Pacifica CA, 2016 Real Estate Market Report Sale Summary
Pacifica CA - 2016 sales remained stable since 2012 when the real estate market in the San Francisco Bay Area finally robustly rebounded after undergoing the worst real estate market nightmare in 2006 when the housing market started to decline and as you can see in the chart 2008 was the worst of all years.
After that, it wasn’t until the beginning of 20012 when the short sale and REO homes inventory begun to sell. Since then and within the past two years, homes in Pacifica are showing a steady inventory demand and robust seller's market.
Type of data and source:
Data obtain from MLS Listings
Data time frame: Jan 2003 to Dec 2016
City and Zip Code: Pacifica, 94044
Property Type: Residential
Property Sub Type: Single Family Home
Results calculated from 3,964 listings
Pacifica Real Estate Market 2016
Let's take a look at the real estate market in Pacifica in 2016. Here is a summary of last 12 month for 94044 zip code.
The Graphic above shows the number of active homes for sale in Pacifica VS the number of home that sold each month during 2016
Pacifica real estate market showing the past three years monthly inventory
|Month||Months of Inventory 2014||Months of Inventory 2015||Months of Inventory 2016|
How are months of inventory calculated?
The number of active homes listed during the prior month is divided by the number of homes sold and pending for the same month = supply or months of inventory. This report can be customized for a city, zip code or price range.
For instance, if we had 250 active listinsgs during the month of December, and 125 sold and pending sales. Months of inventory is 250 divided by 125 =2 months of inventory which is a seller’s market
Homes Sale Volume in Pacifica Neighborhoods
The chart above shows the neighborhoods in Pacifica with the highest sales volume. Linda Mar, Fairmont, Park Pacifica and Westview are the winner with the largest homes sale volume.