Half Yearly Report : 2010
Owen Properties
Coronado Market Analysis
JAN 2010 - JUN 2010
The data below is positive, consistent with the trend in most markets. Much of the positive reflects not rising prices but a broader mix of homes sold, as finally there have been several high-end sales near the ocean and bay.
If you are looking at $1.5 million and below in the Village detached category, you find yourself in fierce competition.
If you are looking in the Village between $2 and $4 million, you will find yourself awash in opportunities. Take advantage of it. What we saw with Tony Falletta homes is instructive. His front homes in the good old days sold for $1.35 to $1.525 million. Because of the downturn, six or seven were for sale at once, and suffered sale prices of $950,000 to $1.1 million. The supply was exhausted, and the most recent sale prices have popped back over $1.3 million. All that occurred over a matter of months, not years.
Buy low and sell high. We have the market knowledge and experience to get you there. To discuss the best buy opportunities on the market today in Coronado, please contact your Owen Properties' real estate specialist.
Tom Owen (619) 972-6936 tom@owenproperties.com
Mary Jo Morgan (619) 435-9188 maryjo@owenproperties.com
Edith Zamora (619) 905-5780 edith@owenproperties.com
Please click here to view the most recent Coronado real estate statistics. Best wishes this summer from Owen Properties!
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