2 in Pending/Backup Status.

The highest sale in the Alamitos Heights, BelmontPark, BelmontHeights area was 5041 Vista St. This sold for $1,870,000. It was 3 bedrooms, 2 Full baths, 2 Half Baths, 3,800 SF on a 7,000 SF lot and had a basement/den with a Bar!

 

5041 front

5041 bar

If you are thinking about selling your house, and would like to know the current market value or discuss a sales plan, call or email me. If you know someone who wants to move to our wonderful neighborhood, call me, I would be happy to help find them a home. Remember, I am a  Long Beach Real Estate Agent, Certified Appraiser, and a resident of Alamitos Heights, Long Beach.  I know values. Call me for all your Real Estate needs 562-673-1138

Real Estate agent in Long Beach

New Trees, New Sidewalks and a New Council Member!

There is a lot that has happened in Alamitos Heights in the past few weeks.

First of all, Alamitos Heights Resident, Suzie Price was elected as our new 3rd District Council Member. Congratulations, and may the repaving of our streets continue!

suzie

Next, you may notice a few new Magnolia Trees were planted this past Sunday. We have recently had numerous old and dying Trees removed by the city, so I it is great that some new ones have been planted. I think the Magnolia trees add a distinct look to our neighborhood.

DSC06405

Also, there was an AHIA neighborhood meeting with Council Member Gary DeLong. There were some “spirited” conversations about Dunkin Donuts and what impact it could have on our neighborhood.

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Last, Ultimo Avenue is in the process of getting new sidewalks installed. This is part of the Annual sidewalk repair budget. Future improvements will be to Repave 6th Street and add Roundabouts. Stay tuned.

DSC06404 DSC06403

If you are thinking about selling your house, and would like to know the current market value or discuss a sales plan, call or email me. If you know someone who wants to move to our wonderful neighborhood, call me, I would be happy to help find them a home. Remember, I am a  Long Beach Real Estate Agent, Certified Appraiser, and a resident of Alamitos Heights, Long Beach.  I know the area. Call me for all your Real Estate needs 562-673-1138

What is up with the New Coffee House on Nieto?

Driving from Alamitos Heights towards Lowell Elementary and Rogers Middle School on a daily basis, I have noticed the project on Nieto has been stalled for some time. So I stopped by to take a look. See the concept here, click on this link http://www.ultra-unit.com/Greenbelt_Coffee.html

I called the Architect ( Ultra-Unit) that is listed on the project sign to ask him a few questions. Cameron said that work will resume in the next few weeks. I asked him about the concept. From what he knows about the project, the owners plan to focus on breakfast and lunch, as far what the menu might look like, he does not know. As soon as I find out more information, I will post it here.

20140328_084135 20140328_084047 20140328_084109

Projects like this are what make living in Alamitos Heights so great, an new local spot for neighbors to meet.

If you are thinking about selling your house, and would like to know the current market value or discuss a sales plan, call or email me. If you know someone who wants to move to our wonderful neighborhood, call me, I would be happy to help find them a home. Remember, I am a  Long Beach Real Estate Agent, Certified Appraiser, and a resident of Alamitos Heights, Long Beach.  I know values. Call me for all your Real Estate needs 562-673-1138

 

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