Foreclosure Homes in Pacific Grove, CA

Current Market Conditions in Pacific Grove, CA

The real estate market in Pacific Grove remains competitive, with a limited inventory driving prices higher. Recently, homes have been appreciating in value, influenced by high demand from both buyers looking for vacation homes and those seeking a permanent residence in this idyllic coastal community. Despite the challenges of finding inventory, properties that come onto the market tend to sell quickly, often above asking prices, indicating a strong buyer interest.

Many are attracted to the unique charm and beauty of Pacific Grove, which often leads to bidding wars on desirable homes. The trend towards remote work may also contribute to an influx of buyers seeking a lifestyle change in this scenic area.

Rent Prices In Pacific Grove, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pacific Grove, CA, is on a rollercoaster ride. The average rent price in Pacific Grove, CA, is $2,871.00. Indeed, when looking to rent in Pacific Grove, CA, you can expect to pay as little as $1,790.00 or as much as $5,610.00, with the average rent median estimated to be $2,780.00. The good news is that finding an affordable and desirable property to rent in Pacific Grove, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.