The San Diego Real Estate Insider Blog

San Diego real estate market trends, valuable news about short sales, including foreclosure information in the San Diego county plus much more.

April 24, 2012

Is It Time to Buy or Sell in Poway?

The real estate market in Poway seems to have bottomed out and is slowly beginning to show solid gains in the sale prices.   The worst has passed and now comes the time to decide when to dive into the pool again.   With future job growth of 23 percent expected, the real estate market will surely begin to show increases again making this a promising real estate market.

Selling Your Home in Poway

For those thinking of selling their homes in Poway, this is a good time to do so.  While sale prices are beginning to show an uptick, list prices are steadily increasing.  The average sale price of single family homes and condominium homes sits at about $620K and $225K, respectively with homes staying on the market for about 87 days.  Both prices reflect an increase of about 10 percent overall from the previous month and about 7 percent over last year.  The key is for a seller is pricing.  Our staff of knowledgeable professionals knows the real estate market and can help you craft a plan to list, market, and sell your home in Poway.   We know how and where to market your listing for maximum effectiveness. 

Buying Real Estate in Poway

Home buyers interested in buying a home in Poway should strongly consider doing so now.  Sale prices are beginning to show increases, and will continue to grow over the next couple of years.  This makes it a great time to get a good deal.  Listings sit on the market for about two to three months.  First time buyers can still come into Poway as prices for condominiums and townhomes start in the upper $100s and single family homes start in the high-$300s and low-$400s.  Seasoned buyers can still expect to pay slightly less than they would have several years ago.  Our agents are very capable of helping you make a sound decision about what you are willing to pay for your largest investment.

There are foreclosures and short sales throughout the entire Poway area providing many opportunities for buyers to get “more house” for their investment.  With the number of foreclosures and short sales, buyers can buy “up” in more affluent neighborhoods.   As always, with distressed properties, it is necessary to remember that these transactions take patience, attention to detail and good timing.  All of our agents are established in the Poway real estate market and can provide their clients with current updates on distressed properties.

Relocating to Poway

Poway is an affluent suburb of San Diego with gorgeous neighborhoods all around.  Additionally, the school system in Poway is one of the best in the area and is a big draw for families moving to San Diego.  From family-oriented neighborhoods in gated communities with outstanding amenities to smaller, quaint homes, our agents know the ins and outs of the area and can provide you with all of the information you need to make your move to Poway virtually effortless.

The real estate market in Poway offers a lot of options to sellers and buyers.  With a short life on the market, selling and buying is a relatively short process for buyers and sellers alike.  Poway is an excellent city in the San Diego metro area.

April 24, 2012

The Conveniences of a City with the Feel of the Country

Welcome to Poway, California!  Located in the northern inland section of the San Diego metro area, Poway’s motto is “City in the Country” primarily because it offers all of the conveniences and close proximity to living in a major metropolitan area even though it is situated in more of a country like setting.  Poway is just 20 miles northeast of downtown San Diego and is easily accessed by the surrounding highways and major thoroughfares.  The city’s population resides on just 50 percent of the space in the city of Poway while the other half is preserved as dedicated open space. 

Highlights of Poway

Poway is a perfect place to plant roots.  It offers so much for families including parks, an excellent school system and the feel of a close knit community.  No wonder those who live here love it!

One of its biggest highlights is the Blue Sky Ecological Reserve.  This 700-acre reserve is a riparian habitat with numerous trails throughout the reserve for hiking and biking.  Other outdoor areas including Lake Poway and Goodan Ranch offer more trails and areas for biking, hiking, fishing, horseback riding, and more. 

The Poway Community Park is a hub of activities with a skate park, swim center, playground and more.  Within the park is the award winning Poway Dog Park.  The dog park has three fenced-in areas each with a water source (dog lick faucet), picnic benches, and space for dogs to play, run around, and have fun. 

