When I look at this chart for Chula Vista real estate homes for sale, it strikes me as a little odd that one of the areas hardest hit with foreclosures early on should be so in demand right now. I have to imagine the main reason would be that homebuyers and investors recognized that the pendullum had swung too far, with prices listed well below the true value.
If you are a homeowner in Chula Vista and expect to need to sell this year, now would be a really good time to list your home on the market. Although it is not 2003 where outrageous pricing is half-expected, you can probably list your home 5% above today's true market value and expect to get it. [Unless of course you have a home above $900K, in which case you probably want to be more aggressive with your pricing.]
For buyers, especially first-time homebuyers, or investors considering Chula Vista, I would recommend taking action sooner rather than later. I seems unlikely that the expiration of the homebuyer tax credit will slow down this market much.
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