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Market Conditions in Coronado : Real Estate Advice

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  • Local Info4
  • Home Buying9
  • Home Selling1
  • Market Conditions5

Activity 5
Tue Sep 3, 2013
JR Thrasher answered:
No, this home is on Coronado. It has been on the market for 115 days and the price has been reduced from $925,000 to $859,000 on 6/19/2013. The home is only available for showing with an accepted offer. My guess is it’s an investment property and the owner doesn't want the tenants to know it’s for sale. A similar home sold in June for $915,000 but that home appears to be in better condition. A very cute home of similar size but remodeled came on the market last week for $950,000.

Click the link in the web reference for details about these homes.

J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
619-929-0105
... more
0 votes 2 answers Share Flag
Fri Aug 30, 2013
Kari Shea answered:
Hi again Wilson,

J.R is correct, the market is "slowing" as the laws of supply and demand are always at work.

From January 1, 2013 to July 1, 2013, the average number of single family homes (SFR) on the market was 3,200 homes.

The low in that time frame was 2,800 homes.

For the past 2 years, there are just under 2,100 homes closed per month (average). With 2,100 buyers and 3,200 homes, the market pace is pretty quick.

As of August 1, 2013, there were 4,525 homes listed, which is a 41% increase in supply.

Currently there are 4,601 SFR's on the market. 18 Months ago, there were 5,500 homes listed. You can clearly see how "the competition" affects the time on market.

Let us know if we can supply you with any further information.

Best,

Mark & Kari Shea
Shea Real Estate
National Association of Realtors
CA DRE License 01713506
... more
0 votes 8 answers Share Flag
Sat Aug 10, 2013
JR Thrasher answered:
Here you go. Click the link in the web reference below to see all of the details for the property. Click the link in the top right hand portion of the page to schedule a visit to the property.

J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
(619)929-0105
... more
2 votes 4 answers Share Flag
Fri Aug 9, 2013
Brian Aarestad answered:
I would be happy to get you that listing information. Just shoot me an email to baarestad@pcrcc.com. Have a good night.

Brian Aarestad
858 525 3262
0 votes 2 answers Share Flag
Sat May 25, 2013
fredeckert answered:
I believe that these are not time shares, they are ownerships with a 90 day max usage. You allow the hotel to rent them out the rest of the time and share in the income (also the cost to maintain them). Call the Hotel Del Realty office for the exact information. 619-437-1888 ... more
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Market Conditions in Coronado Zip Codes

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