National City is a multi-cultural community with an ideal climate and a thriving economic base. People have access to major educational institutions and recreational/cultural attractions. National City became a prime destination for migration by Easterners who were attracted to the outstanding climate. Miles of tree-shaded streets and Victorian homes appeared in the city and many remain to this day.
This is a discussion on the sales prices of homes sold recently as compared to last year. In the past 90 days, there have been 73 homes that have sold and closed escrow in National City, CA. These homes range in prices from a low of $58,000 for 1 bedroom 1 bath, and 718 square foot home on E. 16th St. With a high price of $390,000 for a 4 bedroom, 3 baths, and 2,105 square foot home on Hollyhock Ln. The average sold price is $220,902 the average price per square foot is $168.77 and the average days on market are 60 days. Sales price compared to list price is 99%.
During this same 90 day period last year, there were 17 homes that sold and closed escrow in National City, CA. These homes range in price from a low of $165,000 for a 1 bedroom, 1 bath, and 4,356 square foot home on Palm Ave. Up to the high price of $459,000 for a 4 bedroom, 3 baths, 1,801 square foot home on T Ave. The average price of these sold homes one year ago was $338,405 and the average price per square foot was $265.81. Also, the average days on the market were 65 days. Sales price compared to list price is 96%.
Comparing these figures to the current market are the following; the average price decreased by 34% and the average price per square foot decreased by 36%. Comparison on the number of sales increased by 429%.
The prices have decreased, compared to the rest of the market, high inventory and increase in foreclosures. But the high increase in sales activity shows signs of stability and higher demand for National City, CA.
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 San Diego or County Properties Riverside