In addition to the recreational activities, residents have easy access to retail, restaurants, and other services at shopping centers like Creekside Plaza and Old Poway Village.  Although many residents enjoy heading to nearby areas for shopping, Poway has all of the necessary conveniences of a bigger metro area.

Business is bustling at the Poway Business Park where 462 businesses provide a mix of commercial and retail.  In fact, it is interesting to note that unemployment in Poway is only 6 percent which is lower than the national average and foresees future job growth at about 23 percent in the near future. 

Finally, there are several annual events that are very popular with the residents of Poway as well as nearby towns.  They come to Poway to enjoy the Fourth of July festivities, Train Song Festival, Christmas in the Park and the Youth Fishing Derby, just to name a few.

Where the Residents of Poway Live

Poway offers so much to its residents in terms of climate, atmosphere, a top notch public school system, and housing.   While there is a mix of housing in terms of single-family homes, condominiums and townhomes, over 80 percent of the housing in Poway is comprised of single-family homes.   Many of the neighborhoods feature medium to large elegant homes.  Several of the more popular neighborhoods include Green Valley, The Heritage, and Adobe Ridge.  Single family homes are priced between the high-$300s and the multi-million dollar range.  Condominiums are priced, for the most part between the high-$100s and mid $300s in communities like Heritage Hills, Park Meadows and the Square. 

The People of Poway

The almost 50,000, racially diverse residents of Poway are mostly families who enjoy the activities in their community.  With a median household income of about $90K, this affluent community features mostly people in white collar jobs who are, on average, 36 years old.   The higher income allows the residents to afford the slightly higher cost of living in Poway.

Poway IS California

A family-oriented community, Poway provides a wide range of housing, shopping and recreation opportunities.  Poway has sensibly maintained a good balance of growth and a nice quality of life; it affords an ideal place for succeeding.  This is what California was meant to be.

April 23, 2012

Real Estate in Poway

Located in the north inland section of the San Diego metro area lays the city of Poway.  It is commonly called the “city in the country” because it lies in one of the nicest sections of the area that seems to be a little out of the way but is still close to the conveniences of San Diego. 

Poway is a very affluent area of the metro in which the median household income is about $90K and most of the employment is white collar.  Half of the 39 square miles that Poway encompasses is preserved as dedicated open space leaving the other half to accommodate the housing for the almost 50,000 residents.

Neighborhood Highlights of Poway

There are many housing options in Poway from single family homes to condominium and townhome communities to a few mobile home or manufactured housing communities.  Single-family homes represent about 80 percent of the housing and start in the low to mid-$300s and climb well into the multi-million dollar range.   Some of the more popular subdivisions in Poway are Green Valley where homes are priced starting at about $600K.  Adobe Ridge and Lower Windmill feature homes starting slightly less in the high-$400s and low-$500s.  Other affluent subdivisions where homes average over $1 million are areas like Country Squire, Green Valley Estates and The Heritage. 

In terms of condominiums and townhomes, the list prices start in the mid-$200s and climb to just $400K however, a condominium home can be found under $200K once in communities like Park Meadows.  List prices start in the low to mid $200s in communities like Country View, Stoneridge Chateaus and Amesbury Court.   Homes in affluent communities such as Heritage Hills and The Square start in the low $300s.

As for mobile home/manufactured housing communities, they are priced from the upper-$70s and to mid-$80s.  While they are nearly as prevalent, there are enough to warrant mention.

Real Estate Information

Because Poway is a very desirable location in the San Diego metro, the homes and condominium communities reflect this desire.  The most recent information indicates that single family homes have a average sale price of about $620K which is up slightly from previous month.  As for condominiums and townhomes, the average sale price sits at about $225K which also points to an increase over previous numbers.  Overall, the average number of days on the market sits around 87 days on a rolling three-month average.

The job market looks promising with future job growth of 23 percent increase expected over the next few years.  Indicative of that will be the housing market.  As with most areas throughout the country, the real estate market seems to have bottomed out and although it is not rebounding at a pace most would like, it is likely to begin to show solid gains over the next couple of years.

