Current Home Prices and Real Estate Market Chula Vista
Posted on 09-04-2017 by Joe Marcotte
This is the current real estate market for Chula Vista as of September, 2017. The median home price is currently about $490,000. The home values on average of $497,900. There has been a 8.6% increase over last year at this time and currently, the Chula Vista real estate market is considered very hot or a sellers market. The median rent prices also increased up to $2500 median rent price per month. The average sales price is $289 per square foot for homes throughout the Chula Vista area. Both rent, price per square foot and median and average sale price has increased dramatically over last year at this time. There was a dip in the rent in January and February the way back upward needs to be as of the end of August, 2017.
The median list price for Chula Vista is about $570,000. There are approximately 300 properties, vacant homes and condos for sale in the Chula Vista area. The median days on the market is running at about 30. Less than 5% of the homes are considered distressed, foreclosed upon or in short sale status.
Because this is such a hot market, buyers are finding themselves competing with other buyers and even cash buyers are missing out on a lot of homes. Sellers are enjoying a high market receiving nearly 99% of list price for all properties and home sales.
Buyers need tough, aggressive real estate agents to help them compete with today's other buyers. For more information on the Chula Vista market whether you are selling or you need the right agent to help you get the home you want, call our office today.