Homes for Sale > Real Estate Market > California Real Estate Market > Chula Vista Real Estate Market

Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Chula Vista. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 619-395-7100

Average Home Price $350,000 - View Graph Trend
Average Price Compared to Last Year Down 15-20%
Average Time on Market 60-90 days
Best Selling Price Range$250,000 - $299,000
Worst Selling Price Range$1,000,000+
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?No Change
Market Trend No Change
Buyers’ or Sellers’ Market More buyers than sellers
Buyer Activity for the past 90 days in Chula Vista isIncreasing
Seller Activity for the past 90 days in Chula Vista is?Decreasing
Multiple Offers?Yes
Multiple Offers CommentaryAlthough we are still in a 'Buyers Market' closing cost are getting harder to get from sellers, Short Sales are being approved but not giving the closing cost to buyers turning the trend for buyers to cover as much or all of their own closing costs.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?More than 50%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Limited Supply
Inventory CommentsInventory is low and dominated by Short Sales and Bank Owned homes.
Greatest Activity First Time Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Chula Vista! You have to be patient as the inventory is low, with the expectation of more foreclosers on their way in 2010. The Short sale market is frustrating for most buyers but has a great payoff for those who stick with it to the end.
Nearest Metro AreaSan Diego
Housing Hot Spots91910,91911,91913,91914, 91915
Average Sold Price $350,000 - View Graph Trend
Chula Vista Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.61%
  15 yr. jumbo rate:  3.97%

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