Pacifica REAL ESTATE MARKET TRENDS REPORT
Pacifica Single-family Homes Market Summary for January and February 200.
The current market type for the city of Pacifica, California: Sellers Market with a 105.6% in January 202 and 109.4% in February
Pacifica Real Estate Market Review
Days On The Market
In Pacifica, Homes are selling so far this year an average of 107.5% above asking price.
The average Pacifica Single-Family home the median sale price was $1,018,000 in January and February $1,200,000.
Sales price Vs. List Price
The housing market in Pacifica and all over the Bay area, it's healthy, as it shows in the recent data in 2020. A 30-year fixed-rate mortgage today is 3.7% that will start demand, affordability, and creating an opportunity for households shifting from the costly rental apartment with one or two bedrooms for a young family with one or two children when they begin to need more space.
30-year Fixed-rate Mortgage
The new low rates and available entry-levels new home from home builders creates an opportunity renter to become new homeowners.
The most significant supply of homes is still in existing homes. The aging millennials who have higher income today and in need of moving to home affordability is making ownership pretty attractive. The aging millennials who have higher income today and in need of moving to home affordability is making ownership pretty attractive.