At a recent Women’s Council of REALTORS® luncheon I attended, Leslie Appleton Young, Chief Economist for the California Association of REALTORS®, reported that according to Pew Research Center’s “Home Sweet Home. Still. Five Years After the Bubble Burst” 8 in 10 Americans agree buying a home is the best long-term investment a person can make. Rent or Buy is the question of the day.  “…renters are hardly immune to the allure of homeownership, even in the face of the five-year decline in prices.  Asked if they rent out of choice or because they cannot afford to buy a home, just 24 % say they rent out of choice.  According to Pew Research Center, “17% of the current renters would like to continue to rent and 81% would buy a house at some point.”

According to CAR’s Chief Economist, the 2011 annual Housing Market Survey showed that the Investment & Second/Vacation Home market was the strongest ever with 17% of the homes in California being purchased for Investment/Rental Property and 7% for Vacation/Second Home use.  I interpret this to be good news for Coronado since we have a strong Resort and Second Home Market. Unfortunately there is not an easy way to track this in Coronado.

In today’s market, a common question asked is, “Do you think home prices are going up, down or staying flat in one year, five years and 10 years? “  My answer typically is “my crystal ball is broken.”  However, Leslie Appleton Young, an expert in the field, reported buyers and sellers polled across the state of California reveal that “Sellers are Skeptical and Buyers are hopeful.”   That scenario seems to apply to Coronado as well.

I went to SANDICOR, our local multiple listing organization and pulled data on the single family homes that SOLD in Coronado Village between 1/1/ and 4/9 for the last three years.

A total of25 single family homes sold during that time period in 2012.

PRICE PER SQUARE FOOT                          DAYS ON MARKET

Minimum:  $375.45                                                           7

Maximum:  $1,183.36                                                  217

Average:  $690.01                                                           85

A total of 33 single family homes sold during that period in 2011.

PRICE PER SQUARE FOOT                          DAYS ON MARKET

Minimum:    $417.13                                                          1

Maximum:  $1442.31                                                  368

Average:         $733.01                                                  108

A total of 27 single family homes sold during that period in 2010.

PRICE PER SQUARE FOOT                          DAYS ON MARKET

Minimum:    $364.17                                                   6

Maximum:    $960.44                                                493

Average:         $624.41                                              138

If you are interested in selling your home and getting the most per square foot that I would recommend that your list your home for sale based on the above data. Overpricing your home ultimately will get you less per square foot and longer days on the market.

If you are interested in learning more about the Coronado Real Estate market, please call me directly or visit www.coronado.org.

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

Coronado Cays Open House 

Presented By Gerri-Lynn Fives - Prudential California Realty

THE RESULTS ARE IN…….

2011 was a good year for home sales in the Coronado Cays!

Twenty-four single family homes located in the Coronado Cays closed escrow from January 1, 2011 to December 31, 2011. This was the highest number of homes sold in one year since 2005 according to data compiled from ©SANDICOR. According to data gathered from ©SANDICOR, 2011 also broke the record for highest sales price per square foot since 2008.  Gerri-Lynn Fives, a Broker Associate with Prudential California Realty in the Coronado Cays has the honor of being the listing agent for 3 Sandpiper Strand, Coronado Cays, which brought $805.73 per square foot, with only 12 days on market.  In 2011, the average days on market were 120 days.

It is worth noting that four homes sold on Trinidad Bend during 2011.  102 Trinidad Bend, which was also listed by Gerri-Lynn Fives, sold for $430.13 per square foot, which was the highest sold price per square foot on Trinidad Bend. This home only spent 28 days on the market.

Fifteen “attached” homes located in the Coronado Cays closed escrow from January 1, 2011 to December 31, 2011. This was the highest number of homes sold in one year since 2007 according to data compiled from ©SANDICOR.  On May 19, 2011 Gerri-Lynn Fives closed escrow on 11 Catspaw Cape, bringing $618.37 per square foot.  This price per square foot was the highest since 2008 when 35 Catspaw Cape sold for $711.31 per square foot.  Other homes on Catspaw Cape didn’t fair quite as well.  Its neighbor, 17 Catspaw Cape sold for $365.85 per square foot and 20 Catspaw Cape (an off water home) sold for $291.67 a square foot.  This was the lowest price per square foot that sold in 2011.

