As we compare the 3rd quarter of 2017 and 2018, we find some significant changes in home values and market trends.
Almost all areas of the island experienced a reduction in the number of homes sold compared to 2017. The only segment of the market with increased sales was the Coronado Cays condos, where sales rose 25% year over year. This may be attributed to the continued rise in Coronado home values as the Cays does offer the most affordable housing on the island.
While the number of units sold decreased, the average price per square foot continues to climb. All neighborhoods, with the exception of the Coronado Shores, saw an increase. While the values in the Shores appear to be falling in the graph above, their values are actually up 3.6% YTD.
Overall, 2018 has seen a significant increase in Coronado values: Detached Village values are up 6.6%, Village condos are up 10%, Cays detached home values are up 7.5% and Cays condos are up 5.5%