Chula Vista Real Estate Market Conditions & Reports, Chula Vista Market Trends, California

Market Commentary Provided by Chris Mirelez
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

Report Date

Winter 2010

Search For Homes in Chula Vista
City:
Property Type:

Minimum Price	Maximum Price

Min. Beds	Min. Baths

CONNECT WITH A LOCAL PROFESSIONAL

Chris Mirelez
Kaza Realty
Bonita, California
619-395-7100
ChrisMirelez@agents.househunt.com
Agent Home Page

Nearest Metro Area

San Diego

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

60-90 days

Market Trend

No Change

Housing Inventory

Limited Supply

Inventory Comments

Inventory is low and dominated by Short Sales and Bank Owned homes.

Average Home Price

$350,000 - View Graph Trend

Best Selling Price Range

$250,000 - $299,000

Worst Selling Price Range

$1,000,000+

Compared to Last Year

Down 15-20%

Prices As % of Asking Price

90-95%

Multiple Offers?

Yes

Multiple Offers Commentary

Although 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.

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Chula Vista is

Increasing

Seller Activity for the past 90 days in Chula Vista is

Decreasing

Is Financing Available For Qualified Buyers in Chula Vista?

Yes

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

More than 50%

Housing Hot Spots

91910,91911,91913,91914, 91915

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.

Average Sold Price

$350,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...