A Great Place to Live

Poway is a great area to live.  Although the real estate market here is slightly higher than in many other areas of the San Diego area, there is opportunity for home ownership for just about everyone from first time buyers to buyers seeking bigger and nicer homes.   If you are looking for a very family-oriented community with an excellent school system, Poway is a definite possibility. 

April 13, 2012

Southern California’s Hidden Gem…Escondido

Tucked in the northern part of the San Diego metro area is a city called Escondido.  In Spanish, Escondido means “hidden” which is the perfect name for its location as it is situated in a shallow valley of avocado and citrus groves encircled by rocky hills.  Its location is about 18 miles inland from the Pacific coast, 100 miles south of Los Angeles and 30 miles north of San Diego. Escondido is an ideal locale for residents who want to be close to everything a large metro area has to offer while living in a quiet suburban setting. 

The climate offers a nice range of temperatures with very little rainfall – only 15 inches total throughout the year.  Average lows dip as far as the low-40s in the winter months and climb as high as the high-80s in the summer.  Escondido is definitely a city that is conducive to “sweater weather.”

So Much to Offer

For those not familiar with Escondido, it offers the perfect mix of a small town atmosphere and big city excitement.  First of all, culture and arts are abundant in this urban oasis.  The California Center for the Arts, the Escondido Children’s Museum and Escondido History Center are situated in the center of town and draw patrons from all over the metro area. 

Other favorite enticements of Escondido include the 15 parks one of which is Grape Day Park, a huge park surrounded by the aforementioned cultural venues .  In addition to the huge trees and enormous green space, the park features art, memorials and Vinehenge, a fun playground with activities including hidden treasures for kids to find.  There are also activities for adults like a giant chess board where the king is over three feet tall; giant checkers; giant dominos; horseshoes and bocce ball.  The park also plays host to a lot of events throughout the year including an Easter egg hunt and other festivals and summer movies.  Fun recreational venues include the Iceoplex Ice Center, Escondido Sport Center situated within the Kit Carson Regional Park and several nice golf courses throughout the area.

Escondido also has an active downtown area with quaint shops, cafes, galleries and restaurants.  Every Friday between April and September, Cruisin’ Grand takes over Grand Avenue and is an event where the public shows and views hot rods and historical cars lined along the street.  There are also fun festivals throughout the year like the Grape Day Parade and Festival, Festival Escondido and First Night Escondido.   Just like most cities in southern California, Escondido features an awesome farmer’s market downtown every week.

Lastly, it is important to note that the Stone Brewing Company, the country’s 14th largest craft brewery is headquartered in Escondido.  Not only are they known for their popular beer, they are considered a very ecofriendly company noting that they covered the roof of the brewery with solar panels and cut their energy costs in half and their carbon footprint by 538,000 pounds.

The Resident “Escondido-ans”

The people who make up the population of 142,000 of Escondido consist of a very diverse population with incomes of all levels.   The median age is about 31 years old and the median household income is just under $65,000 (Escondido Chamber of Commerce).  In terms of employment, there is no specific industry that stands out as a major force in driving the economy of Escondido.  The largest employers are Palomar Medical Center, Escondido Union School and High School Districts, and the City of Escondido.    

Neighborhoods

Escondido comprises five areas:  North, East, South, Southeast and Southwest.  The interesting characteristic throughout the entire city is that each area has neighborhoods featuring homes in all price ranges.  Homes on the market start in the low to mid-$100s and come close to the $3 million mark while condominiums are priced well under $100K and top $300K. 

So Close Yet So Far

Homes in Escondido combines the best of living in a suburban area with the excitement, arts and culture of a metropolitan city.  The best part is that you are just far enough out of the city of San Diego to live an easier lifestyle but still close enough to be able to buzz down to San Diego when you want more action.  Escondido is definitely a hidden gem…when you discover it, you want to keep it hidden so that it maintains the charm and quality that grows on its residents.

