The real estate market in Coronado is resilient despite the many restrictions that Covid-19 has placed on all of us.
The month of July has been as unprecedented as June was. The inventory continues to shrink and the demand properties on the island remain strong.
The current market statistics as per the San Diego Multiple Listing System (MLS) are as follows. There are 12 units for sale at the Shores, and 2 in escrow. None sold in July. Twelve for-sale units at the Shores!!! That's it!! This is very low for this time of year. Historically the average number of units for sale is around 20.
The Cays has only 5 homes for sale ranging from $1,500,000 to $4,500,000 and only 1 in escrow and 1 sold in July.
The Village follows the same pattern. We currently only have 24 homes for sale ranging from $700,000 to $8,700,000. We have 6 properties in escrow and one sold in July.
With the many changes, our economy is suffering is hard to predict the market for next month. We do know that no big changes will happen until the election is behind us. Stay tuned for next month's update.
If you are looking to Buy or Sell I am here to help.