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Scott and Susan McMillin back in 2011 spearheaded an effort to bring a hospice house to San Diego’s South County. “My wife and I went though Sharp HospiceCare’s program with a loved one at LakeView home in La Mesa,” said McMillin. “This experience left us with a
sense of comfort and well-being, and a strong desire to bring this service to the South Bay community.
With a sense of purpose, Scott and Susan McMillin talked with Sharp HospiceCare; they decided to join forces. A property was found in Bonita that had the setting and the land they were looking for. And now, three years later, thanks to the generosity of many donors, sits the beautiful and peaceful BonitaView Hospice Residence built on that one acre parcel, formerly owned by the Tessitore family, well known in the area for their concrete contracting business.
The residence is a 5,600-square-foot ranch-style house in Bonita, Calif. It’s the first facility of its kind in the South Bay area of San Diego County for end-of-life, palliative care designed around the needs of patients and their families. This specially-designed home, featuring six private bedrooms for residents, offers patients and families a variety of comfortable, “just like home” sitting areas for discussions, quiet meditation locales with solid oak doors for sound buffering, even a kitchenette so that families can warm their loved ones’ favorite foods from home. The artwork, the lighting, the linens, the flooring, all are designed to delight the eye in a gentle way.
If you are curious and wish to know more about this newest health care facility in our South County community, you can call 619-667-1900, for more information.
The BonitaView Hospice Residence is located at 3850 Valley Vista Road, Bonita, CA 91902.
CLICK HERE FOR A VIDEO ON THE BONITA VIEW HOSPICE RESIDENCE: SHARP.COM/HOSPICE/BONITAVIEW-HOSPICE-HOME.CFM
Volume 3, 2015
2MCMILLINREALTY.COM 1.800.599.8715 X200
91910
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
This northwest sector of Chula Vista is mostly comprised of homes from 15 years to 70 years of age, located from the Bayfront to the 805 freeway, south to L St. The detached housing market in north Chula Vista increased in average sale price in the early months of 2014, then, in this last quarter, sale prices fell back to the prior year’s levels. With only 1.5 months inventory, sellers are finding that their properties move to
pending status very quickly.... in about 3 weeks. Condo values faired better, with average sale prices increasing 8% in 2014 to $270,000. These condos are very well-priced in the high-demand area of “old north Chula Vista.”
S outhwest Chula Vista features Chula Vista’s most affordable homes. West of 805 & south of L Street, shopping and freeways are close. Homes were generally built in the 60s and 70s. Detached housing’s average sale price is $385,000, with properties going pending in 3 weeks, all good news for sellers. Buyers will find that they get a lot of house for their money, and yards are large. Condos were built in
70s and 80s; many have garages with average prices in the $230,000s. Units sold are down due to low inventory. No Mello-Roos. Pencils out well for rental properties if one wants to own an investment.
North Chula Vista
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $433,370 Down 3% $449,380 0.0% $433,714 Average Price Per Sq Ft $273 Down 4% $261 Up 10% $248 Median Sales Price $418,450 Down 3% $430,000 Down 2% $425,000 Listing Inventory (Active) 58 Down 11% 65 UNK UNKNumber of Sales 114 Up 16% 98 Up 7% 107Average Days on Market 44 Up 5% 42 Down 28% 61Absorption Rate (month to sell inventory)
1.5 months Down 25% 2 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $385,976 0.0% $391,985 Up 10% $351,905
Average Price Per Sq Ft $270 Up 7% $254 Up 4% $236Median Sales Price $385,000 0% $385,000 Up 8% $355,000Listing Inventory (Active) 46 Down 35% 71 UNK UNKNumber of Sales 87 Down 6% 93 Down 8% 95Average Days on Market 37 Down 58% 89 Down 46% 69Absorption Rate (mo to sell inventory)
1.5 months Down 35% 2.3 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q - 2014 % Change 4th Q- 2013Average Sales Price $270,999 Up 5% $256,025 Up 8% $250,751
Average Price Per Sq Ft $224 Up 4% $215 Up 13% $199Median Sales Price $267,000 Up 12% $239,000 Up 5% $255,000Listing Inventory (Active) 15 0% 15 UNK UNKNumber of Sales 41 Up 32% 31 Up 32% 31Average Days on Market 60 Up 33% 45 Up 3% 58Absorption Rate (month to sell inventory)
1.0 months NA 1.5 months UNK UNK
ATTACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price 233,730 Up 6% $219,760 Up 10% $211,328
