Buying a Home in San Diego: Coronado Island Real Estate - February 2010 Market Update

Nine Coronado Island real estate listings closed in January 2010 per the Sandicor MLS. The sale prices ranged from $540,000 to $2,100,000. Sale price/square foot ranged from $462.50/sf to $1,627.02/sf.

• Six of the nine closed Coronado Island real estate listings were detached homes (the other three were condos.
• Six of the nine were transactions in which each side had it's own agent (a seller's agent and a buyer's agent).
• Three of the nine were possible dual agent scenarios. These three transactions had one brokerage representing both the buyer and the seller (interestingly enough, it was the same brokerage for all three transactions). Sandicor lists the selling brokerage and the buyer's brokerage as the same brokerage, but it is unclear whether the brokerage was working only for the seller or acting as a dual agent for both parties in the transaction.
• All nine of the listings advertised a commission to be paid by the seller (guaranteed by the listing agent) to the buyer's agent.
• The average time on market was 174 days, the longest was 290 days, and the shortest was 20 days.
• Two of the nine closed listings were listed as short sales.
• One listing sold for $195,000 less than the list price. Another sold for $18,000 more than the list price (one of the short sales).

What's currently for sale in regards to Coronado Island real estate?

• There are currently 178 Coronado Island real estate listings for sale.
• These 178 listings range in price from $399,000 to $24,000,000.
• Six are listed as townhomes, 63 as condos, and the rest as detached homes.
• The detached homes start at $544,800 for a 1/1 with 720 square feet.
• 18 listings are marked as "pending" in the MLS, and seven are marked as "contingent."

Search on our website for the current Coronado Island real estate for sale.

All data was supplied by Sandicor on 2/4/2010.