August proved to be yet another strong month for Coronado real estate. Sticking with the same volume as July, we saw 33 residences close, wrapping up the official summer season. This ties July and August for the strongest months of the year. Despite school starting again, we know that the Coronado market enjoys veering from national norms and we expect the market to stay fairly strong as 2017 wraps up. 

As always, the Village proved to be the most popular with 22 residences closing. 4 were condos, 17 were single-family residences and 1 was a townhouse. Prices ranged from $755k to $5.7 million.

The surprise market was the Cays who moved nine homes. The 3 condos, 5 single family homes and 1 townhouse ranged from $624k to $2.9 million. Finally, the Shores closed 2 condos at $660k and $925k.

 Here’s a breakdown of each home by neighborhood:

Where things will be interesting is to see how strong the market remains as we transition into the slower months. With real estate markets heating up across the country, we imagine that Coronado’s market will retain steam throughout the winter, although most likely not hitting the high numbers we saw over the summer. The island market is poised to stay competitive due to the high demands and limited volume of homes. In short, Coronado’s quintessential island lifestyle, safe neighborhoods, beach proximity and renown school system appeal to many families.

If you’ve been considering making the jump to island life or are looking to transition to a home that better matches your lifestyle, connect with one of our team members today. As the largest boutique agency on the island, we specialize in everything Coronado real estate. 

Give us a call at ParkLife Real Estate today to make your Coronado dreams a reality.