I think that Chula Vista still has another 10-20% left to drop. Depending on what type of house you want, this winter or next year maybe a better time to buy. Condos on the other hand still have another 20%+ drop coming in the near future. The attached market is starting to unravel at warp speed. There were a lot of houses built in the bubble years 2003-2007. Most of those homes are now upsidedown and will just put more pressure on prices. I have made a couple of offers on homes that were well priced and have been out bidded. There is still demand for homes well priced, but patience has paid off for me.
