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.
