2010 Compared to 2009
by Owen Properties
The numbers below are instructive, showing average sales price up and
price per square foot relatively flat. What this difference reflects is that
more high end homes have sold this year, pushing up the average sales
prices, but that actual prices this year have been closer to flat than rising.
Sellers of high end homes, priced $4 million and higher, finally took their
lumps, cut deals and sold.
Transaction volume is sharply up. In most categories in Coronado,
inventory levels are normal. So if national influences like interest rates and
the economy hold constant, there is a chance of a price per square foot
increase during the high season next spring and summer.
Those trends reflect the broader 92118 zip code. The reality within the
various sub-markets, such as the beach zone between 10th Street and the
ocean, or sub-categories, such as new construction, can be sharply
different. Please contact us to discuss your area of interest.
AVERAGE SALES PRICE
AVERAGE SOLD PRICE PER SQUARE FOOT
DAYS ON MARKET
NUMBER OF SALES
BY THE BEACH: HOMES/CONDOS FROM 10TH TO OCEAN BLVD.