Average Price Per Sq Ft 203.99 0.0% $202.50 Up 5% $192.37Median Sales Price $232,500 Up 9% $213,500 Up 6% $210,000Listing Inventory (Active) 17 Down 26% 23 UNK UNKNumber of Sales 26 Down 13% 30 Down 42% 45Average Days on Market 35 Up 59% 22 Down 36% 55Absorption Rate (mo to sell inventory)
2.0 months Down 13% 2.3 months UNK UNK
ATTACHED SALES
... About the Market
91911 Southwest Chula Vista
AVERAGE SALES PRICE
AVERAGE SALES PRICE
PAST 10 YEARS
PAST 10 YEARS
NUMBER OF SALES
NUMBER OF SALES
$600,000
$500,000
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$350,000
$300,000
$100,000
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Volume 3, 2015
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91902 Bonita
92154 South San Diego
3MCMILLINREALTY.COM 1.800.599.8715 X200
This market is small and exclusive, offering a semi-rural setting in the suburbs, large lots, county services. Land and setting trump contemporary designs. Bonita detached appreciated a healthy 20%, South Couty’s largest increase year-over-year in 2014, representing $80,000 in additional equity. 3 months inventory indicates a healthy market. Very few condos available in Bonita, with only a couple on the market at a
time. The average attached home appreciated approx 16%. Condo buyers will find eager sellers here, as the average condo goes to contract in roughly 6 weeks, longer than others in the area.
Along Palm Ave, this sector offers great value and a mix of 60s homes west of I-805 and post-2000 homes east of I-805. The detached home market continues to move to contract in about 3 weeks, with the average pricing just under $400,000, making this area very affordable. With 82 sales, this is one of South County’s largest market niches. So… it is affordable with abundant housing. If you are
looking for a great value, the condos in this area sell for $194/sqft average, the only area in South County below $200/sqft.... more living space for your money. But you have to act fast! They go to contract in 2 weeks.
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $636,410 Up 5% $608,106 Up 20% $553,250Average Price Per Sq Ft $256 Up 3% $249 Up 11% $240 Median Sales Price $619,000 Up 6% $585,000 Up 13% $550,000Listing Inventory (Active) 36 Down 25% 48 UNK UNKNumber of Sales 29 Down 35% 45 0.0% 29Average Days on Market 47 Up 34% 35 Up 9% 43Absorption Rate (month to sell inventory)
3.7 months Up 15% 3.2 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $394,820 Down 2% $402,537 Up 3% $367,706
Average Price Per Sq Ft $234 Up 4% $223 Up 8% $217Median Sales Price $372,000 Down 3% $385,000 Up 4% $357,000Listing Inventory (Active) 31 Down 25% 41 UNK UNKNumber of Sales 82 Down 12% 93 Down 20% 103Average Days on Market 46 Down 18% 39 Down 23% 60Absorption Rate (mo to sell inventory)
1.1 months Down 15% 1.3 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q - 2014 % Change 4th Q- 2013Average Sales Price $296,833 Up 13% $263,500 Up 16% $255,142
Average Price Per Sq Ft $230 Up 8% $214 Up 18% $195Median Sales Price $321,500 Up 3% $310,500 Up 31% $260,000Listing Inventory (Active) 2 0.0% 2 UNK UNKNumber of Sales 6 0.0% 6 Down 14% 7Average Days on Market 54 Down 25% 72 Up 54% 35Absorption Rate (month to sell inventory)
1 month 0.0% 1.0 month UNK UNK
ATTACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $248,296 Up 10% $224,545 Up 17% $212,481
Average Price Per Sq Ft $194 $0 $195 Up 12% $172Median Sales Price $255,000 Up 10% $232,500 Up 16% $220,000Listing Inventory (Active) 18 Up 50% 12 Up 63% 11Number of Sales 30 Up 36% 22 Up 11% 27Average Days on Market 38 Up 31% 29 Down 54% 83Absorption Rate (mo to sell inventory)
1.8 months Up 13% 1.6 months Up 50% 1.2 months
ATTACHED SALES
PAST 10 YEARS
PAST 10 YEARS
Volume 3, 2015
AVERAGE SALES PRICE NUMBER OF SALES
$600,000 400
250
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$375,000
$150,000
05 06 07 08 09 10 11 12 13 14
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
... About the Market
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
AVERAGE SALES PRICE NUMBER OF SALES
$800,000 120
80
20
$500,000
$200,000
05 06 07 08 09 10 11 12 13 14
91932 Imperial Beach
4MCMILLINREALTY.COM 1.800.599.8715 X200
Downtown San Diego is truly a story of the condominium market. With only 2 detached sales in the 4th Q, the trends are unreliable at best. The condo market saw a drop in units sold, and a small 3% increase in the average sale price in 2014. The units that sell are selling significantly faster, good news for sellers if their unit is properly priced, going to contract in roughly 6 weeks. There is plenty of inventory for buyers to choose from, with 187
units for sale. The downtown area is seeing fresh, new condo developments, which tends to stimulate that local market. A 1200 sq ft unit is selling in the $600,000s. Penthouses and view units can sell as high as $2.3 Million here.
