We are officially in the summer real estate season! That means more homes moving on and off the market. May closed 27 homes on the island, jumping up from April’s numbers. As with most months, the Village represented the largest percentage of homes sold, coming in at 16. This was comprised of 13 single-family residences and three condos. Prices ranged from $728k to $2.7 million.
Next we had the Cays with 6 homes closing, two condos and four single-family residences. Prices ranged from $875k to $2.7 million. The smallest share of the closings went to the Shores with five homes. They were all condos, ranging from $915k to $2.6 million. No townhomes sold last month.
Here is a breakdown of each home by neighborhood:
We anticipate these numbers to stay strong, as well as possibly increase, throughout the summer since it’s traditionally the most popular real estate season. With that in mind, Coronado does enjoy deviating from “traditional” real estate philosophies. Due to the high demand, lack of inventory and island charm, many of the customary pricing structures go out the window. Many times, buyers value location over square footage, which reflects in a price.
Because of the finer nuances of Coronado real estate, it’s essential to partner with an agent who specializes in our area. At ParkLife Real Estate, all of our agents know this market like the back of their hands. Regardless of whether you are selling or buying, they work with you to achieve your goals.
Give us a call at ParkLife Real Estate today to make your Coronado dreams a reality.