April 13, 2012

Selling and Buying Real Estate in Escondido

The real estate market has shown a small increase over the past year with the average sale price rising over 4 percent and the average number of days on the market dropping from 138 days three months ago to 87 days just a month ago. Escondido also features a broad spectrum of prices that fit most every budget.

Selling Your Home in Escondido

Because there has been an uptick in the average sale price of homes in Escondido, if you have considered placing your home on the market to sell, now is the time make it happen.  Homes in this area typically sell in less than three months which is fairly quick.  According to the latest statistics, the overall average sale price in Escondido is just over $295K.  The biggest increase over the last three months has been in the north section of Escondido while that of the last 12 months was in the south section which showed a 35 percent gain. 

With the Escondido real estate market becoming more active, overall, it is important to work with a reputable and knowledgeable real estate agent who can help you lay out a plan to list, sell and market your home in a competitive manner.  Our agents are qualified and experienced in the Escondido area and will be a great resource for you. 

Buying Real Estate in Escondido

Although it is a good time for sellers to consider listing their homes, it is still, by all means, a great time for buyers.  Home prices have shown strong signs that the market has stabilized and is ready to turn the corner.  So if you are interested in buying or upgrading in Escondido, do it now.  Homes are selling much faster with less than a three-month turn around making it essential to be ready to pull the trigger when your dream home is found.   Let one of our agents provide you with the necessary information to find the perfect home in Escondido.  We have insight and expertise in this area to get you the most house for your money and find the perfect neighborhood to fit your needs.

In terms of foreclosures and short sales, any of our agents can help you with the most recent updates on distressed properties and can help you find the perfect home for a great deal.  They are out there and can be purchased at discounted prices.

Relocating to Escondido

Because relocating anywhere takes patience and lots of time, it is necessary to work with someone who can answer any questions and even assist you with anything related to your move.  We have the ability to help make your move less stressful.  A pain-free move makes the whole event a positive one.

Escondido has so many options within their real estate market that most anyone has the opportunity for homeownership.  It is no wonder that over half of the residents are homeowners.  This is a wonderful place to call home so check out Escondido.  It is a great place to live.

April 13, 2012

Real Estate in Escondido Has Something for Everyone

Escondido is one of the larger cities in the San Diego metro area.  It is located just over 30 miles north of the city and is hidden among avocado and citrus groves in a valley.   The real estate market has property to fit every budget.  From small condominium homes to huge lavish estates, it is easy to see why so many people love living in Escondido. 

Divided into five main areas of town, Escondido features every size, shape and style of home. In addition to nice sized single family homes scattered throughout the city, condominiums and townhomes are plentiful and affordably priced.

North Escondido

The north end of Escondido features some of the most beautiful neighborhoods with single family homes and condominium communities scattered about.  Most of the single family homes in this section start in the mid to upper-$200s in neighborhoods like Emerald Heights and Escondido Hills with other homes in more affluent neighborhoods like Rimrock Estates and Alta Vista Acres starting in the upper-$800s to low-$900s.  The most expensive homes in north Escondido start at over $2 million. As for condominiums and townhomes, there are several communities like Circle R Townhomes and Buena Ventura condominium community that have units starting in the mid to upper-$200s while Via Verde and Rancho Escondido are 55+ communities with homes starting in the mid-$100s.

East Escondido

Another section that offers some of the most beautiful estates is the eastern part of Escondido. Neighborhoods like Old Guejito and Bear Valley Oaks contain homes valued from the mid-$600s to over $900K.  Condominiums and townhomes in communities like Allegro and Villa Espanas feature homes starting in the low to mid-$200s.  The highest price single-family home in this part of town is listed at almost $3 million with the highest price condominium priced just under $300K.

South Escondido/Southwest Escondido

South Escondido includes elegant homes in subdivisions like Canyon View and Lake Hodges Estates starting in the mid-$900s.  Mid-priced homes start in the mid to upper-$400s in Montclair and the mid-$500s in Rancho Verde.  The highest priced home on the market is listed just under $2 million. 