Antigua Village makes for an interesting case study.  Unfortunately, 41 Antigua Court was foreclosed upon by the bank. The bank brought it back to market and sold it for $349.46 per square foot.  When this happened it made it difficult for the traditional sale sellers of Antigua.  Gerri-Lynn Fives was the listing agent for 13 Antigua Court.  Gerri-Lynn reports having received 5 offers on the property with everyone basing their purchase price on the price per square foot of the bank owned property.  After 347 days on the market and six offers later, Gerri-Lynn sold 13 Antigua Court for $400.63 per square foot.  The average price for all of the 15 attached homes sold was $424.01.

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

Gerri-Lynn Fives, ABR, CIPS, CNE, CRS, GRI, RSPS, TRC

REALTOR® / Broker Associate

Prudential California Realty – Coronado

(619) 813-7193 Direct

DRE# 01274657

JustGL@CoronadoCays.com

Coronado Shines in Citizen Satisfaction Survey 

Everybody loves Coronado and I love selling real estate in Coronado!  What a great community to live, work and play in.  A National Citizen Survey reported that Coronado, California has some of the most satisfied residents in the country.  Coronado used the National Citizen Survey, a joint effort between the National Research Center and the International City/County Management Association, to produce a statistically valid study.  Questionnaires were mailed to 1,200 random Coronado homes (mine was not one of them) and 357 completed surveys were received.  Apparently the response rate (31%) was a typical response rate for a citizen survey.

Over 500 cities across the United States, including about 70 that are categorized as resort communities, have participated in the Nation Citizen Survey.  Coronado’s results were ranked nationally, as well as among resort communities with populations under 55,000. 

Nationally, Coronado ranked high in many of the 110 categories, including:

·         No. 1 of 318 communities in overall quality of services

·         No. 2 out of 255 communities for personal safety in the neighborhood

·         No. 1 of 280 communities in the quality of life

·         No. 3 of 238 communities in recreation opportunities

·         No. 1 of 264 communities in places to retire

When compared solely against resort communities ~ including cities such as Sedona, Arizona; Steamboat Springs, Colorado and North Palm Beach, Florida ~ Coronado, California ranked in the Top 5 in 77 of 110 measures, which included 46, number 1 rankings.  Areas in which Coronado ranked #1 included recreation programs, library services and value of services for taxes paid.  The survey and results can be found on the Coronado website www.coronado.ca.us.

I believe Coronado is a good place to live and offers an amazing quality of life. I stand firmly behind the “product that I sell”.   If you would like to find your next home, call me and I will help you fall in love with my Coronado.  Come for the day, but plan on spending a lifetime here.

Oh by the way…..if you are interested in buying Coronado real estate and touring Coronado homes for sale, I am your local real estate expert.  I limit the number of people that I work with so that I can concentrate on giving you the service you need and deserve.  Please consider my dedication to the profession with over 12 years of experience, my seven NAR designations and my drive to serve my clients the next time you need a REALTOR®.

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

Gerri-Lynn Fives, ABR, CIPS, CNE, CRS, GRI, RSPS, TRC

REALTOR / Broker Associate

Prudential California Realty – Coronado

(619) 813-7193 Direct

DRE# 01274657

JustGL@CoronadoBeach.com

www.CoronadoBeach.com

www.CoronadoCays.com

www.Coronado.org

Gerri-Lynn Fives and Prudential California Realty Proudly Offer For Sale

30 SPINNAKER WAY in the Beautiful Coronado Cays! MLS# 110032504

CORONADO, CALIFORNIA: June 21, 2011 – This Coronado Cays home on Spinnaker Way has one of the best views in Calypso Cay! You will find your zen in the backyard with its tranquil views and outdoor kitchen, complete with BBQ, sink, refrigerator & fireplace. The kitchen is amazing from its granite counter, island work station, 5-burner gas stove with a commercial grade blower, stainless refrigerator inside and out, plus double oven with convection down to heated travertine floor. Private dock out the back door will accommodate two 50 ft yachts.

This amazing home located in the Calypso Cay Village of the Coronado Cays has so many designer touches that you really must see to appreciate. Tiger Woods himself would be honored to live here with the luxurious Tigerwood flooring. Enter the media room through a leaded glass double door and you will immediately see the custom made cabinet that houses a 60" Pioneer Elite TV. You can't help but notice the smell of leather as you spy the comfortable home theatre chairs. Across from the media room is a wine closet complete with a wine cooler. There is also an 8x8 laundry room on the main floor. The stairs and the upper level floor are Brazilian cherry wood.

