Trick or Treat?

Rarely would I look to the Union Tribune for any signs of Real Estate hope, but this morning I was pleasantly surprised! The article, as usual, is full of "the sky is falling" real estate news, but the silver lining is the tidbit on prices in Coronado. September 2007 median price in Coronado is up 15.4% over September 2006. The number of sales is up 73%! Keep in mind that the journalists that write the article are hardly statisticians and far more data is needed to make stronger conclusions, but it certainly does support my theory that Real Estate in Coronado continues to be a solid performer. Read the entire article on how dismal the rest on the county is and it further drives the point home. There is certainly something to be said about a community that can continue to thrive while the majority of the region is pulling back. Simple supply and demand mixed with some incredible intangibles.... (see Mom, maybe that Economics degree from USNA was a good thing!) Here is a link to the whole article.

Best Places to Live

The August Issue of Money Magazine ranks Coronado 38th out of the 1oo best places to live in the US. According to the article, Coronado received straight A's with the exceptions being Diversity (B), housing affordability (C) and Leisure/Arts (C). I hear them loud and clear on the housing affordability but I am not so sure I get the Leisure/Arts grade. How can we have the #8 beach in America, 72 degrees and sunny just about every day, and a C in leisure? Just doesn't add up. It's great to be 38, but I would bet we deserve a re-count. Click here for the entire article.

Back to School...

Now that Coronado Unified has started classes again it signals that time of year when a wave of people head back East with the idea of waiting until next year to "let the market cool off" and pick up a deal in Coronado next year. Although I see the logic, I have yet to see the recipe work. What you want this year will certainly cost (at least a little) more next year. So consider this the first basic lesson in the ongoing education of Coronado Real Estate.

I would be a fool to think that the market hasn't changed recently, especially in the lending arena, but the trend continues. There is the ever-present (increasing) demand for Coronado Real Estate and there is no way for the supply to keep pace. We are a town with a defined number of properties that can not rise and more and more people have the means and desire to be a part of it. Simple economics when you break it down. Couple that with the best public schools in the County and you can all see why I believe next year will always cost more than this year.

I would love to hear any thoughts. This is my first attempt to "blog" about any

thing, but if there is one thing I would like to blog about, it has to be Coronado Real Estate. This is meant to be a fun forum to kick around thoughts about Real Estate in Coronado. Join in if you like, I can't promise any kind of consistency in these posts, but whenever something comes up we will try to blog all about it!