Imperial Beach is the oceanfront community growing into its own. Pier South Resort has drawn attention to Imperial Beach’s beauty and opportunity. With detached properties climbing 18% in value, they far out-paced the 2014 market going to contract in two weeks, the fastest of any detached South County. Condo numbers are very misleading. Appearing to drop significantly, the story is really about what is selling. Owners near the beach are
generally choosing not to sell right now. Rather than prices “dropping,” we are really seeing more beach-distant units selling. Condos go to contract in under 1 month. The 4.5 months inventory means lots to choose from.
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $790,000 Down 16% $937,500 Down 19% $980,000Average Price Per Sq Ft $384 Down 18% $461 Down 35% $286Median Sales Price $790,000 Down 16% $937,500 Down 19% $980,000Listing Inventory (Active) 4 Down 42% 7 UNK UNKNumber of Sales 2 0.0% 2 Up 100% 1Average Days on Market 51 Down 63% 113 Down 76% 213Absorption Rate (month to sell inventory)
6 months Down 40% 10 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $455,695 Up 13% $405,023 Up 18% $385,290
Average Price Per Sq Ft $342.98 Up 8% $315.97 Up 9% $314.22 Median Sales Price $435,000 Up 9% $398,327 Up 18% $367,450 Listing Inventory (Active) 9 0.0% 9 UNK UNKNumber of Sales 25 Down 11% 28 Down 22% 32Average Days on Market 35 Down 20% 44 Down 10% 39Absorption Rate (mo to sell inventory)
1.0 month 0.0% 1.0 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q - 2014 % Change 4th Q- 2013Average Sales Price $567,756 Down 4% $589,422 Up 3% $552,552
Average Price Per Sq Ft $495 Down 16% $510 Up 1% $487 Median Sales Price $484,888 Up 2% $474,500 Up 8% $448,250Listing Inventory (Active) 187 Down 29% 263 UNK UNKNumber of Sales 177 Down 7% 190 Down 12% 202Average Days on Market 57 Up 36% 42 Up 6% 54Absorption Rate (month to sell inventory)
3 months Down 28% 4.2 months UNK UNK
ATTACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $243,707 Down 40% $410,533 Down 21% $308,815
Average Price Per Sq Ft $249.30 Down 27% $339.09 Down 14% $291.07Median Sales Price $236,500 Down 30% $335,000 Down 17% $283,700Listing Inventory (Active) 22 Down 4% 23 UNK UNKNumber of Sales 14 Down 7% 15 Down 30% 20Average Days on Market 27 Down 60% 67 Down 70% 91Absorption Rate (mo to sell inventory)
4.5 months 0.0% 4.5 months UNK UNK
ATTACHED SALES
... About the Market
PAST 10 YEARS
PAST 10 YEARS
Volume 3, 2015
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
92101 DowntownSan Diego
AVERAGE SALES PRICE NUMBER OF SALES
$800,000 800
550
300
$500,000
$200,000
AVERAGE SALES PRICE NUMBER OF SALES
$600,000 100
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$400,000
$200,000
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SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
91913 East Chula Vista
91914 Rolling Hills, Chula Vista
5MCMILLINREALTY.COM 1.800.599.8715 X200
Northeast sector of Chula Vista is the oldest area of homes that lie east of 805. While detached housing had a respectable 4% increase in average sale price, the condo market “went wild” with a 20% increase, now averaging a $302,000 sale price. That is the largest year-over-year increase for condos in any South County zip code. Units sold in 2014 declined in both attached and detached, in part due to low
inventory, each having about 30 units for sale at any one time. With absorption rates at 1-1.5 months, this area is definitely in demand, and sellers will find that they go to contract in less than one month if priced reasonably.
