The last month has seen “Price reduced” signs materializing in Coronado. However, only a few months ago sellers were listing housing at prices that were hundreds of thousands of dollars above the last comp.

There is a area in Imperial Beach that is loaded with houses for sale. The strange thing is that it seems to be located in just one area. Other neighborhoods don’t seem to have as much for sale (although there is plenty).

I started tracking the listing prices in those areas. I only have data starting two weeks ago. It looks like there is a small downward trend in pricing but it could just be a natural fluctuation.