Okay I am back… I have found that Coronado homeowners that are looking to sell are amongst the strongest in denial right now. I ran a pretty comprehensive analysis for a client out there a few days ago and I was quite surprised at how few transactions there are out there. Even with the lack of pendings (homes in escrow) sellers still don’t seem to get it. I have indeed seen price declines on the sold homes there even in light of the denial.
I think your analysis that Coronado will not be near the bottom a year from now is one that I agree with. I think Coronado will be on the back end of the cycle and whether it depreciates as much as lower end areas is debateable. Are you interested in the village or the cays? At any rate you seem spot on regarding your analysis so you should do well.