Tthis northeast corner includes Rolling Hills and San Miguel Ranch. At $706,000, this area has the highest average sale price in South County. Detached housing pulls strong demand, with a 14% appreciation, and only 2 months of inventory, going to contract in roughly 1.5 months. At an average $222/sqft, these large, high-end properties surprisingly have the lowest price/sqft in east Chula Vista. The condo market is small
in this area, consistently fewer than 10 units available. That said, they are in high demand, with only 1 month’s inventory. Owners have seen handsome price gains over the past couple of years.
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $494,622 0% $492,689 Up 4% $473,741Average Price Per Sq Ft $234 Up 1% $231 Up 12% $209 Median Sales Price $473,350 0.0% $479,000 Up 1% $470,000 Listing Inventory (Active) 29 Down 39% 48 UNK UNKNumber of Sales 97 Down 5% 102 Down 25% 129Average Days on Market 45 Up 10% 41 Down 17% 54Absorption Rate (month to sell inventory)
1 month Down 29% 1.4 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $706,144 Up 9% $647,278 Up 14% $617,732
Average Price Per Sq Ft $222 Down 4% $232 Up 6% $209 Median Sales Price $652,500 Up 7% $611,000 Up 8% $603,000 Listing Inventory (Active) 23 Down 32% 34 UNK UNKNumber of Sales 38 Down 44% 50 Down 27% 52Average Days on Market 49 Up 49% 35 Down 40% 82Absorption Rate (mo to sell inventory)
2 months 2 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q - 2014 % Change 4th Q- 2013Average Sales Price $302,635 Up 3% $292,801 Up 20% $251,570
Average Price Per Sq Ft $223 0% $222 Up 7% $207 Median Sales Price $305,000 Up 2% $299,000 Up 24% $244,500Listing Inventory (Active) 31 Down 54% 65 UNK UNKNumber of Sales 61 Down 6% 65 Down 15% 72Average Days on Market 43 Down 19% 53 Down 33% 65Absorption Rate (month to sell inventory)
1.5 months Down 50% 3 months UNK UNK
ATTACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $307,055 Up 2% $302,638 Up 4% $294,175
Average Price Per Sq Ft $231 $0 $232 Up 7% $215 Median Sales Price $312,000 Up 2% $308,250 Up 3% $305,000Listing Inventory (Active) 6 Down 14% 7 UNK UNKNumber of Sales 18 0.0% 18 Down 10% 20Average Days on Market 25 Down 27% 58 Down 53% 54Absorption Rate (mo to sell inventory)
1 month Down 17% 1.2 months UNK UNK
ATTACHED SALES
... About the Market
AVERAGE SALES PRICE
PAST 10 YEARS
PAST 10 YEARS
NUMBER OF SALES
$1,000,000 350
225
100
$650,000
$300,000
Volume 3, 2015
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
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AVERAGE SALES PRICE NUMBER OF SALES
$600,000
$400,000
$200,000
91915 Eastlake, Chula Vista
91950 NationalCity
6MCMILLINREALTY.COM 1.800.599.8715 X200
O ne of the newest areas of Chula Vista, housing features many community pools and elementary schools with very high test scores, therefore extremely attractive to families with children. Most properties have Mello-Roos, but remember this Mello-Roos does have a fast-approaching end date. The detached market continues to climb in average sale price, rising 9%, and now at $500,000 average. With 80 sales, and only 1 month of inventory, buyers
must act quickly. The condo market has the highest average condo sale prices in South County, at $340,000. These condos move quickly. Selection is limited, with only 19 units for sale.
Contiguous to the 32nd Street US Navy base, stretching from the waterfront, east to Paradise Hills,and south to Chula Vista. Housing was built prior to 1960, with some recent in-fill development. The real estate market is challenged, but offers great “bang for the buck.” Detached average sale price here is $317K, the lowest average in South County. Houses sell
quickly, in 3 weeks. Condos average $223K, down 6% from the prior year, with only 3 units selling each month, and very limited condo inventory on the market.
