Pacific Beach Annual Real Estate Market Trends
| Pacific Beach | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $363,330 | $325,100 | 221 | 60 | 96.7% | |||
| 1999 | $398,360 | $372,750 | 254 | 59 | 96.7% | 9.6% | 14.7% | 14.9% |
| 2000 | $499,318 | $450,000 | 235 | 50 | 97.2% | 25.3% | 20.7% | -7.5% |
| 2001 | $577,276 | $519,500 | 174 | 56 | 95.6% | 15.6% | 15.4% | -26.0% |
| 2002 | $613,855 | $570,000 | 252 | 63 | 96.4% | 6.3% | 9.7% | 44.8% |
| 2003 | $684,404 | $637,500 | 221 | 56 | 96.8% | 11.5% | 11.8% | -12.3% |
| 2004 | $852,182 | $799,000 | 231 | 41 | 96.9% | 24.5% | 25.3% | 4.5% |
| 2005 | $1,014,540 | $905,000 | 209 | 59 | 95.5% | 19.1% | 13.3% | -9.5% |
| 2006 | $1,005,190 | $860,000 | 161 | 59 | 95.0% | -0.9% | -5.0% | -23.0% |
| 2007 | $994,393 | $860,000 | 177 | 78 | 94.7% | -1.1% | 0.0% | 9.9% |
| 2008 | $932,339 | $785,000 | 117 | 70 | 94.6% | -6.2% | -8.7% | -33.9% |
| 2009 | $888,702 | $753,000 | 130 | 79 | 95.9% | -4.7% | -4.1% | 11.1% |
| Pacific Beach | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $218,758 | $199,000 | 239 | 57 | 97.1% | |||
| 1999 | $244,359 | $229,000 | 438 | 53 | 97.8% | 11.7% | 15.1% | 83.3% |
| 2000 | $294,458 | $269,950 | 348 | 41 | 97.6% | 20.5% | 17.9% | -20.5% |
| 2001 | $339,163 | $314,000 | 301 | 45 | 98.1% | 15.2% | 16.3% | -13.5% |
| 2002 | $371,269 | $335,000 | 380 | 43 | 96.6% | 9.5% | 6.7% | 26.2% |
| 2003 | $461,709 | $415,000 | 399 | 47 | 97.4% | 24.4% | 23.9% | 5.0% |
| 2004 | $566,455 | $535,000 | 366 | 43 | 98.3% | 22.7% | 28.9% | -8.3% |
| 2005 | $642,186 | $584,000 | 381 | 67 | 96.7% | 13.4% | 9.2% | 4.1% |
| 2006 | $651,092 | $495,000 | 363 | 74 | 96.3% | 1.4% | -15.2% | -4.7% |
| 2007 | $672,543 | $525,000 | 315 | 106 | 95.9% | 3.3% | 6.1% | -13.2% |
| 2008 | $579,158 | $485,000 | 225 | 80 | 95.9% | -13.9% | -7.6% | -28.6% |
| 2009 | $478,253 | $434,500 | 248 | 93 | 97.2% | -17.4% | -10.4% | 10.2% |
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DEFINITIONS
- Median Price
- Median Price is the price at which 50% of properties sold were above that price and 50% were below.
- Average Price
- Average Price is the sum of all prices divided by the number of sales.
- DOM
- Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
- SP/LP
- The average selling price divided by the average list price.
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