1st Quarter Update from The Whipple Group
Can you believe it is April already?
Beatrix discusses the market, what we’ve seen in the first quarter of 2019 as well as exciting things going on with The Whipple Group!
Last month marked the end of the first quarter in 2019! Time sure flies!
We headed over to The Hangar at LBX where Beatrix breaks down the current real estate market and what that means for buyers and sellers moving forward.
Overall, the first quarter was very exciting for real estate.
Currently, interest rates are lower than they’ve been in 15 months. They are just barely over 4% - 4.08% is the current average 30-year fix which is incredible. What that has resulted in is more and more sales every month. We rounded out last month with 251 sales in Long Beach, which is a pace up from where we started in January, which was 191 sales. Also, the average sales price jumped from $580,000 to $625,000.
As far as The Whipple Group, we won some awards in January, we have had several listings come on the market and we have sold almost all of them with multiple offers!
If you are starting to look or wonder what the rates mean to you, please reach out, we would love to help!
LBX is located at 4069 N Lakewood Blvd, Long Beach, CA 90808 and is open from 8am to 9pm daily.