Southeast Escondido

This section of town features homes that are more reasonably priced to accommodate mid-ranged home buyers.  Rancho San Pasqual and San Pasqual are two popular neighborhoods in this section of Escondido with homes starting in the upper-$300s to upper-$400s. Sonata is another popular neighborhood with homes priced similarly.

The Nitty Gritty of the Market

While the list price of homes varies greatly in Escondido, overall, this area of southern California is a very affordable place to live.  The overall average sales price is about $295K which is up over 5 percent from last year.  The overall average number of days on the market is just under 90 days which is down significantly from the 138 days just three months ago.

Settling in Escondido

If you have a desire to live a quieter, easy-going life, then consider Escondido.  It has the atmosphere of a small town with all of the activities and events throughout the year but still maintains the energy of a large city.  Its central location about two hours south of LA and just 30 minutes north of San Diego makes it an ideal spot for commuters as well.  Once you visit Escondido, you will see what all of the fuss is about and really think about settling there.

April 12, 2012

The Big Decision – Buying or Selling in 4S Ranch

As one of the most sought-after, upscale communities in the San Diego area, 4S Ranch boasts an ideal locale that is convenient to the downtown area as well as the mountains and the Pacific Ocean.  This perfectly laid out, planned development has everything you need at your fingertips to be happy and feel safe. In addition to beautiful architecture, the homes in 4S Ranch are built with the Shelter in Place construction making the community one of only five communities with this safety feature.

Selling Your Home in 4S Ranch

For residents of 4S Ranch who want to sell, this is a good time to truly consider it.The latest statistics show that the median price of single family homes is about $600K with condominiums at about $300K.  Additionally, the average number of days on the market is just over 40 days for single-family homes and just 26 days for condominiums (redfin.com, March 2012).  Although the median sale price is down slightly, this community is heavily desired which is reflected in how long homes remain on the market.  Our agents are very familiar and experienced in helping you come up with a plan to list and sell your home to get the most out of your investment.

Buying Real Estate in 4S Ranch

On the flip side, buying a home in 4S Ranch is definitely a possibility for all types of home buyers.  From condominiums priced in the low to mid-$200s for first time buyers to multi-million dollar estates for the most particular of home owners, there is a home for everyone especially if a newer home is what you want.  But, for those strongly considering 4S Ranch, it is important to know that homes do not stay on the market for a long time so you must be ready to sign the contract.  We have specialists at 4S Ranch who can help you on your quest to find your home there.  We can provide an assessment to help you get the most home out of your investment.

In addition, foreclosures and short sales come on the market periodically.  Because 4S Ranch is so popular, these distressed properties do not stay on the market for a long time.  Our agents know the area and have all of the latest information to help you with purchasing distressed properties.

Relocating to 4S Ranch

Relocating to 4S Ranch is a great idea if you want an idyllic place to which you can move in the San Diego area.  The community is a close knit, family-friendly one with lots to do and all of the amenities and services within a short drive or walk. As for real estate, single family homes, condominiums and town home are plentiful and fit many budgets.  Our agents understand the stress of relocating and can help you with the process to make your move to 4S Ranch as easy as possible. 

Living in 4S Ranch is about as perfect a life as you can get.  With tree-lined streets winding through small neighborhoods within the ranch, you will be so glad you made the choice to move here. 

April 11, 2012

A Safe Place to Call Home -- 4S Ranch

Living in a major metropolitan area is exhilarating and exciting but at the same time it is overwhelming.  Because of that, many people decide to move to suburban areas in order to get a little bit of that small town atmosphere where everything is convenient.  They want to be able to make a quick trip to the supermarket or dry cleaners without having to sit in traffic for 30 minutes. 4S Ranch is situated in the north inland section of the San Diego metro area.  There are over 4,500 homes in this gorgeous upscale planned community that is located near everything including the San Diego Zoo’s Safari Park, the Pacific Ocean and the downtown area of San Diego.  

