The Ocean Beach market is starting to look less expensive. In tandem with sales continuing a three-week downward trend, bringing this week's numbers down to five homes sold over the last 30 days, price reductions are also at the highest they've been in three months, with five reported over the same period. In comparison, La Jolla county led all other close-by neighborhoods with 25 price reductions. Furthermore, a three-week downward trend in sales is expected to continue over the coming weeks. Prices are rising in Ocean Beach, and the median sales price this period increased from $817,250 to $956,500. Even with the higher trending sales, the fact that there are a lower-than-normal three months of inventory to work through indicates that Ocean Beach is still a seller's market.
If you don't want to spend too much for a home, start by taking a look a these affordable listings in Ocean Beach: