The San Diego Real Estate Insider Blog

Although real estate in Coronado is more expensive than other parts of the San Diego metro area, residents know that location is an important part of the equation to live in this paradise.  Most single-family homes and condominium homes sell within four to five months of being listed.  For sellers, this is an excellent element in making the decision to sell; for buyers, this simply means that there needs to be very little hesitation in making the move or upgrading to a larger home in this cozy community.  Because of the popularity of Coronado, investors are also very interested in property for vacation homes and rentals.

Selling Your Home in Coronado

Selling a home in Coronado is typically not a long and arduous process.  This popular community has a median sale price of single family homes of $1.4 million with the average number of days on the market being just 119 days.  For properties in condominiums, the median sale price is about $755K and the average number of days on the market is 156 days. 

In Coronado, it is recommended to work with a real estate agent because of the high caliber of buyers looking at homes here.  Our agents are very familiar and knowledgeable about Coronado and will craft a plan to list and sell your property to get the most out of your most prized investment.

Buying Real Estate in Coronado

For buyers, there are a lot of opportunities to buy in Coronado.  No matter your needs, there is something for you in this ideal spot.  Median sale prices are still fluctuating from month to month but the biggest positive indicator of the market is the fact that the average number of days a home is on the market is on the decline.   Because our agents have all the latest information about homes for sale here, we can provide insight and help you get the most home out of your investment.

As for foreclosures and short sales, opportunities to buy distressed properties at lower prices pop up every now and then.   Any of our agents have the most current updates on distressed properties and can help you find the perfect home for a great deal.

Relocating to Coronado

Coronado is an ideal place to settle down if you are relocating to the San Diego area and want to live a beach lifestyle in an affluent area.  In terms of real estate, there are many areas to accommodate the most discriminating buyers.  From family oriented neighborhoods in gated communities with outstanding amenities to quaint, older homes with tons of character in the center of Coronado, our agents can provide you with all of the information you need to make your move to Coronado virtually pain-free. 

Moving to Coronado is a great decision for most anyone.  This town is one of the most talked about towns in the country and is always listed on “Top 10” lists in most every news magazine.  It is definitely worth looking into when making a move to the San Diego area.

Coronado is a very affluent area to live in the United States.  Located across the bay from San Diego, it is a quaint community of tree-line streets and reflects a true island lifestyle.  Additionally, Coronado provides a climate that is as close to perfect as anyone can get and a very healthy economy making it an ideal place to live.

There are several smaller communities in Coronado that are ideal for people in different stages of their lives.  From condominium homes along the beach to waterfront homes in prestigious gated communities, the home values range from several hundred thousand to lots of multi-million dollars.

Coronado Homes for Sale

Coronado homes come in all shapes and sizes.  Depending on your stage in life, you will find your ideal home on the “crowned island.” 

Single Family Homes:  Single family homes are abundant in Coronado.  There are quaint “beachy” cottages, elegant Spanish style bungalows and Tudor-style homes in the Village as well as beautiful stately mansions and estates in Coronado Cay.

Homes in the Village vary greatly in their architecture.  There are many options here including tiny beach cottages, beautiful mansions, and townhouse and condominium homes.  The main draw of this area of Coronado is its close proximity to downtown.  Many people look at a town’s “walkability” when house hunting and the Village is a very pedestrian friendly community.  Pricing of homes vary from condominium homes starting as low as the mid to upper $300s to mansions as high as almost $16 million.

For a more exclusive community, Coronado Cay is the ideal community.  From the entrance gate to the private neighborhood security to neighborhood parks, Coronado Cay offers everything to a very discriminating home owner.  All of the homes here are waterfront homes with bay views and private docks.  From just under $1 million to over $5 million, Coronado Cays is the ultimate in luxury living.

Condominiums:  If you are interested in luxury living in a condominium, Coronado is where you want to be.  Coronado Shores is a 10-building community that offers one bedroom units starting in the mid $600s to over $3 million for three-bedroom homes.  In the village, The Landings and Coronado Point feature oceanfront condos priced from over $1 million.

Real Estate Statistics

The overall median sale price (last 90 days) for a single-family home in Coronado is about $1.4 million and $755K for condominiums.  Add to that the fact that the average number of days on the market is 119 days for single family homes and 156 days for condominiums.  It is important to note that in the Village, there are usually over 100 condos and homes for sale in Coronado. 