Neighborhood Amenities

The most notable characteristic of 4S Ranch is its unique design.  4S Ranch is one of a handful of communities in the metro area that is designed and built according to strict construction standards that make the community “fire safe” under the concept known as Shelter In Place program.  This construction concept was especially created to make homes protected from wildfires which are so prevalent in southern California. 

Other highlights of 4S Ranch include 4S Commons Town Center which is the hub of the community.  It is comprised of restaurants, grocery, retail, professional services, and more.  From major retailers to unique local establishments, 4S Commons has everything that one needs within arm’s reach.   Additionally, 4S Ranch has seven of the best parks in the country located within the community as well as a fitness center, Splash Park and sidewalks throughout the community. 

Residents

This lovely community is very family oriented which is highlighted by the immense amount of kids’ sports and activities that occur in 4S Ranch.   As some of the wealthiest residents in the entire San Diego metro area, the move into 4S Ranch comes at a time when they are ready to settle into a close knit neighborhood and want to be in a great school district.  Many residents commute into the downtown area for work but want to escape the rat race and come home to a quiet place with lots of other families who enjoy their neighborhood.  It is not uncommon to see families convening outside while enjoying the perfect weather with kids who are riding bikes and playing ball. 

Neighborhoods

Within 4S Ranch are smaller neighborhoods that feature homes built with the Shelter in Place construction.  Because of this, homes in the 4S Ranch were saved from the wild fires that destroyed much of southern California.  As a master-planned community, 4S Ranch is filled with single-family homes that start in the upper-$600s to low-$700s and climb to well over $3 million.  Condominiums are priced between the upper-$200s and $700s. 

Feel Safe Living in a Beautiful Neighborhood

4S Ranch is such a beautiful neighborhood as well as a safe one.  The community has so many amenities within reach that make it so nice to live here.  The residents have the feeling of living in a small town while being within a quick trip to one of the most exciting and spectacular metro areas in the country.   Once you see this area, you will definitely want to consider it as a place to call home.

April 11, 2012

4S Ranch - A Beautifully Master Planned Community

Located in the North Inland section of the San Diego metro area is the perfectly well thought out community called 4S Ranch.  This upscale community boasts a strong demand from home buyers throughout the metro area.  As one of five communities that feature homes built with Shelter in Place construction, many luxury buyers strongly consider 4S Ranch because of its safety from the common wildfires that pop up throughout this part of the country.  In fact, in 2007, when many homes in southern California were ravaged by wildfire, not one home in 4S Ranch was consumed by fire. 

Neighborhoods within a Large Community

Within 4S Ranch are several smaller neighborhoods featuring homes in different price ranges.  All of the homes are newer homes with all of the amenities and architectural detail that buyers desire.   From homes featuring private pools and gourmet kitchens to condominium and townhome communities with all the bells and whistles, the neighborhoods in 4S Ranch are huge draws to any potential home buyer wanting to live in a close knit community built around making it easy for the residents to be near the necessary conveniences of day to day life.

In addition to the safety aspect of living in 4S Ranch, the perks that draw buyers to the neighborhood are simple: sidewalks along the tree lined streets throughout the community; seven parks situated within the Ranch; some of the best schools in the area; and, tons of kids activities and family events like an Easter Egg Hunt, concerts in the park and, everyone’s favorite, 4th of July festivities.

Probably the best attribute of 4S Ranch is the hub of the community – 4S Commons Town Center.  Here, the residents have restaurants, retailers, grocery stores, and pretty much any professional service they need.

Real Estate Statistics of 4S Ranch

The overall median sale price for a single family home in 4S Ranch is about $600K with the number of days on the market at about 44 days (Redfin.com, March 2012).  For condominiums, the same statistics reveal the median price is just under $300K with the average number of days on the market at about 26 days. 

Currently, single family homes are priced as low as the upper-$600s and top the $3 million mark.  For condominium homes, one-bedroom units start in the upper -$100s.  Larger condominiums and townhomes are priced into the low-$400s. 

