Here’s the latest on your North P.B. Market.
What’s been going on in the North Pacific Beach real estate market? I’m here to tell you today. Right now, we have about 14 homes for sale, which is right around the average. At the same time, we have five homes currently in escrow, and we’ve seen 15 homes close escrow in the last 60 days.
When I look at these numbers, I see that we’re at roughly equilibrium on Pacific Beach. This means that when you put your home on the market, you probably won’t get five offers in one day, but you probably won’t have it sit there for months either. The only way that would happen is if it’s overpriced or you’re not working with the right agent.
In the interest rate market, they’re still very low at around 4%. For reference, we were excited when rates dropped to 14% back when I started in real estate 35 years ago.
If you have any questions at all about buying a home, selling a home, or anything else about real estate, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
