The median list price for properties in Vista this week is $350,000. Prices in Vista have recently been on a consistently downward trend, and this week, while essentially price, still continue in that cycle. Prices continue to be kept down by the consistent numbers of new short sale and foreclosure listings. These listings attract multiple offers and are often accepted above list price, but the prices are still low for the surrounding neighborhood.
This Vista market has been consistently cool for the last several weeks. Buyer demand has been low relative to the inventory available. The market remains a Buyer’s market, and prices are continuing to fall. These conditions for a Buyer’s market will remain until demand increases and prices rise.
The current situation continues to be a good one for buyers. Buyers should take advantage of low prices, lots of inventory, and many distressed properties on the market.