The luck of the Irish?

Has Spring finally sprung in Coronado Real Estate? After a pretty cold winter (in Real Estate terms, of course) are we starting to see some warming trends?

We have had some good news in the last few weeks. Since the beginning of 2009, 13 Coronado properties have sold and 27 are currently pending. Almost one half of all pending properties have gone under contract since March 1st. In other words, we have had almost the same amount of buyers in the last two weeks than we had in the first two months of the year!

This is the kind of news we like to see. Hopefully it is a sign that the credit freeze is feeling the warmth of Spring and the Banks are starting to believe in lending money again! Whatever the reason, the buyers seem to be coming back out and we hope it keeps rolling right into the Summer season.

Happy 2009!

What is in store for 2009?

So far so good... The buyers seem to be coming back out after the Holiday break and we are looking forward to a better 2009! Coronado Real Estate is still an incredibly safe long term investment with some great short term benefits! Where else can you tuck some money and have a place to stay near one of America's best beaches? Oh yea, the weather ain't so bad either!

I will include three links from this blog that point at some of the statistics for Coronado Real Estate. One article by Alan Nevin is about the general state of San Diego County's economy. Great article by one of San Diego's leading economic voices. Click here for his article from the San Diego Metropolitan Magazine.

The second article is from Premier Magazine and highlights the Coronado and Downtown San Diego Real Estate markets. Click here for that link.

Finally, the Union Tribune posted it's statistics by zip code for all of San Diego County comparing 2007 to 2008. 92118 has some very strong numbers compared to the rest of the county. Click here for the link.

As I have always said, it is simple to understand why Coronado continues to prosper. An incredible community with incredible people and some pretty sweet weather. Limited supply and ever-increasing demand.

People often ask us about the market here, and although it is not as strong as it was a few years ago, people still really want to live here. I have told numerous clients that I won't start to worry until people stop wanting to live here! I don't see that coming anytime soon. Enjoy 2009!

Wow, we are number 1!

We were just informed that for 2007, Renee and I sold more Real Estate in Coronado than any other Agent or Agent team! We represented almost $40 Million last year and we hope to keep pushing the number higher each year! Thanks to all of you who made it possible and let's hope for the same in 2008...

2008 Pricing...

Renee came up with that silly Eagle ad and pinned it on me to come up with the blog to explain our 2008 pricing methods! So if you are here to learn about our 2008 pricing, email Renee at renee@parklifeproperties.com and let her explain it to you!

All I know is we, as always, aim to get top dollar for all of our clients! Pricing is the most important part of achieving that goal, and in today's market, we are spending more and more of our time deriving the price point for each of our listings. We analyze numerous variables along with the typical sales comparables to put that number together. It is never easy, but we feel that we have come up with a very comprehensive method to our madness and we have seen great results for our clients. We haven't really changed much for 2008, if it ain't broke....

Again, feel free to email Renee. She is a lot smarter than me :-)

New Years Resolutions!

Okay, so I had a third baby and decided I could take 3 months off from the monthly blog...

The blog department here is growing restless and has decided it was time for me to stop using the "I now have 3 kids" excuse and get back to work. So here we go... a new year and a new resolution:

I will really try to be more consistent at updating this site. I have received numerous emails about last years postings, so I hope we will see the same activity and chatter with this years posts. This really is a fun exercise in seeing how many people out there really care enough about Real Estate in Coronado and are crafty enough to find this little website in the vast sea of the world wide web.

Please keep the emails coming and we look forward to humoring you all again this year. I hope you all find this info useful in the quest to solve the mystery of where the market will go in 2008 (my bet is it will keep on moving up...).

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.