Beautiful Coronado Home ONE Block From the Beach!

Home values in San Diego County were up 7.3 percent in the second quarter from a year ago — the biggest increase of the country’s 25 largest metro areas — says real estate website Zillow.com in a recent survey.

Nationwide home values fell 3.2 percent for the same time period, with values declining on year-over-year basis in 99 of the 144 markets studied.

The Seattle-based company comes up with its home-value index by looking not only at homes that have sold but also at pending sales as well as homes that are currently not on the market.

In San Diego County, the median home value rose to $378,800 in the second quarter. Cities with the highest year-over-year gains include: Del Mar, which saw its home value jump 14.25 percent to more than $1.4 million; Poway, which had an increase of 12.63 percent and a median value of $512,000; Santee, where values rose 12 percent to $336,400; and the City of San Diego, which experienced an 11.6 percent increase to a value of $413,700.

Biggest decliners were: Fairbanks Ranch, where values dropped more than 10 percent to around $2.4 million; Julian, which dipped 8.35 percent to a median value of $230,800; and Borrego Springs, which fell 7.71 percent to $210,200.

San Diego wasn’t the only California metro area to fare better than the nation. More than 27 percent of the markets in the state saw increases in their home values, no doubt buoyed by both state and federal homebuyer tax credits. Home values in San Diego, San Francisco, Los Angeles and San Jose have increased for the past five quarters.

The question everyone is asking is: Can San Diego continue its upward momentum?

Stan Humphries, Zillow.com’s chief economist, isn’t convinced.

“The double tax credits for some California homebuyers have certainly stimulated housing demand there and are partly responsible for the rapid — and likely unsustainable — rates of appreciation in many markets across the state,” he said. “While there is some uncertainty about how home values will respond in those markets once all incentives are removed, it’s certain they can’t continue at their current rates of appreciation.”

Not great news, but Zillow.com says there are still markets that have yet to reach bottom like Miami, where home values plunged 15.2 percent in the second quarter from a year ago, or Phoenix, where values fell 11.8.

Some other interesting San Diego statistics from the Zillow.com survey:

Off the peak: Home values here have plunged 29.7 percent from September 2005, which zillow.com considers the region’s peak.
Negative equity: 20.4 percent of all single-family home owners were underwater on their mortgages in the second quarter. In the previous quarter, that number was 22.9 percent. On a national level, an estimated 21.5 percent of single-family home mortgages were underwater.
Foreclosures: In June, 26.5 percent of all sales were foreclosure resales. Nationally that number was 16.9 percent.
Sold for a loss: In San Diego, 34.4 percent of all homes sold in June were sold for a loss.

By Jennifer Davies, UNION-TRIBUNE STAFF WRITER
Monday, August 9, 2010 at midnight

Expect More Than A Home…..Create A Lifestyle In Coronado!®

Gerri-Lynn Fives ABR, CIPS, CNE, CRS, GRI, RSPS, TRC
REALTOR / Broker Associate
Keller Williams Realty – Coronado
DRE# 01274657

JustGL@CoronadoBeach.com
www.CoronadoBeach.com
www.CoronadoCays.com

2010 Coronado Happy Hour Specials

www.CoronadoRealty.com/Happy.html 

Expect More Than A Home…..Create A Lifestyle In Coronado!®

Gerri-Lynn Fives ABR, CIPS, CNE, CRS, GRI, RSPS, TRC
REALTOR / Broker Associate
Keller Williams Realty – Coronado
DRE# 01274657

JustGL@CoronadoBeach.com
www.coronadobeach.com

CORONADO REAL ESTATE ASSOCIATION INC.

Please join us on July 18, 2010 when we sponsor a Concert in the Park 6:00 PM at Spreckels Park on Orange between 6^th and 7^th Streets Featured performer will be Stars on the Water. Bring a picnic and relax and enjoy the music at this fabulous free event.

Please come and enjoy the Concert!

2010 has been a ”Perfect 10″  for my Associates and I  in Coronado! I have personally made some amazing strides that include totally renewing all of my Internet websites and tools.

Happy 4th of July 2010!

As the President of the Coronado Real Estate Association, I set a goal to have a float in the Coronado 4th of July Parade. One of my CREA Board Members made that dream come true! Thank you Danny Zaragoza for designing and building an amazing float!!

