With its idyllic beach towns and breathtaking coastal scenery, Pismo Beach has become one of California’s most sought-after real estate markets. For buyers and sellers entering this competitive arena in fall 2023, how do escalating home prices and rising mortgage rates shift the playing field?
In this comprehensive Pismo Beach housing market update, we’ll unpack latest statistics and trends to understand what’s driving record sales activity and equip you to make strategic moves before year’s end.
Key Takeaways:
- 30-year fixed interest rates are up over 1% from last year but remain historically moderate
- Inventory is extremely tight across all property types, fueling bidding wars
- Median sale prices are up between 15-30% since 2022, now ranging from $719K to $2.07M
- Creative financing, flexibility and expert guidance are key for buyer success
