By John McCann
After our second year enduring the pandemic, the Coronado real estate market is still going very strong. Research conducted by Propertyshark reveals that California has approximately 70% of the most expensive ZIP codes in 2021 with Coronado moving one spot up to #63 (#64 in 2020) nationwide. With a median sales price of $2 Million, there was a ~12% increase from 2020 ($1.79 Million). Sales volume has stayed at about the same level with 342 properties sold in 2020 and 315 properties sold by November 12th, 2021.
Coronado Real Estate:
|Year||Position||Median Sales Price||High||Low||Volume|
|2020||#64||$1.79 M||$11 M||$676,000||342|
|2021*||#63||$2 M||$15.93 M||$690,000||315|
|% Change||^ 1||^ 11.73%||^ 44.82%||^ 2.07%||~|
Our sales team continues to close deals that are shattering sales records at the Coronado Shores. Just this past week we had our father and son team, Ara & Ryan Koubeserian [(619) 339-2383 | DRE #00454510 / (619) 339-9736 | DRE #01738738], put a deal together in one day for La Sierra Tower, Unit #603, with a price of $1,895,000, which is the highest sales figure ever recorded for a 1 Bedroom unit at the Coronado Shores!
The market is hot, and the Coronado Shores is approaching an all-time low with only 9 listings. Contact us today for a free opinion of value on your property!
I hope you enjoyed my analysis of the current state of the Coronado real estate market, if you have any questions or concerns, please feel free to contact me through email [email protected] or call our office at (619) 435-6234.
John McCann (DRE #02102269) is the Director of Business Development for the Coronado Shores Co. After graduating with a Business degree from UC Irvine, he joined the family business to develop partnerships, help the community and continue the long-term success of the company.
The Coronado Shores Co. (DRE #00658736) is a boutique real estate brokerage that originally built the 10 towers at the Coronado Shores, now we sell & lease them! Our bread and butter are the Shores, but our sales and leasing agents have years of experience with Real Estate transactions throughout San Diego County.
*Real estate data gathered through SDAR Paragon Multiple Listing Service on November 12th, 2021. Analysis may not reflect accurately during the time you are reading this.