Consider Coronado

Coronado is a beautiful place to live.  There are several options as to the type of community you desire in this beach town.  From the cozy heart of town in the Village to the exclusivity of Coronado Cays, consider looking at Coronado.  Downtown San Diego is just a ferry ride or short drive away and provides the conveniences major metro areas offer.   With such a strong community around you, we are sure Coronado should be on your short list.

When you think of a city with a beautiful view, think of Chula Vista (Spanish for beautiful view).  This city, located in the South Bay region of San Diego, is the second largest city in the metro area with a population of about 245,000 people. Chula Vista is situated halfway between San Diego and the Mexican border and is named for its scenic location between the Bay and the coastal mountain foothills.

Attractions

As a rapidly growing community, Chula Vista is becoming a tourist destination in the San Diego area.  There are several outdoor venues for family fun such as Knott’s Soak City USA, a huge water park; Cricket Wireless Amphitheatre, the only one in the area; several ecological preserves including the Sweetwater marsh and other wildlife refuges; area golf courses; and, a number of annual downtown events.   Additionally, the ARCO Chula Vista Olympic Training Center is a huge tourist draw with its daily tours to view the facilities that focus on Olympic training in track and field, soccer, archery, cycling and other outdoor, warm weather sports. 

Aside from the tourist attractions, Chula Vista features excellent shopping at area centers like Otay Ranch Town Center, EastLake Village, and others.  Here you can find popular stores and other local businesses that are popular with area residents.

Locals enjoy gathering at the Third Avenue Village to shop and eat at some of the town’s favorite places.  Additionally, every Thursday afternoon, residents and tourists enjoy the local produce and other products at the Third Avenue Farmer’s Market. Another area farmer’s market is held every Tuesday afternoon on Main Street in Otay Ranch.

As for higher education, Chula Vista is home to the California location of the Pima Medical Institute, a school providing a top quality education in medical careers.  Another area college is Southwestern College, an excellent community college with over 300 associate degree possibilities for students. 

Residents

With the population just under 245,000 people, Chula Vista is the second largest city in the San Diego metro area and the 14^th largest in the state of California. An interesting fact about the population worth noting is that there was a 40 percent increase in the population between 2006 and 2010.  Although it has a strong Hispanic presence, it is a well-known culturally diverse area in the country with a strong mix of different races and nationalities. The median household income is about $70,000 with about 60 percent of the households being owner-occupied. The residents in Chula Vista love where they live and want to see this community thrive.

Neighborhoods

The great thing about Chula Vista is that there are homes in every price point.  Divided into east and west Chula Vista, most of the newer, desirable neighborhoods and those that are master planned communities are located in the eastern half of Chula Vista.  Popular neighborhoods are located in the communities of Otay Ranch, Eastlake, San Miguel Ranch, Rolling Hills and the Woods, and feature condominium homes and single family homes as low as $200K and topping $4 million. The western part of Chula Vista features older homes built in the 1950s and 1960s.  Most are priced between the mid-$100s and low-$500s. 

A Great Place to Call Home

If you are interested in a very family oriented community within a short driving distance of San Diego, Chula Vista is a wonderful place to live.  With the attractions and broad spectrum of homes in different price ranges, there is something for everyone.  Spend some time here and you will see what everyone loves about this area.

Residential property in Chula Vista comes in all shapes and sizes.  This large city located just outside San Diego is home to some of the most ideal neighborhoods as well as elegant estates in the area.   It is a town ripe with real estate options for every budget and every style of home. 

Divided in half, Chula Vista has two main areas general referred to as west Chula Vista and east Chula Vista.  Depending on what you desire, each side of town has something to offer its residents.   From older fixer upper homes on the west side of town to the newer, planned development communities in eastern Chula Vista, there are a ton of homes on the market from which to choose.

Western Chula Vista

The western part of Chula Vista (west of I-805) is considered to be the older section of town as it was the original part of the city upon its incorporated in 1911.  Most of the homes in this part of town are considered the older homes.  While they are, for the most part, not situated in planned communities, they are located in neighborhoods throughout the area.  While there are just a handful of homes for sale under $150K, the most popular starting point for list prices in West Chula Vista is about $200K.  On the other end of the spectrum, there are a couple of multi-million dollar homes.  With that in mind, it is important to note that most of the homes in this part of town are priced between $200K and $500K.  Third Avenue, Chula Vista’s main “drag,” runs right through the western section and is within walking distance from many of the homes and neighborhoods.

