Both Chino and Chino Hills have seen great market recovery, and the markets are continuing to grow. They’re rated very high in health – in fact, they’re the highest rated markets in their immediate area.
Foreclosures are at half the national average, with only one in every 10,000 homes experiencing foreclosure. Negative equity is a thing of the past, and homeowners have a lot of reason to feel good about the security of the market.
The average Chino home is valued at around $450,000. The average Chino hills property can command a larger sum closer to $630,000. For the most part, sellers are getting exactly what they asked for.
Between 12 and 13% of buyers wind up selling at a price cut, but this usually isn’t damaging – many property owners in the area list properties for much more than what they’re worth, so the price cut usually leaves them with a sum similar to what market value would have been.