1/5/06 there were 103 houses for sale in Coronado.
1/8/07 190.
That’s almost double, and we havent even started the spring increase in inventory.
I personally know several people who are underwater there. Prices can come down in Coronado, maybe not to the extent of Temecula though!
The number of people with taxes in default also suggest stress in Coronado. I am waiting for some of the loan resets to cause things to start tumbling (but some new creative “loan product” could negate the dramatic effect I am hoping to see).