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $499,413 0.0% $500,243 Up 9% $456,323Average Price Per Sq Ft $231 Down 2% $236 Up 4% $223 Median Sales Price $487,000 0.0% $485,000 Up 10% $441,025 Listing Inventory (Active) 29 Down 22% 37 UNK UNKNumber of Sales 80 Down 1% 79 Up 3% 78Average Days on Market 48 Up 17% 41 Down 11% 54Absorption Rate (month to sell inventory)
1 month Down 29% 1.4 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $317,099 0.0% $316,318 Up 9% $289,924
Average Price Per Sq Ft $261.07 Up 6.5% $245.65 Up 23% $212.75 Median Sales Price $303,500 Down 2% $308,500 Down 4% $315,000 Listing Inventory (Active) 21 Down 40% 35 UNK UNKNumber of Sales 38 Down 24% 50 Down 30% 54Average Days on Market 45 Up 32% 34 Up 2% 44Absorption Rate (mo to sell inventory)
1.6 months Down 24% 2.1 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q - 2014 % Change 4th Q- 2013Average Sales Price $340,088 Up 3% $328,982 Up 10% $310,487
Average Price Per Sq Ft $226 0% $227 Up 7% $212 Median Sales Price $338,245 Up 1% $335,000 Up 8% $312,500Listing Inventory (Active) 19 Down 34% 29 UNK UNKNumber of Sales 44 Down 17% 53 Down 17% 53Average Days on Market 55 0.0% 55 Up 22% 45Absorption Rate (month to sell inventory)
1.3 months Down 19% 1.6 months UNK UNK
ATTACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $222,950 Up 44% $154,272 Down 6% $237,623
Average Price Per Sq Ft $217.81 Up 7% $203.20 Up 25% $173.06 Median Sales Price $192,000 Down 32% $145,000 Down 30% $250,000 Listing Inventory (Active) 9 Down 31% 13 UNK UNKNumber of Sales 10 Down 9% 11 Down 23% 13Average Days on Market 44 Up 5% 42 Down 49% 86Absorption Rate (mo to sell inventory)
2.7 months Down 23% 3.5 months UNK UNK
ATTACHED SALES
... About the Market
AVERAGE SALES PRICE
AVERAGE SALES PRICE
PAST 10 YEARS
PAST 10 YEARS
NUMBER OF SALES
NUMBER OF SALES
$700,000
$500,000
500
200
350
125
200
50
$450,000
$325,000
$200,000
$150,000
Volume 3, 2015
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
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92139 Paradise Hills
7MCMILLINREALTY.COM 1.800.599.8715 X200
I ncluded in the City of San Diego, located just northeast of Chula Vista, along the SR 54, is an area of older detached homes, with small in-fill developments of newer housing, and newer HOA properties. This very affordable area has faired quite well in 2014, with detached and attached appreciating approximately 10% in 2014. Detached average price is a low $341000, ideal for families looking for a large house on good-sized lot. Condos average $204/sqft, the second-
lowest pricing among South County condos. With 10 units selling each month, think affordable and abundant. Condos typically sell in a fast 2 weeks, so act quickly if you see what you want. Also investors can think “rentals” here.
San Ysidro is a small town along the US-Mexico border, with its own city government and schools. If you are a buyer, and feel like you “missed the boat,” with prices appreciating in 2014, you did not “miss the boat” in San Ysidro. The detached housing appreciated a modest 4% in 2014, and the condo market prices actually dropped significantly. More living space for your money, the detached homes sell at $227/sqft, the lowest
price in the affordable housing areas. Condos offer opportunity, selling on average under $190,000, making it the most affordable in the South County. A renter could find these condos have a house payment that is lower than their rent.
