Chula Vista Real Estate Market Gets Price Cuts Low

The Chula Vista market is getting more expensive. While sales continued an 11-week negative trend, bringing this week's numbers down to 160 homes sold over the last 30 days, price reductions have slowed to their lowest number since last January, with 103 reported this week. In comparison, San Diego led all other nearby municipalities with 452 price reductions. The median sales price dropped to $451,000 over the latest reporting period for Chula Vista, down from $459,500. With only two months of inventory to sell and a downward trend in price reductions numbers, Chula Vista is a definite seller's market.

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Demographic facts about Chula Vista:

  • The percentage of the population who own their homes is 55.2%.
  • This area has a one-year job growth rate of 1.85%.
  • There are 21.2 students for every teacher. (15.3 = national average)

Data reported through 1/11/2017

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