Chula Vista is the county’s second largest city. From a scenic bay front that stretches along the coast to the master-planned communities and San Miguel Mountain in the east. Chula Vista has a major redevelopment project underway in the urban core; a world-class bay front is in the works, and a wondrous plan to build a regional four-year university.
Chula Vista is proud to be home to multi-sport U.S. Olympic Training Center, a nationally recognized concert venue, a wildlife preserve, a popular water theme park and South Chula Vista has the San Diego Country Club. The concert venue called Cricket Wireless Amphitheatre is an outdoor performing arts theater on an attractively landscaped lawn. The amphitheatre is located just 17 minutes from downtown San Diego in Chula Vista, and is the area's first major concert facility designed specifically for music. Also, San Diego County's newest and wildest water adventure park, Knott’s Soak City is a thirty-two water-logged acres packed with 22 of the most intense water rides imaginable! And it’s all themed to the surf woodies and long boards of the 1950s San Diego coast!
This is a discussion on the sales prices for condos sold recently as compared to last year. In the past 90 days, there have been 68 houses that have sold and closed escrow in Chula Vista, CA. These houses range in prices from a low of $157,000 for a 3 bedroom, 2 bath, and 1480 square foot house on 356 MoreHouse Place. With a high price of $470,000 for a 5 bedroom, 3 baths, and 2648 square foot house on 588 Sipes Circle in Chula Vista. The average sold price is $313,969, the average price per square foot is $197 and the average days on market are 68 days. Sales price compared to list price is 99%.
During this same 90 day period last year, there were 52 houses that sold and closed escrow in Chula Vista, California. These houses ranged in price from $280,000-603,000 for a 5 bedroom, 2 bath, and 1613 square foot house on 1566 Olive Avenue. Up to the high price of $603,000 for a 5 bedroom, 3 baths, 2113 square foot home on 1417 Venters Drive. The average price of these sold houses one year ago was $445,108 and the average price per square foot was $304. Also, the average days on the market were 53 days. Comparison on the number of sales increased 23%. Sales price compared to list price is 97%.
Comparing these figures to the current market are the following; the average price has decreased by 30% and the average price per square foot decreased by 35%. This is a drop in prices do to the correction in the market, high inventory and increase in foreclosures, which is a good deal for buyers. The market decreasing in prices was a small change compared to other areas in San Diego. The increase in sales activity shows a higher demand in Chula Vista, CA. The total picture shows signs of good stability for Chula Vista, because the activity went up in the amount of sales. Due to the low interest rates and low prices there has been a lot of activity including multiple offers on properties, especially bank owned.
320 Turquoise Chula Vista, CALIFORNIA 91911
Price: $255,777
3 Bedrooms, 2 Bathrooms, 1637 Square Ft.
Listing # 080068325
Bank owned home, with great potential, in ground pool, fireplace, tile throughout most living areas. New carpet and paint is to be installed while on the market.
If you would like to view all homes, condos or bank owned foreclosures (REO) short sales, listed for sale, please visit our website at: County Properties Real Estate