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $341,389 Down 5% $360,430 Up 9% $314,675 Average Price Per Sq Ft $238 Down 10% $265 $0 $237 Median Sales Price $347,894 Down 5% $365,000 Up 10% $315,000 Listing Inventory (Active) 29 Up 16% 25 UNK UNKNumber of Sales 34 Down 33% 51 Down 24% 45Average Days on Market 42 Down 5% 44 Down 9% 46Absorption Rate (month to sell inventory)
2.6 months Up 73% 1.5 months UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $345,857 Down 4% $361,029 Up 4% $332,033
Average Price Per Sq Ft $227 Down 7% $245 Up 9% $207 Median Sales Price $350,000 Down 3% $360,000 Up 3% $340,000 Listing Inventory (Active) 3 Up 50% 2 UNK UNKNumber of Sales 7 Down 59% 17 Down 4% 12Average Days on Market 57 Up 50% 38 Down 5% 60Absorption Rate (mo to sell inventory)
1.3 months Up 333% 1/3 month UNK UNK
DETACHED SALES
4th-2014 % Change 3rd Q - 2014 % Change 4th Q- 2013Average Sales Price $246,749 Up 6% $233,375 Up 8% $227,586
Average Price Per Sq Ft $204 $0 $204 Up 11% $185 Median Sales Price 257500 Up 12% $230,000 Up 5% $245,000 Listing Inventory (Active) 12 Down 20% 15 UNK UNKNumber of Sales 33 0.0% 33 Down 14% 29Average Days on Market 25 Down 55% 56 Down 56% 58Absorption Rate (month to sell inventory)
1.1 months Down 21% 1.4 months UNK UNK
ATTACHED SALES
4th-2014 % Change 3rd Q-2014 % Change 4th Q- 2013Average Sales Price $187,500 Up 2% $184,991 Down 39% $308,815
Average Price Per Sq Ft $214 Down 2% $219 Down 26% $291 Median Sales Price $190,000 Up 7% $177,500 Down 33% $283,700 Listing Inventory (Active) 14 Up 75% 8 UNK UNKNumber of Sales 5 Down 58% 12 Down 75% 20Average Days on Market 20 Down 59% 49 Down 78% 91Absorption Rate (mo to sell inventory)
8.4 months Up 400% 2.0 months UNK UNK
ATTACHED SALES
... About the Market
AVERAGE SALES PRICE
AVERAGE SALES PRICE
PAST 10 YEARS
PAST 10 YEARS
NUMBER OF SALES
NUMBER OF SALES
$500,000
$500,000
200
80
125
55
50
30
$300,000
$325,000
$100,000
$150,000
Volume 3, 2015
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
SAN DIEGONORTH INLAND
Mission SanLuis Rey
LegolandCalifornia
San Diego ZooSafari Park
FALLBROOK
ESCONDIDO
RANCHOBERNARDO
VISTA
VALLEYCENTER
JULIAN
PAUMAVALLEY
MT. PALOMAROBSERVATORY
SANMARCOS
TEMECULA
RAMONA
BORREGO SPRINGS
92173 San Ysidro
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05
06
06
07
07
08
08
09
09
10
10
11
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BEFORE YOU COMMIT… CALL MCMILLIN REALTY..... Chula Vista Office: 619-422-4500 Eastlake Office: 619-409-8400 Bonita Office: 619-475-0233
McMillin’s marketing team can sell your home
STUNNING PHOTOS
MOBILE FRIENDLY VIRTUAL TOUR
SYNDICATED TO 1500+ INTERNET SITES, AGGRESSIVE SOCIAL MEDIA & YOUTUBE EXPOSURE
INTERACTIVE WEB PAGE FOR YOUR HOME
McMillin Realty Out Lists the Competition
Source: Broker MetricsDate information run: 01/29/15Zip Codes: 91902,91910, 91911,91913, 91914,91915,91932,91950,91973,92139,92154
Active Listings Volume
TRENDS
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Volume 5, 2015
10MCMILLINREALTY.COM 1.800.599.8715 X200
... About Community
About Old South County….
A town-builder by the name of Col. William Green Dickinson was sent to National City by The Land and Town Company in 1886. He initially focused on building the Sweetwater Dam, and bringing a rail line into the area. Then he was ready to subdivide land for orchards. By 1888, the
name “Chula Vista” first appeared on a subdivision map, with 688 five-acre lots. Each five-acre lot cost $2500 and each purchaser had to build a $2000 minimum home! Within a year, 50 homes were going up centered around the Third Avenue and K Street part of town, followed by orchards on the acreage.
The Land and Town Company started with orange orchards, but soon learned that the Eureka lemon ripened earlier and loved the coastal environment. Lemon cuttings that were grafted onto orange trees resulted in a hearty, deep-rooted lemon tree. Tah-dah! Over 3000 acres of lemon trees soon engulfed the area, and Chula Vista at a very young age enjoyed the title “The Lemon Capital of the World.”
Savoie
W here the French and Italian Rivieras meet in an endless embrace,that’s Savoie.
The flavors of France and Italy are celebrated wholeheartedly on our finely crafted and
executed menu featuring the best of both cuisines.A whimsical, warmly embracing world of its own in which
cows dance on the ceiling and specially commissioned artworks make spirits soar, Savoie’s striking dining rooms, bar and beautiful patios make it the perfect place to enjoy lunch, dinner, gatherings, cocktails or fine glass of wine.
Conveniently located in the Otay Ranch Town Center across from the AMC movie theater, we also offer happy hour Monday through Friday, a late night menu, DJ entertainment, Sunday Brunch and unique private dining options.
You have often heard that Chula Vista started as a lemon orchard. But do you know the rest of the story?
Volume 5, 2015
... About Community