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 July 23, 2008

Great Real Estate Deals in Coronado?
Coronado was chosen as one of the top five places to get a bargain deal on a home. The tiny island of Coronado has long been known as one of the highest priced areas in San Diego County. Now, I don't want to give you the wrong idea by saying there are record breaking deals on properties in Coronado because, in reality, you will probably find it hard to find a home in Coronado for under a million dollars.
Coronado has not been one of the areas in San Diego that has been hit hard with foreclosure, so you are probably not going to find any spectacular deals, but there seems to be a trend happening and that is people are not buying three bedroom homes like they once were. Coronado condos with one to two bedrooms, or homes with the same number of bedrooms seem to be doing just fine, however, the homes with three bedrooms are down this year. The average price for a home in Coronado has fallen to an average price of less than 1.5 million dollars, down nearly ten percent from the previous year.

For the rest of the island, home and condo prices are beginning to show an increase. Recently, a three bedroom home was purchased in Coronado for less than 1.3 million dollars and a condo with three bedrooms went for less than $750,000. If you are looking for some of the best real estate in San Diego, make sure to search Coronado homes.