In the city of Pacific Beach, CA the median $/Sqft increased 4.7% over the past year but the median sale price decreased 2.3% indicating an overall stable property values trend. There are currently 11.3 months of housing inventory which indicates a balanced demand/supply trend that is nearing over-supply which could indicate near-future property value decreases. Over the past month, properties sold in a median of 83 days indicating a marketing time trend of under 90 days. Over the past 3 months, 24% of all sales were bank sales or short sales which is consistent with the same period last year when 25% of all sales were bank sales or short sales.
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