Imperial Beach is a town nestled between miles of uncrowded beaches, big surf, unparalleled open space and wetlands filled with wildlife. Imperial Beach is one of the last untouched beach towns in Southern California, so it is known as Classic Southern California. There is much to see and do in Imperial Beach from swimming or surfing at the beach, a walking tour of public art, to a nature walk and bird watching experience at the world-renowned Tijuana Estuary. Also, Imperial Beach is a great place to simply relax and enjoy their beautiful sunsets. Imperial Beach is rich with natural resources. It is looking toward ecotourism as a way to attract visitors interested in wildlife, migratory birds, coastal dunes, and a world- renowned estuary. The National Wildlife Refuges is a key stopover for migratory birds along the Pacific Coast. It is the last haven for endangered species than anywhere of similar size in the continental United States.
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 17 condos that have sold and closed escrow in Imperial Beach, CA. These condos range in prices from a low of $158,000 for a 2 bedroom, 1 bath, and 800 square foot condo on 1328 Iris Avenue, #5. With a high price of $875,000 for a 3 bedroom, 2 baths, and 1731 square foot condo on 1288 Seacoast Drive in Imperial Beach. The average sold price is $315,555, the average price per square foot is $297 and the average days on market are 49 days. Sales price compared to list price is 96%.
During this same 90 day period last year, there were 26 condos that sold and closed escrow in Imperial Beach, California. These condos ranged in price from $189,000 for a 1 bedroom, 1 bath, and 600 square foot condo on 1340 Holly Avenue #13. Up to the high price of $820,000 for a 2 bedroom, 2 baths, 1102 square foot home on 708 Ocean Lane. The average price of these sold condos one year ago was $352,880 and the average price per square foot was $425. Also, the average days on the market were 45 days. Comparing these figures to the current market are the following; the average price has decreased by 11% and the average price per square foot decreased by 32%. Comparison on the number of sales decreased 35%. Sales price compared to list price is 98%.
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 decrease in sales activity shows a lower demand in Imperial Beach CA. The total picture shows signs of good stability for Imperial Beach, because the prices didn’t drop that much. Due to the low interest rates and low prices there has been a lot of activity including multiple offers on properties, especially bank owned.
126 Elder 1 Imperial Beach, California 91932
Price: $245,000
1 Bedroom, 1 Bath, 822 Sq. Ft.
Listing # 080065281
Zoned for either office or residential use, enjoy the lifestyle of a beach community in this condominium located around the corner from Seacoast Dr., just a minute or two from the beach. Kitchen upgraded with stainless steel appliances and includes refrigerator. $10,000 built to suit allowance with acceptable offer. Seller is licensed contractor. Not a short sale or REO listing.
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
