The city of Coronado, CA is a small community by the beach with a sort of island feel to it. Although most refer to Coronado as an island, it’s actually a peninsula connected to San Diego. Also, there is a rich history with village assets in the community. Coronado is filled with things to do and has it all, beaches, parks, numerous recreational activities, highly rated schools, top notch municipal services, a wonderful climate and an ideal location. Coronado prides itself on its small town atmosphere and uptown social environment. In 1890, Coronado was incorporated and is Spanish for "the crowned one," which is why it is nicknamed The Crown City.
This is a discussion on the sales prices of homes sold recently as compared to last year. In the past 90 days, there have been 13 homes that have sold and closed escrow in Coronado, CA. These homes range in prices from a low of $700,000 for 3 bedroom 2 bath, and 1,271 square foot home on Pomona Ave. With a high price of $1,750,000 for a 3 bedroom, 2 baths, and 1,341 square foot home on Country Club Lane. The average sold price is $1,125,692 the average price per square foot is $686.17 and the average days on market are 148 days. Sales price compared to list price is 88%.
During this same 90 day period last year, there were 10 homes that sold and closed escrow in Coronado, CA. These homes range in price from a low of $875,000 for a 2 bedroom, 1 bath, and 995 square foot home on Pomona Ave. Up to the high price of $4,014,000 for a 5 bedroom, 2 baths, 6,534 square foot home on Pine St. The average price of these sold homes one year ago was $1,753,900 and the average price per square foot was $896.54. Also, the average days on the market were 112 days. Sales price compared to list price is 93%.
Comparing these figures to the current market are the following; the average price decreased by 35% and the average price per square foot decreased by 23%. Comparison on the number of sales increased by 23%.
The prices have moderately decreased, compared to the rest of the market, high inventory and increase in foreclosures. The increase in activity shows good signs of stability for Coronado.
The above statistics is a broad sample of data, to get a specific value of a home or if you are thinking of buying in this area, please contact me.
If you would like to get loan information from recommended bank's, or get started and view all homes, condos, investment properties, pre-foreclosures or bank owned foreclosures (REO's), please visit our website at: County Properties San Diego or County Properties Riverside
