Chula Vista home sales prices have dropped at least 1 percent a month in the last quarter, but the decline is minimal compared to the increase in recent years.
Analyst firm ZeroDowm says the median price of homes in Chula Vista has dropped 3.54 percent in the past 12 weeks.
The median home price for sale in Chula Vista is now $679,426, which is 31 percent higher than three years ago.
The analysis doesn't say why home prices have dropped in Chula Vista, but it may be partly because high prices reduced sales.
In the last 12 months, available homes for sale increased by 16 percent, but the number of homes sold in the same period decreased by 25 percent.
The Zillow analyst form says that in all of San Diego County, the average price of houses increased by $106,000 throughout 2021.
In analysis, Zillow Chief Economist Jeff Tucker said as an example that a single year's increase in home prices in the county would equal the total salary of a professional dental surgeon.
Tucker called the rise in home prices "staggering."
Home prices in San Diego County increased from 2019 by 48.9 percent; this is 11.1 percent above the increase at the national level in the same period.
San Diego County has one of the most notable increases in California and the country. For example, the price of housing in Los Angeles has increased by 33.8 percent and in San Francisco by 26.8 percent since 2019.
On the other hand, the rental price in San Diego County has skyrocketed since January 2020, and now the average cost is around $3,000 per month.
