Chasing the Market Down...Out of a Cannon

In case anyone out there thinks the worst of the price declines are over and it’s time to “take advantage” of the deals out there, I want to provide a sample of the LB real estate carnage I receive in my Inbox every. single. morning:




1919 Beverly Way #102 Long Beach, CA 90802 (I believe we’ve featured this building before): The list price was "$315,000" and changed to "$265,000" ($50,000 reduction)





5418 Heron Bay Long Beach, CA 90803 (we’ve seen this one too): The list price was "$869,000" and changed to "$799,000" ($70,000 reduction)





1054 E 2nd St #303 Long Beach, CA 90802: The list price was "$425,000" and changed to "$350,000" ($75,000 reduction)




917 Euclid Ave Long Beach, CA 90804: The list price was "$475,000" and changed to "$381,000" ($94,000 reduction!)


A pricing bottom you say? Darlin’, we’re just gettin' warmed up.

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