Coronado Shores Market Update - Gerri-Lynn Fives - Prudential California Realty

FOR IMMEDIATE RELEASE
Coronado, California, United States of America (Free-Press-Release.com) February 8, 2012 -- FOR IMMEDIATE RELEASE:

CONTACT: Gerri-Lynn Fives, ABR, CIPS, CNE, CRS, GRI, RSPS, TRC
REALTOR / Broker Associate
Prudential California Realty – Coronado Cays
511 Grand Caribe Causeway
Coronado, California 92118
CA DRE# 01274657
www.SellingCoronadoShores.com

CORONADO SHORES CONDOMININIUM SALES AND MARKET UPDATE

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Coronado Shores Market Update - Gerri-Lynn Fives - Prudential California Realty

Welcome visit Our WebSite:

http://www.sellingcoronadoshores.com

CORONADO, CALIFORNIA: February 8, 2011 - After pouring over data since 2004, one would wonder whether or not the Coronado Shores escaped unscathed by the economic crisis. Life appeared to be good for sellers in the Coronado Shores in 2004 and 2005! A total of 65 condo’s sold in 2004 with 85 days being the average days on market and the average sales price per square foot was $924.76. In 2005, 55 condos were sold, with an average number of days of the market being 81. In 2005 the average price per square foot was $1,082.02. That same year the Coronado Shores broke their own record of highest price per square foot when 1760 Avenida Del Mundo #1105 sold in 40 days for $4,200,000, holding the record for having the highest price per square foot sold (since 2004) at $2,100/square foot.

What I know for sure is that the number of units sold has dropped to about half since 2004 and the number of days on the market has increased. However, the average price per square foot in 2011 was $978.40. When you look at the average price per square foot in 2004 it was $924.76. Could it be that the Coronado Shores has had a correction and that we are back to a normal market? For six years the average price per square foot hovered above the thousand to eleven hundred dollars per square foot range. The number of days on the market has increased by 56% since 2006. In 2006 the average days on the market were 77, whereas in 2011 the average was 137 days on the market.

If you are a seller, the moral of the story is that is it going to take longer to sell your home. If you are a buyer, you will have less inventory too choose from. In my opinion, it is still a good time to buy and sell real estate in the Coronado Shores because it meets the basic rule in real estate; location, location, location!

If you are interested in learning more about the Coronado Shores, please call me directly at (619) 813-7193 or visit www.SellingCoronadoShores.com

About Gerri-Lynn Fives:

Gerri-Lynn Fives, ABR, CIPS, CNE, CRS, GRI, RSPS, TRC, REALTOR / Broker Associate with Prudential California Realty has been a California licensed real estate broker since 2000 and is considered one of Prudential California Realty’s most outstanding associate brokers. Gerri-Lynn has a unique recipe for success that results in continuously exceeding the expectations of her clients. Her positive attitude, contagious enthusiasm and extensive market knowledge make partnering with Gerri-Lynn a truly pleasurable and educational experience! Gerri-Lynn’s track record consistently shows her clients working with her time after time and referring her to their friends and family. Gerri-Lynn is an outstanding communicator and she understands the importance of listening closely to her client’s needs.
Expect More Than A Home.....Create A Lifestyle In Coronado!

More information can be found online at http://www.sellingcoronadoshores.com

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