Coronado

[Akula1992]

Hopefully this is a quick question. The wife and I are looking at coming back to San Diego about a year or so from now. We lived in San Diego(Coronado) for a short stint from August 2005 to October 2006. Since there was no way we could afford to buy there and I knew we were going to be there about a year max, we decided to rent.(It was close to work) In short we really liked Coronado and now it looks like we might be headed back there about a year from now.

I have been following Mssr. Piggingtons site since before we first moved to CA and I do have an undergrad background in ECON but I have not seen a lot in the way of the market in Coronado. Any help is appreciated and welcome.

I expect that since the properties are rather high-end that there will not be so much of a devaluation as in other lower priced and more remote areas. Although it would still be about 12 months until we headed back that direction I am not confident that we will have reached a good approximation of the low end of the market. We do own a house in VA that we may or may not sell. Either way, we can still manage a decent down payment.

Advice is appreciated.

Regards,
-David

[SD Realtor]

Gotta run to help the mrs out with the kids. Will comment later tonite. There are also a few people here who have strong Coronado experience.

SD Realtor

[SD Realtor]

Gotta run to help the mrs out with the kids. Will comment later tonite. There are also a few people here who have strong Coronado experience.

SD Realtor

[SD Realtor]

Gotta run to help the mrs out with the kids. Will comment later tonite. There are also a few people here who have strong Coronado experience.

SD Realtor

[SD Realtor]

Gotta run to help the mrs out with the kids. Will comment later tonite. There are also a few people here who have strong Coronado experience.

SD Realtor

[SD Realtor]

Gotta run to help the mrs out with the kids. Will comment later tonite. There are also a few people here who have strong Coronado experience.

SD Realtor

[SD Realtor]

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.

SD Realtor

[SD Realtor]

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.

SD Realtor

[SD Realtor]

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.

SD Realtor

[SD Realtor]

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.

SD Realtor

[SD Realtor]

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.

SD Realtor

[Casca]

SDR is exactly right. I’ve lived here for the past decade, and witnessed the bottom to top rise. There has been a lot of condo construction, “Billy Boxes”, named after a local builder famous for stuffing a three unit on one lot. At the peak, these individual units were going for over a mil. I don’t have any numbers, but my perception is that a lot of the newer units are empty. There are a lot of properties for sale in the village. By the time you get here, the denial stage should be over.

[Casca]

SDR is exactly right. I’ve lived here for the past decade, and witnessed the bottom to top rise. There has been a lot of condo construction, “Billy Boxes”, named after a local builder famous for stuffing a three unit on one lot. At the peak, these individual units were going for over a mil. I don’t have any numbers, but my perception is that a lot of the newer units are empty. There are a lot of properties for sale in the village. By the time you get here, the denial stage should be over.

[Casca]

SDR is exactly right. I’ve lived here for the past decade, and witnessed the bottom to top rise. There has been a lot of condo construction, “Billy Boxes”, named after a local builder famous for stuffing a three unit on one lot. At the peak, these individual units were going for over a mil. I don’t have any numbers, but my perception is that a lot of the newer units are empty. There are a lot of properties for sale in the village. By the time you get here, the denial stage should be over.

[Casca]

SDR is exactly right. I’ve lived here for the past decade, and witnessed the bottom to top rise. There has been a lot of condo construction, “Billy Boxes”, named after a local builder famous for stuffing a three unit on one lot. At the peak, these individual units were going for over a mil. I don’t have any numbers, but my perception is that a lot of the newer units are empty. There are a lot of properties for sale in the village. By the time you get here, the denial stage should be over.

[Author]

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