Otay Ranch Real Estate Update - April 2011

Otay Ranch continues to be one of the most popular areas for home buyers in the South Bay area of San Diego.   This community is a part of the city of Chula Vista which is home to more than 225,000 people and seems to be growing every year.   Otay Ranch is located just 14 miles south of Downtown San Diego and 9 miles north of the Mexico border, providing both a fabulous climate and energizing character.   Located within a few miles are four golf courses, numerous parks, Knotts Soak City USA Water Park and Chula Vista Nature Center which allow locals and visitors to enjoy the great outdoors, while world-class shopping; dining and cultural facilities provide indoor entertainment.
 
Otay Ranch zip code is 91913.  Other surrounding subdivisions and communities are Winding Walk, Eastlake Hills, Eastlake Trails, Eastlake Greens, Eastlake Vistas, Eastlake Shores, Eastlake Woods, Rolling Hills Ranch, Rancho Del Rey, Sunbow, and San Miguel Ranch.  Most of the new subdivisions are Master Planned Communities designed for all to enjoy.  Within walking distance from most homes are walking trails, parks, schools, community centers and shopping.
 
Shopping in Chula Vista is very convenient for all that live in eastern Chula Vista.  The Otay Ranch Town Center is the first major shopping and entertainment center to come to the San Diego and Chula Vista metropolitan market in more than 20 years. There is plenty of shopping, restaurants and entertainment for all.  Other new attractions include Target, Home Depot, Lowes and Walmart.  There are over 20 restaurants as well for your dining pleasure.
 
Homes in Otay Ranch consist of your traditional single family detached homes, condos and townhomes.  Currently there are a total of 148 single family detached homes available ranging in price from $260,000 to $600,000.  There are 93 condo/townhomes for sale ranging in price from $90,000 to $475,000.  As of 4/1/2011 there are 144 homes - single family detached and condo/townhomes that are in Contingent Status (this is typically a short sale and the bank or banks are reviewing the offers).  There are 76 single family detached homes in Pending Status (an offer has been accepted by the seller and the escrow process has begun) and 53 condo/townhomes in Pending Status.  There have been a total of 99 detached single family and 60 condo/townhomes sold since January 1, 2011.
 
As you can see there is plenty of inventory for all types of buyers.