Eastern Chula Vista

Newer planned developments are located in the east end of Chula Vista.  Many of the popular communities like Eastlake (and its smaller neighborhoods) Otay Ranch, Bella Lago, Rancho Del Rey, Eastlake, San Miguel, and Rolling Hills are ideal for families and feature amenities like community pools, playgrounds, walking trails and beautifully landscaped common areas.  Homes in this part of town start at about $200K (condominium homes) and climb into the multi-million dollar range in a small enclave of Ranch Del Rey.  Additionally, several of the communities are more affluent and gated offering privacy and security.  Popular shopping centers out east include Eastlake Village and Otay Ranch Town Center. 

Real Estate Statistics

The overall median sale price for a home in the eastern part of Chula Vista is about $357K with the average number of days for single family and condominium properties at about 60 days (three-month average).  It is important to note that condominium properties take a bit longer to sell averaging about 84 days.   

In the western part of Chula Vista, the median sale price is about $260K and averages about 46 days on the market.  The stand out statistic for this end of town is that the homes in zip code 91911 have seen solid increases in the median sale price over the past month and year at 8.7 percent and 12.4 percent, respectively. 

Consider Chula Vista

If San Diego is an ideal place for you, consider looking at Real estate in Chula Vista.  It is a short distance outside San Diego and has much to offer.  There are so many options for homeownership from condominium properties to luxury estates in gated communities and older homes with lots of character to new construction homes that have all the latest upgrades. With such a strong community around you, Chula Vista should be a top pick!! 

Chula Vista real estate is seems to be a hot commodity.  Homes sell quickly which means that home buyers in Chula Vista do not hesitate or “think about it” too long when they are in the market for a home in this charming, suburban city outside San Diego.  Because of the rise in popularity of Chula Vista as a tourist destination and place to live, it is easy to see why real estate is on the move here.

Selling Your Home in Chula Vista

If you are interested in selling your Chula Vista home, you are a smart home owner.  The latest statistics show the overall median sale price in west Chula Vista is $260K (January 2012) and is up from the previous month and year.  The biggest gains were in the 91911 zip code with an increase of almost 9 percent from the previous month and over 12 percent from last year.  The three-month average for the number days on the market is about 48 days.  It is interesting to note that condominium homes sell more quickly than single family homes in this end of town and average about 42 days.   

In East Chula Vista, single family homes sell much more quickly than condominium properties and are on the market at 56 days for single family homes and 80 days for condominiums.  The overall median sale price in January was about $357K.   The area showing the most growth is the 91914 area encompassing parts of Eastlake, San Miguel Ranch, Otay Ranch, Rolling Hills and other communities.

Because the market is fairly competitive now, it is a good idea to work with a qualified real estate agent who can provide the latest information about the Chula Vista market.  Our agents are very familiar and experienced in helping you come up with a plan to list and sell your property to get the most out of your most prized investment.

Buying Real Estate in Chula Vista

For buyers, this is a great time to buy in the Chula Vista area.  Although, home prices are beginning to rebound, it is still possible to get a good deal on a newer home in the eastern section or an even better one on a “fixer upper” in the older, and growing, western area of town.  The key is to act as homes in Chula Vista do not stay on the market  for much more than two or three months depending on the type of home and its location.   Our agents have all the latest information about homes for sale throughout the entire city.  Let us provide insight and help you get the most home out of your investment.

As for foreclosures and short sales, there are many opportunities to buy distressed properties at incredible prices.   Many need some TLC but can be easily restored to beautiful homes.  Patience, attention to detail and being at the right place at the right time are the key elements to buying distressed property.  Any of our agents have the most current updates on distressed properties and can help you find the perfect home for a great deal.

Relocating to Chula Vista

Chula Vista is an ideal place to settle down if you are moving to the San Diego area.  In terms of real estate, there are many areas to accommodate each and every desire for buyers.  From family oriented neighborhoods in gated communities with outstanding amenities to quaint, older homes with tons of character and charm in up and coming areas, our agents know the ins and outs of the area and can provide you with all of the information you need to make your move to Chula Vista almost a breeze.

In a nutshell, real estate in Chula Vista provides opportunity and promise to sellers and buyers.  The relatively short turn-around time from listing to buying is a huge benefit for buyers and sellers alike.  Chula Vista is an excellent choice in the San Diego metro area.