Please come and enjoy the wonderful fireworks display this evening here in Coronado and have a safe and happy 4th of July!

November 18th, 2009

FOR IMMEDIATE RELEASE:

GERRI-LYNN FIVES, CORONADO, CALIFORNIA REALTOR ACHIEVES MEMBERSHIP IN ELITE INTERNATIONAL REAL ESTATE NETWORK

Coronado, California: November 14, 2009, Gerri-Lynn Fives, ABR, CIPS, CNE, CRS, GRI, RSPS, TRC, REALTOR / Broker Associate of Keller Williams Realty was awarded the prestigious Certified International Property Specialist (CIPS) designation and will join a worldwide referral network of elite global real estate practitioners with expertise in working with international clients as well as immigrants. The CIPS Designation is awarded by the National Association of REALTORS (NAR), which represents over 1,200,000 REALTORS in the United States. Gerri-Lynn Fives was formally recognized at NAR’s 2009 REALTORS Conference & Trade Expo in San Diego, CA on November 14, 2009.

Members of the CIPS Network are crucial players in today’s global real estate market. The CIPS designation recognizes members who have achieved the necessary training and experience to work successfully with international clients and properties. To earn the CIPS designation, REALTORS complete rigorous coursework devoted to learning cultural differences and international business practices. Designees must also prove achievement in international real estate transactions. Gerri-Lynn Fives joins a distinguished society of over 1600 real estate professionals throughout the world who have earned the CIPS designation.

“This is a highly prestigious award in our industry,” said Barbara Schmerzler, CIPS, NAR International Operations Committee Chair. “Gerri-Lynn Fives of Coronado, California is now established as an expert in international real estate.”

For more information on the CIPS designation, contact the National Association of
REALTORS Fax-on-Demand number, 1-800-354-2831 in the USA and Canada, or 1-732-544-2851 internationally or visit the CIPS Network website at www.realtor.org/international.

http://www.coronadobeach.com

November 20th, 2009

Coronado is starting to get that Holiday feel. Driving over the Coronado Bay Bridge the other night I was able to see the Hotel Del Coronado all lit up!
It is hard to miss 60,000 bulbs illuminating every facet of the Victorian resort. A memorable event [at the Del], is the tree Lighting ceremony, slated this year for December 3. The main foyer is graced by a 25-foot tree, whose sturdy branches, strung with some 15,000 lights, cradle a profusion of ornaments. The tree is themed and the theme changes each year. I wonder what this year’s theme will be? Elsewhere, almost every inch of the resort is robed in evergreen garlands, trimmed with crimson ribbon, and interwoven with strands of lights. There is no place like Coronado for the holidays!

www.coronadobeach.com

December 15th, 2009

If you haven’t gone skating by the Sea in Coronado yet, you better hurry! There is an outdoor ice skating rink at the Hotel Del Coronado. Skating by the Sea runs through December 18th, 2009. The skating sessions are daily with a matinee from 11am-1pm, and regular sessions from 2pm-5pm and 6pm-9pm. A portion of the skating proceeds will benefit the Make-A-Wish Foundation of San Diego.

December 16th, 2009

The Coronado City Council and the Coronado Chamber of Commerce have their own version of an economic stimulus plan…..FREE parking for the holidays!
Coronado, a world class destination and a beach community with regular parking meter rates at an affordable twenty-five cents per hour now offers free parking until January 1, 2010! Coronado welcomes you with free parking~

December 30th, 2009

Are you tired of the Coronado beach scene? Are you looking for alternative FREE outdoor activities in Coronado? You don’t have to look far….. with 15 miles of relatively flat paths, Coronado is the perfect place for strolling, jogging, biking or rollerblading. There are even more miles of bike routes along city streets. Being able to ride bikes around town, makes Coronado a very desirable place for families and sports enthusiasts to live. If you are visiting Coronado, you can rent equipment, including tandem bikes and surreys, at the Ferry Landing or in Coronado village. Coronado is also home to a fantastice Skate Park located in Tidelands Park. With 16,000 square feet of concrete ramps, bowls, grinds and jumps, the park caters to all skateboarding skill levels.

Gerri-Lynn Fives
www.coronadobeach.com