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