Chula Vista Homes 91910 - Foreclosures Drag Real Estate Prices Lower

In Chula Vista 91910 median home prices dropped in the first quarter of 2008 by $88,000. The median home price in Chula Vista 91910 zip code for 2007 was $495,000 and from the data of closed homes in Chula Vista 91910 in SANDICOR from January 1, 2008 to March 31, 2008 the median home price is $407,000. There were a total of 69 homes sold in the first 3 months of 2008 and many of these homes were foreclosures or short sales in Chula Vista. The lowest price sold home was on Flower Street and had 2 bedrooms and 2 bathrooms and sold for $225,000. The highest priced home sold in 91910 was on Montera Court and had 5 bedrooms and 4 bathrooms and sold for $1,225,000.

In late April of 2008 while doing this report there were 71 homes in escrow with many being short sales and foreclosures. At that time there were 245 homes for sale in 91910 Chula Vista. With an average of 23 homes closing escrow per month so far in 2008 the inventory is plentiful. Look for more foreclosures and short sales to come on the market in Chula Vista in 2008 and into 2009. If you're thinking about buying or selling in Chula Vista make sure you call us to find out important information on the Chula Vista Market.

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All information is believed to be correct but not guaranteed.

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