Real Estate Overview by Popular Community

Normally I give a general snapshot of the market by zip code. It is useful information and helps us see the big picture, however, sometimes it is interesting to see how the market is reacting in our own community.

So here are a few statistics in some of the more popular areas of East Chula Vista.


RANCHO DEL REY
The median sales price for homes in Rancho Del Rey, Chula Vista for Nov 09 to Jan 10 was $360,000 based on 59 sales. Compared to the same period one year ago, the median sales price increased 6.7%, or $22,500, and the number of sales increased 1.7%. Average price per square foot for Rancho Del Rey was $198, a decrease of 1.5% compared to the same period last year.

There are currently 40 resale and new homes in Chula Vista including 93 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Rancho Del Rey was $721,257 for the week ending Feb 24, which represents an increase of 4.2%, or $28,802, compared to the prior week.

EASTLAKE
The median sales price for homes in Eastlake, Chula Vista for Nov 09 to Jan 10 was $217,500 based on 58 sales. Compared to the same period one year ago, the median sales price increased 13.7%, or $26,250, and the number of sales decreased 33.3%. Average price per square foot for Eastlake was $184, an increase of 4.5% compared to the same period last year.

There are currently 16 resale and new homes in Chula Vista, including 80 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Eastlake was $318,735 for the week ending Feb 24, which represents an increase of 2.7%, or $8,485, compared to the prior week.

EASTLAKE GREENS
The median sales price for homes in Eastlake Greens, Chula Vista for Nov 09 to Jan 10 was $330,000 based on 70 sales. Compared to the same period one year ago, the median sales price increased 8.6%, or $26,250, and the number of sales decreased 4.1%. Average price per square foot for Eastlake Greens was $189, an increase of 3.8% compared to the same period last year.

There are currently 20 resale and new homes in Chula Vista, including 89 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Eastlake Greens was $397,968 for the week ending Feb 24, which represents an increase of 8.1%, or $29,665, compared to the prior week.

OTAY RANCH VILLAGES
The median sales price for homes in Otay Ranch Village, Chula Vista for Nov 09 to Jan 10 was $339,250 based on 106 sales. Compared to the same period one year ago, the median sales price increased 7.2%, or $22,750, and the number of sales decreased 26.4%. Average price per square foot for Otay Ranch Village was $178, an increase of 1.1% compared to the same period last year.

There are currently 51 resale and new homes in Chula Vista, including 154 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Otay Ranch Village was $317,656 for the week ending Feb 24, which represents a decrease of 0.1%, or $462, compared to the prior week.

THE WOODS
The median sales price for homes in Eastlake Woods, Chula Vista for Nov 09 to Jan 10 was $619,000 based on 16 sales. Compared to the same period one year ago, the median sales price decreased 3.7%, or $23,500, and the number of sales decreased 27.3%. Average price per square foot for Eastlake Woods was $179, an increase of 4.1% compared to the same period last year.

There are currently 13 resale and new homes in Chula Vista, including 22 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Eastlake Woods was $991,560 for the week ending Feb 24, which represents an increase of 3.3%, or $31,283, compared to the prior week.

SAN MIGUEL RANCH
The median sales price for homes in San Miguel Ranch, Chula Vista for Nov 09 to Jan 10 was $449,000 based on 53 sales. Compared to the same period one year ago, the median sales price increased 21.4%, or $79,007, and the number of sales increased 1.9%. Average price per square foot for San Miguel Ranch was $183, an increase of 7% compared to the same period last year.

There are currently 19 resale and new homes in Chula Vista, including 50 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in San Miguel Ranch was $401,723 for the week ending Feb 24, which represents a decrease of 4.3%, or $17,863, compared to the prior week.

Posted in: chula vista real estate,eastlake greens,eastlake villages,eastlake woods,housing market,market trends,otay ranch villages,rancho del rey,san miguel ranch