Market Statistics for Chula Vista | For the week of June 13, 2010

The median single family home price in CHULA VISTA this week is $379,887. The 790 homes have been on the market for an average of 108 days. Inventory is up and the Market Action (buyers) is trending down recently. While days on market appears to be trending lower, the overall conditions are weakening a bit.


WHAT ARE THE LOCAL CONDITIONS IN YOUR AREA?

91915

The median single family home list price in this market of 91915 this week is $385,000. Inventory is up and Market Action is trending down. While days on market appear to be trending lower, the over all conditions are weakening a bit.



Recently prices in the zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

Inventory has been climbing lately with 168 properties available this week. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index to gauge whether buyer interest is keeping up with available supply.



The Chula Vista 91915 market is currently in the "Buyer's Market" zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 24 so buyers should expect to find reasonable levels of selection.



91914

The median single family home list price in this market of 91914 this week is $507,500. Inventory is up and Market Action is trending down recently. While days on market appear to be trending lower, the over all conditions are weakening a bit.



This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

Inventory has been climbing lately with 106 properties available this week. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index to gauge whether buyer interest is keeping up with available supply.



The Chula Vista 91914 market is currently in the "Buyer's Market" zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 27 so buyers should expect to find reasonable levels of selection.



91913

The median single family home list price in this market of 91913 this week is $389,900. With inventory and days on market basically unchanged and the Market Action Index decreasing, the market isn't sending strong directional signals for the near-term outlook.



We continue to see prices in the zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Inventory has been falling in recent weeks with 207 properties available this week. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index to gauge whether buyer interest is falling with the available supply.



The Chula Vista 91913 market is currently in the "Buyer's Market" zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 22 so buyers should expect to find reasonable levels of selection.



This information and more in depth information on your local real estate market can be obtained by contacting one of McMillin Realty's neighborhood experts. www.mcmillinrealty.com

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