Greetings. Last week we saw a slight increase in mortgage rates, potentially putting a sunset to the 4% interest rate and below financing. The key metrics below will provide some insight into the Coronado Island single family home and condo/townhomes to come into the market:
Coronado Island Single Family Homes
- February, 2014: Coronado Island Homes for Sale:88 (Active, contingent, and pending)
- February, 2014: Coronado Island Months of Inventory: 6.2
- January, 2014: Coronado Island Median Home Price $1,513,000; 10% higher than January, 2013
- January, 2014: Coronado Island Homes Sold: 9; 50% higher than January, 2013
Coronado Island Condos and Townhomes
- February, 2014: Coronado Island Condos for Sale: 69 (Active, contingent, and pending)
- February, 2014: Coronado Island Months of Inventory (Condos):6.1
- January, 2014: Coronado Island Median Condo Price: $1,145,000; 42% higher change between January 2013
- January, 2014: Coronado Island Condos Sold:10; 150% higher than January, 2013
This snapshot is a quick summary from The North county Real Estate Report, a free 34 page real estate market report covering all cities in the North County of San Diego. Feel free to browse the current issue and subscribe to The North County Real Estate Report any time.
Thank you for reading!
Stephen MacLeod
Coronado Island Realtor®
Highland Realty
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