Tuesday, May 4, 2010

Property Values Increasing in Chula Vista 91914

In the Chula Vista zipcode of 91914, the average $/Sqft of properties have increased 6.2% over the past year, indicating increasing property values. In the local MLS there are currently 1.8 months housing supply and properties sold in an average of 53 days over the past 3 months. Foreclosure activity is moderate to high, and future property value declines are possible. In March 2010 31% of all sales were bank sales (13 bank sales) and there remains 153 bank owned homes which is 11.7 months of inventory.

Brian Ward
Real Estate Appraiser