Chino Hills continues to be a city of growth and economic development despite the dip in the median home sale price. Based upon its central location to neighboring counties, top notch schools and overall community atmosphere, people are sure to continue to flock to Chino Hills.
Thus far for 2008, the second quarter showed the highest number of home sales at a little over 250 homes sold. However, historically speaking, the second quarter tends to be the strongest. For the third quarter, the median price for a home in Chino Hills is approximately $425,000.
Much like you may have already heard, Real Estate is cyclical. Historically, Real Estate has gone up and then come down. Right now it is down but rest assured, it will come back up. So many people continue to worry that it is not the right time or that they will end up paying too much. The truth is, you will probably miss the most opportune moment because you are "waiting for prices to come down." Here's a fact: Prices have come down. When is the best time to buy? When prices are down. Now is the time....carpe diem...Seize the Day!
Graph provided courtesy of City Data
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