It’s a beautiful day in San Diego and I spent most of it previewing new listings in Coronado for Broker Caravan. I have to say that Coronado is one of my favorite locations and offers a great deal of diverse real estate. So last week I looked at Rancho Santa Fe real estate I though it would be good to do the same for Coronado.
Coronado is one of the few markets in San Diego where the active graphs don’t look like roller coaster rides.
You can download the latest Coronado Real Estate Report – Coronado SFD June 2009 – (Large PDF). You may also request a report to be mailed to you weekly by signing up here.
Let’s start by taking a look at the active inventory in Coronado. We are going to look at both single family detached and attached units. Up to date graphs and pictures can be found at JeffreyDouglass.com
The CORONADO market is currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 10. With several months of inventory available at the current sales rate, buyers should find ample choice. The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
You can search all active Coronado inventory below by clicking the map below:
Now lets take a look at the attached sold properties in Coronado for 2009 from January 1st through June 15th
- 29 Attached Homes Sold
- Average Sales Price of $961,952
- Average Price Per Square Foot $721.29
- Average Days On The Market 126
For detached single family homes:
- 39 Homes Sold
- Average Sales Price of $1,420,058
- Average Price Per Square Foot $669.26
- Average Days On The Market 140
In 2008 for the full year there were:
- 73 Attached Homes – 93 Detached Homes
- Average Sales Price Attached $1,496,399 and Detached $1,714,904
- Average Price Per Sq Ft. Attached $1,007.65 and Detached $825,57
- Average Days on Market Detached 104 and Detached 104
In 2007 for the full year there were a total of
- 110 Detached Homes and 153 Detached Homes
- Average Sales Price Attached $1,293,016 and Detached $1,872,451
- Average Price Per Sq Ft Attached $940.66 and Detached $892.92
- Average Days On Market Attached 113 and Detached 94
Looking at Foreclosure Radar there are 40 properties in 92118. 5 are set for auction, 7 are bank owned, and the other 28 are pre-foreclosure. These properties may or may not go back to the Bank depending on the owner making up the payments or doing a short sale. The report was pulled on June 29, 2009.
Now for the legal stuff. Not all sales are reported to Sandicor MLS and while I have tried to be as accurate as possible this information is not guaranteed.
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