San Diego & Riverside Counties| Real Estate Blog

Pacific Beach Real Estate

Pacific Beach is a neighborhood of San Diego, inhabited by young people, surfers, and college students. Now the population is becoming a bit older and professional due to rising property and rental costs. "P.B.," like peanut butter, but missing the jelly, is its name to local residents. P.B is home to one of San Diego's larger nightlife scenes, with dozens of bars, eateries, and clothing stores. The golden beach in Pacific Beach goes on for miles from Mission Bay to the cliffs of La Jolla. The boardwalk, running along the beach, is always crowded with pedestrians, cyclists, rollerbladers, and shoppers. Pacific Beach is one of the main centers of nightlife in San Diego. With summer approaching Pacific Beach will definitely be a busy scene!

This is a discussion on the sales prices of homes sold recently as compared to last year. In the past 90 days, there have been 23 homes that have sold and closed escrow in Pacific Beach, CA. These homes range in prices from a low of $390,000 for 2 bedroom 1 bath, and 686 square foot home on Hornblend St. With a high price of $2,696,325 for a 3 bedroom, 3 baths, and 2,396 square foot home on Ocean Front Walk. The average sold price is $841,256 the average price per square foot is $498.82 and the average days on market are 88 days. Sales price compared to list price is 95%.

During this same 90 day period last year, there were 36 homes that sold and closed escrow in Pacific Beach, CA. These homes range in price from a low of $458,500 for a 2 bedroom, 1 bath, and 864 square foot home on Noyes St. Up to the high price of $3,000,000 for a 2 bedroom, 1 baths, 968 square foot home on Ocean Front Walk. The average price of these sold homes one year ago was $881,329 and the average price per square foot was $636.54. Also, the average days on the market were 35 days. Sales price compared to list price is 94%.

Comparing these figures to the current market are the following; the average price decreased by 4.5% and the average price per square foot decreased by 21%. Comparison on the number of sales decreased by 36%.

The prices have decreased now leveling out, in line to the rest of the market. The market is starting to show signs of a higher demand for buyer  in the market.

The above statistics is a broad sample of data, to get a specific value of a home or if you are thinking of buying in this area, please contact me.

If you would like to get loan information from recommended banks, or get started and view all homes, condos, investment properties, pre-foreclosures, bank owned foreclosures (REO's) or thinking of selling your property, please visit our website at: County Properties San Diego or County Properties Riverside

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County Properties with 22 Years of experienced service of buying and selling in Real Estate. Our company agents are hand picked and trained to give you the most professional service in our industry. Although they are fully trained in the foreclosure & the regular real estate market, every agent has their own specialty; the agents all work together to give the best service in San Diego County. Some of these specialties include regular real estate and investment real estate.

High technologies is our logistical strategy, to forward our abilities and help clarify the buying and selling process for our clients to easily purchase or sell a home.

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Arnie Levine

Pacific Beach Real Estate

Pacific Beach is the most popular beach in San Diego, CA. It has wonderful oceanfront beaches as well as a residential community and homes for college students. The community extends around 3 miles along the Pacific Ocean. Pacific Beach provides dining adventure being home to many ethnic restaurants, inviting you to experience new taste sensations. Also, there are sports bars, nightclubs, pubs and coffee houses abound.

 
Here is some history on Pacific Beach. When two transcontinental railroads to Southern California were finished, land developers and speculators moved in. The first subdivision map of Pacific Beach was platted and put on the market in October, 1887, by the Pacific Beach Company. The 1887 map included more than two square miles of territory. The tract ran two and a half miles east from the ocean, and a scant mile north from the curve of False Bay (now Mission Bay) to present-day Loring Street. New subdivisions were sprouting like mushrooms all over the city and county.

This is a discussion on the sales prices of homes sold recently as compared to last year. In the past 90 days, there have been 23 homes that have sold and closed escrow in Pacific Beach, CA. These homes range in prices from a low of $415,000 for a 1 bedroom, 1 bath, and 570 square foot home on Missouri. With a high price of $5,900,000 for a 4 bedroom, 4 baths, and 3,100 square foot home on Ocean Front Walk. The average sold price is $1,177,434 the average price per square foot is $568.29 and the average days on market are 86 days. Sales price compared to list price is 95%.

    During this same 90 day period last year, there were 28 homes that sold and closed escrow in Pacific Beach, CA. These homes range in price from a low of $376,000 for a 2 bedroom, 1 bath, and 844 square foot home on Glendora St. Up to the high price of $1,320,000 for a 4 bedroom, 4 baths, 3,066 square foot home on La Marquee St. The average price of these sold homes one year ago was $851,917 and the average price per square foot was $532.75. Also, the average days on the market were 62 days. Sales price compared to list price is 94%.

    Comparing these figures to the current market are the following; the average price increase by 27% and the average price per square foot increase by 6%. Comparison on the number of sales decreased by 17%.

  The prices have increased significantly, compared to the rest of the market, high inventory and increase in foreclosures. The decrease in sales activity shows demand decreased probably due to the news on Wall Street. For the Pacific Beach area shows there has been an increase of appreciation and stablaization.

If you would like to view all homes, condos or bank owned foreclosures (REO).  Short sales, listed for sale, please visit our website at: County Properties San Diego or County Properties Riverside