Pacifica trends – then and now
The trends in listing price is broken down by quartile in the above graph to show market segment movement. The second, third and fourth quartiles are trending similarly – slightly downward with leveling showing within the last month, and the first quartile trending slightly upward.
Pacifica’s inventory overall has come down a bit from the peak of the fourth quarter 2007 following the dramatic lending market meltdown; however inventory is still elevated over a year ago meaning sellers will have an easier time of it if they approach the market very competitively. This is the overall tone. Each neighborhood has its own unique plusses or minuses and you’ll want to take those into consideration with your Realtor.