The weather. The food. The drinks. The beach. The lifestyle. You are in love with it all and now you want to learn more about Pacific Beach real estate. Pacific Beach Homes Real Estate has compiled information written from a local’s perspective to answer some of your questions:
Can I afford a home in Pacific Beach?
I know what you are thinking. You either assume homes in Pacific Beach are expensive, or you already know it!
But you want to look anyway.
Pacific Beach real estate is some of the most desired in the world. So yes, the prices are relatively high compared to the rest of the world. The median sales price in 2019 was $1,345,000 for houses and $605,000 for condos. But the demand has historically been so high that vacancy rates are extremely low and market appreciation has historically been positive. For a 5 year example, the median sales price for 2014 was $954,000 for houses and $472,750 for condos. This means that Pacific Beach homes tend to be great investments. Read more about the Pacific Beach real estate market here.
If you’re planning on buying a home in Pacific Beach, take a look at current homes for sale in Pacific Beach, then click on a property. You can use the mortgage calculator (near the bottom of a property page) to estimate what your monthly expenses for a home in Pacific Beach will be.
What types of homes are in Pacific Beach’s real estate market?
Pacific Beach consists of houses, townhomes, condos and multi unit properties (think of duplexes, all the way up to apartment complexes). The mixture of these types of homes range from neighborhood to neighborhood within Pacific Beach. Northern Pacific Beach is predominantly single family houses perched atop the foot of Mount Soledad. Central Pacific Beach has a mix of houses, condos and multi-family units. Crown Point has mostly single family houses, with several large apartment complexes and condos mixed in. Mission Beach has homes situated on smaller pieces of land, creating a very dense lifestyle with incredible proximity to the water.
Which Pacific Beach neighborhood is right for me?
This part can be tricky. If you are not currently living in Pacific Beach, you need to spend time learning the neighborhoods of PB, or trust a Pacific Beach real estate agent to help you. Pacific Beach is very unique because there are several abrupt changes in living situations as you move from block to block.
It’s important to think about what you want in a home in Pacific Beach. The main draw of the town is that it has the longest boardwalk of any town in San Diego and has some of the best beaches. The restaurants, bars, shopping and outdoor activities are some of the best in San Diego and many people want to be close to all of the action.
However, the popular beaches and strips of nightlife along Garnet Street and Mission Blvd can get crowded and loud. Living too close to the action could mean red cups (or worse) in your front yard, strangers stumbling around on your sidewalk, and feeling like you are back in college. Finding the right balance between your desired proximity to the water, safety, serenity and price for your specific situation, is the key.