AH…Pacific Beach! The surf, the waves, the boardwalk and all the assorted fun things to do here. From the surfing, to cycling down the boardwalk to Mission Beach. Great restaurants and nightclubs; it’s all here at ‘PB’, as the locals call this San Diego destination.
Located just south of La Jolla on the coastline, and north of Mission Beach, Pacific Beach has long been considered an address for San Diegans to own a second home in the form of a condominium. It is high density living here at it attracts young and old alike.
The housing market is very competitive in PB, due to the popularity from around the world.
The condominium sales numbers for last August 2013 as compared with the sales numbers for recently past August 2014 as compiled from the Sandicor MLS, indicate the following:
- · The median sales price of attached properties for 8-2013 was $427,000 vs. $541,000 on 8-2014. This represents a increase over last August of nearly 27%!
- · The percentage of listing price captured has also increased from 97.2% to 97.9%.
- · The average price per square foot has increased from $444/SF in August 2013 to $506 for August 2014!
- · The number of months’ inventory has increased from 3.8 in 2013 to 4.8 for this year.
- · The Active Listings has increased slightly from 85 in 2013 to 96 in 2014.
Although the inventory has increased slightly, the popularity of Pacific Beach remains with our buyer prospects still asking for these properties. We just sold on the 7th Floor of Pacific Towers to a very pleasant family from Arizona. They have been visiting Pacific Beach every year for 2 decades and finally decided it just made perfect sense to purchase, because there are only higher prices predicted for this wonderful, exciting and vibrant community in inviting San Diego, California!
If you are looking for a prudent investment, be it for weekly, seasonal or annual rental; call us and we will provide you with a complete list of available residential homes for purchase in Pacific Beach!
