What’s My Vista Home Worth? Vista Market Report for October 2022

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What’s the Value of My Vista Home?
Vista Home Sales for October 2022

 

Vista homes search linkVista is located in inland North San Diego County, bordering Oceanside, Carlsbad and San Marcos. Vista has a variety of housing options, with tract home communities, condos and townhomes, rental complexes, and 55+ communities. You’ll also find homes in rural areas with large lots, and on the hills, often with great views.

 

Vista offers mixed use and agricultural areas, plus a growing and changing downtown with a wide range of shopping and dining opportunities and services.  Several major commuting routes, including the 15 and 78 freeways, are readily accessible. The Vista Farmers Market (in operation since 1981) is every Saturday at the Vista Courthouse Complex on Melrose. It’s well worth visiting regularly to buy fresh produce, artisanal and prepared foods, and more.

 

It’s important for buyers and sellers in the Vista housing market to have current information on local market conditions in order to make educated decisions about selling and buying Vista homes for sale.

 

The following data are taken from the MLS (private sales are not included, nor are multifamily properties, or mobile homes). The data are believed to be reliable at the time this report was written but are not guaranteed.

 

49 homes sold in Vista in October, 36% fewer sales than last month. Here are the specifics:

 

Single Family Homes Sold
41 (down 39%); 27 Average Days on Market; Average Sales Price was $833,097 (down 10%); Average sales price was 95% of original asking price

Condos, Townhomes & Duplexes Sold
8 (down by 2); 32 Average Days on Market; Average Sales Price $479,300 (down 5%); Average sales price was 98% of original asking price

 

There were significantly fewer sales in October than last month, in particular for detached single family homes. The average sales price was lower for single family homes, and for condos, townhomes and duplexes.

 

The average marketing time increased to about 4 weeks for single family homes, and also was longer for condo, townhome and duplex sales…about 1 month. Sales prices ranged from $361,500 to $1,600,000.

 

Are Vista homes still selling quickly? The answer is some are, with 29% going pending in 1 week or less. It’s wise to be prepared to decide quickly about touring homes and making offers.

 

Laurel Pointe home in Vista CA

 

Many buyers were able to negotiate their home prices, but at the same time 29% paid asking price or more, fewer than last month. Buyers should keep this in mind when deciding on their offer strategy.

 

The median sales price of the single family homes was $790,000 (down 11%), and $647,500 (up 36%) for condos, townhomes and duplexes compared to September.

 

There were 142 homes for sale in Vista at the end of October, 5 fewer last month. Home prices ranged from $479,900 to $2,950,000. This is an inventory of 2 months for single family homes (like last month), based on the current rate of sales over the last 3 months, and 2 months of inventory for condos, townhomes and twinhomes (up from 1.8 months last month).

 

Vista remains a very strong seller’s market.

 

51 new listings came on the market in October, 40% fewer than last month. 49 homes went pending in October, excluding homes that closed escrow, about the same at last month (48). The Vista housing market was fairly busy for buyers and sellers.

 

I am happy to provide more details about the housing market in Vista, including for particular zip codes and neighborhoods that interest you (e.g., Shadowridge, the Buena Creek area). I’ll answer your questions about the local market conditions, and will assist you with the purchase, and/or sale, of your Vista home.

 

Please reach out to me at (760) 840-1360 so we can discuss your particular housing needs, lifestyle, timing, and budget. Then we’ll develop a strategy to help buy your new Vista home!

 

If you would like an estimate of the current market value of your Vista home, please visit my home valuation site. And if you are considering selling your Vista home, let’s discuss the market value and an equity analysis, and talk about your timing and plans. Then we can create a plan to get your Vista home sold for the best price, terms and conditions.

 

SEARCH FOR VISTA HOMES FOR SALE

 

Read More:

What’s my Vista Home Worth? Vista Real Estate Market Report for September 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (3)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Jeff Dowler, CRS  Your market reports really do inspire me 

Nov 17, 2022 12:57 PM
Jeff Dowler, CRS

Thank you for the kind words Hannah Williams  I'm flattered!

Jeff

Nov 17, 2022 03:30 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff,

It seems that some buyers are getting off the sideline.  They are looking for value and finding it in Vista.

Nov 17, 2022 01:54 PM
Jeff Dowler, CRS

Even with the decline in sales last month Vista buyers WERE active and there is still competition Sheri Sperry - MCNE® . There have been some good opportunities.

Jeff

Nov 17, 2022 03:32 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I haven't spent much time in Vista but on my last trip I did drive through there and though it looked like a nice place to call home.

Nov 18, 2022 04:06 AM
Jeff Dowler, CRS

Glad you go to tour around a little Brian England 

Jeff

Nov 18, 2022 09:42 AM