While the homes have different characteristics, they blend well with each other and create a very pleasant atmosphere with their well landscaped lawns and nicely decorated homes.  A lot of effort goes into the care and maintenance of 4S Ranch.

Considering 4S Ranch

4S Ranch real estate is an ideal spot for those seeking a quiet, close knit community located just outside the downtown area of San Diego.  In addition to the superb safety feature with the Shelter in Place construction of the homes, this neighborhood is within a short distance of all the necessities of day to day life.  4S Ranch is definitely at the top of this list of communities to check out!

March 31, 2012

Living in Pacific Beach

Most everyone has a dream of living on the beach or at least very close to it.  For those lucky enough to call Pacific Beach, California home, it is a dream come true.  Everywhere is within walking distance to the Pacific Ocean.  With one of the widest and best beaches in all of southern California, Pacific Beach is a favorite for most people in the western part of the country.  With a population of about 40,000 people, Pacific Beach consists of a very diverse group population from old fishermen who have lived here for decades to world-class surfers to professionals who work in downtown San Diego and other parts of the metro area.  The commonality of all of them is their desire to be near the ocean.

Knowing the Area

Pacific Beach is a 5.2 square mile area on the West Coast of southern California.  It is bound by La Jolla to the north; Interstate 5 to the east; Mission Beach to the south; and, the beautiful Pacific Ocean to the west.   The main streets in the major area of Pacific Beach run north-south and east-west.  The north-south streets are named after federal officials and laid out in alphabetical order while the east-west streets are named after precious gem stones. 

There are over 1,300 businesses in Pacific Beach mostly consisting of restaurants, bars, night clubs, and retail shops.  Because this is such a popular area for vacationers from all over the western part of the country, tourism is a huge part of the community. 

Additionally, Pacific Beach is home to some of the best surfing and sunning in southern California.   With its wide beaches, families, young adults and the older generation find Pacific Beach to have everything they need to have a gratifyingly laid back lifestyle. 

Pacific Beach has a wonderful village-like atmosphere with notable parks such as the Kate Sessions Park and the Pacific Beach Community Park.  The Pacific Plaza Shopping Center provides the public with grocery and drug store shopping as well as other businesses necessary for day to day life.

Real Estate in Pacific Beach

The real estate market in Pacific Beach has shown signs of a rebound over the last few months.  With homes staying on the market for about three months, sale prices are beginning to climb.  For single family homes, the most recent median sale price is $725K which is up over 15 percent from the previous month but down slightly from last year.  Condominiums, on the other hand, are showing marked increases.  The most recent median sale price is $just over $400K which is up 12 percent over last year and 5 percent over the previous month.   As for how long a property stays on the market, real estate in Pacific Beach moves pretty quickly staying on the market only about three months.

 

As for list prices, single family homes, for the most part, start around $700K and climb to well over $1 million the closer to the ocean the property is located.  Areas such as the northwest section of town, the Crown Point area and Mission Bay Park have homes for sale starting in the low to mid-$700s.  Most homes have some sort of water view be it the Pacific Ocean or Mission Bay.

Condominium properties listed for sale start as low as the mid-$200s to upper-$300s in communities like Crown Point Townhomes. And Sail Bay Shores.  From there they begin to climb depending on the location and views.  Grand Sunset and Gresham La Palma feature condominium homes starting in the mid to upper-$400s.  Of course, there are properties with gorgeous views that start in the low-$900s and climb to almost $2 million like those at Diamond Point at the Ocean, Sail Bay and Capri by the Sea.

Another important real estate characteristic is that Pacific Beach is a great place for real estate investors.  With such a young population, many of the residents in Pacific Beach rent homes and apartments.

No Matter Your Needs

Whatever you need…and want… in a home at the beach, you will find it in Pacific Beach.  There are properties to entice even the most finicky home owners.  From perfect views of water to roof top decks with cool ocean breezes, Pacific Beach has everything to make you spend the rest of your life here.