Coronado Tunnel Vision

[Eugene]

Coronado is one of the most overpriced sub-markets in the county. That’s why there’s so much inventory. Most of the county is at 2003 pricing or lower. Coronado is at least 30-40% above 2003 pricing.

There were 63 closings (attached and detached) in Coronado in Q3 2008, before the economy took a turn for the worse. There were 28 in Q4, only 9 thus far in 2009. There are 261 listings in Coronado right now. Even at the Q3 closing rate, that’s more than a full year of inventory. There’s a definite disconnect between what buyers are willing to pay and what sellers want to get. And foreclosures aren’t there to bridge the gap.

The situation is the same throughout most of the coastal North County.

Places like Coronado and Cardiff will be among the last to bottom.

[Casca]

E, you’re right. There’s a lot of phantom inventory here too, in the nature of new construction not in the MLS.

[Casca]

E, you’re right. There’s a lot of phantom inventory here too, in the nature of new construction not in the MLS.

[Casca]

E, you’re right. There’s a lot of phantom inventory here too, in the nature of new construction not in the MLS.

[Casca]

E, you’re right. There’s a lot of phantom inventory here too, in the nature of new construction not in the MLS.

[Casca]

E, you’re right. There’s a lot of phantom inventory here too, in the nature of new construction not in the MLS.

[SD Realtor]

I am not a Coronado hater but I would echo Esmiths posting about it. I have to say that of the few listing appointments I have been to on Coronado, the homeowners there are some of the leaders in denial in the entire county.

Personally my wife and I love to take our kids over there. It is definitely one of our favorite beaches and we can bring the dogs as well. Very clean and nice.

[SD Realtor]

I am not a Coronado hater but I would echo Esmiths posting about it. I have to say that of the few listing appointments I have been to on Coronado, the homeowners there are some of the leaders in denial in the entire county.

Personally my wife and I love to take our kids over there. It is definitely one of our favorite beaches and we can bring the dogs as well. Very clean and nice.

[SD Realtor]

I am not a Coronado hater but I would echo Esmiths posting about it. I have to say that of the few listing appointments I have been to on Coronado, the homeowners there are some of the leaders in denial in the entire county.

Personally my wife and I love to take our kids over there. It is definitely one of our favorite beaches and we can bring the dogs as well. Very clean and nice.

[SD Realtor]

I am not a Coronado hater but I would echo Esmiths posting about it. I have to say that of the few listing appointments I have been to on Coronado, the homeowners there are some of the leaders in denial in the entire county.

Personally my wife and I love to take our kids over there. It is definitely one of our favorite beaches and we can bring the dogs as well. Very clean and nice.

[SD Realtor]

I am not a Coronado hater but I would echo Esmiths posting about it. I have to say that of the few listing appointments I have been to on Coronado, the homeowners there are some of the leaders in denial in the entire county.

Personally my wife and I love to take our kids over there. It is definitely one of our favorite beaches and we can bring the dogs as well. Very clean and nice.

[garysears]

I’m not a hater but I’m hated.

I’m part of the daily commuting crowd on Coronado that the tunnel is supposed to eliminate. I guess I don’t understand the attitude that it takes to propose such a project. I seriously can’t see why the public should have to fund a project designed solely to reduce noise and traffic for select owners of Coronado property. I think the project should be paid for completely by dramatically increased Coronado zip code property taxes. Then the residents can enjoy their half of the island in peace. Or is it just me? Ridiculous.

By the way, this sign welcomed me to the island: “We hear the boom we take the box.” How is that for a neighborly greeting (facing the traffic coming off NAS North Island)? I can’t believe the elitist, antagonistic attitude. And that is from the local police department! I can only imagine how bitter the actual residents must be.

[garysears]

I’m not a hater but I’m hated.

I’m part of the daily commuting crowd on Coronado that the tunnel is supposed to eliminate. I guess I don’t understand the attitude that it takes to propose such a project. I seriously can’t see why the public should have to fund a project designed solely to reduce noise and traffic for select owners of Coronado property. I think the project should be paid for completely by dramatically increased Coronado zip code property taxes. Then the residents can enjoy their half of the island in peace. Or is it just me? Ridiculous.

By the way, this sign welcomed me to the island: “We hear the boom we take the box.” How is that for a neighborly greeting (facing the traffic coming off NAS North Island)? I can’t believe the elitist, antagonistic attitude. And that is from the local police department! I can only imagine how bitter the actual residents must be.

[garysears]

I’m not a hater but I’m hated.

I’m part of the daily commuting crowd on Coronado that the tunnel is supposed to eliminate. I guess I don’t understand the attitude that it takes to propose such a project. I seriously can’t see why the public should have to fund a project designed solely to reduce noise and traffic for select owners of Coronado property. I think the project should be paid for completely by dramatically increased Coronado zip code property taxes. Then the residents can enjoy their half of the island in peace. Or is it just me? Ridiculous.

By the way, this sign welcomed me to the island: “We hear the boom we take the box.” How is that for a neighborly greeting (facing the traffic coming off NAS North Island)? I can’t believe the elitist, antagonistic attitude. And that is from the local police department! I can only imagine how bitter the actual residents must be.

[garysears]

I’m not a hater but I’m hated.

I’m part of the daily commuting crowd on Coronado that the tunnel is supposed to eliminate. I guess I don’t understand the attitude that it takes to propose such a project. I seriously can’t see why the public should have to fund a project designed solely to reduce noise and traffic for select owners of Coronado property. I think the project should be paid for completely by dramatically increased Coronado zip code property taxes. Then the residents can enjoy their half of the island in peace. Or is it just me? Ridiculous.

By the way, this sign welcomed me to the island: “We hear the boom we take the box.” How is that for a neighborly greeting (facing the traffic coming off NAS North Island)? I can’t believe the elitist, antagonistic attitude. And that is from the local police department! I can only imagine how bitter the actual residents must be.

[Author]

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