The master bedroom is quite the retreat. The vaulted ceilings and fireplace as well as bay views add an unsurpassed ambience. The marble and granite fireplace insert was hand carved. Enjoy the morning sunrise from the balcony off of the master bedroom. The master bath is amazing. The granite counter top and shower is Brazilian Jade Granite. The walk in shower is a rain shower with opal black nickel finish. Relax and de-stress in your Jacuzzi pure air bathtub. No master bath would be complete without a $1200 toilet seat and heated travertine floor!

The open spaces between the Coronado Cays Villages and the sea add to the tranquil beauty of the Cays. There are several playground areas for children to play. Your dogs will especially love living in the Coronado Cays. It appears that the Dogs in the Cays have their own social life. The City of Coronado agreed to an "off leash" play area for local dogs. A portion of South Cays Park is officially an "open-space dog run." Dogs must be under voice control, and owners must clean up after their dogs. Expect more than a home at 30 Spinnaker Way....create a lifestyle in the Coronado Cays.

For your exclusive viewing appointment, Please contact Gerri-Lynn Fives directly at (619) 813-7193

 About Gerri-Lynn Fives:

Gerri-Lynn Fives, ABR, CIPS, CNE, CRS, GRI, RSPS, TRC, REALTOR^â / Broker Associate with Prudential California Realty has been a California licensed real estate broker since 2000 and is considered one of Prudential California Realty’s most outstanding associate brokers. Gerri-Lynn has a unique recipe for success that results in continuously exceeding the expectations of her clients. Her positive attitude, contagious enthusiasm and extensive market knowledge make partnering with Gerri-Lynn a truly pleasurable and educational experience! Gerri-Lynn’s track record consistently shows her clients working with her time after time and referring her to their friends and family. Gerri-Lynn is an outstanding communicator and she understands the importance of listening closely to her client’s needs.

www.SpinnakerWay.com

All Coronado Cays Homes For Sale as of May 29, 2011

Search All Coronado Cays Real Estate

Search All Coronado Cays Condos

MLS#                     Address                                       Community        Zip              Price

100063907           88 Montego Ct                        Coronado Cays  92118    $525,000

100068174           36 Montego Ct                        Coronado Cays  92118  $585,000

110010580           9 Montego Ct                        Coronado Cays  92118    $640,000

110022983           41 Antigua Ct                          Coronado Cays  92118    $713,900

110000192           13 Antigua Ct                           Coronado Cays  92118    $730,000

100058289           2 Jamaica Village Rd            Coronado Cays  92118   $749,000

110001718           63 Montego Ct                        Coronado Cays  92118   $749,000

110014525           49 Delaport Pl                              Coronado Cays  92118    $763,000

110003886           11 Jamaica Village Rd               Coronado Cays  92118    $799,000

110022122           62 Half Moon Bend                Coronado Cays  92118    $799,000

100070442           70 Kingston Ct W                    Coronado Cays  92118    $810,000

090065403           13 JAMAICA VILLAGE ROAD  Coronado Cays  92118  $814,267

110004229           34 Half Moon Bend                     Coronado Cays  92118    $860,000

100046899           20 CATSPAW CAPE            Coronado Cays  92118    $875,000

110021265           48 Antigua Ct                        Coronado Cays  92118    $879,000

110024797           42 TRINIDAD BEND            Coronado Cays  92118    $955,000

110006799           12 Kingston Ct E                    Coronado Cays  92118    $980,000

100072393           91 Kingston Ct W                  Coronado Cays  92118    $995,000

110002239           89 Half Moon Bend              Coronado Cays  92118    $995,000

110018242           89 Half Moon Bnd                Coronado Cays  92118  $995,000

110025798           96 Trinidad Bend                    Coronado Cays  92118    $999,000

110024875           6 Kingston Ct E                      Coronado Cays  92118    $1,050,000

110029752           52 Mardi Gras Rd                     Coronado Cays  92118    $1,075,000

110023620           17 Aruba                                    Coronado Cays  92118    $1,095,000

110018026           2 SAINT KITTS WAY              Coronado Cays  92118    $1,129,000

100060067           23 KINGSTON COURT          Coronado Cays  92118    $1,145,000

110024814           41 Tunapuna Ln                      Coronado Cays  92118    $1,250,000

110024027           15 Aruba                                    Coronado Cays  92118    $1,285,000

110022891           79 Tunapuna Ln                      Coronado Cays  92118    $1,300,000

110023914           49 Green Turtle Rd                 Coronado Cays  92118    $1,375,000

082037441           49 Antigua Ct                            Coronado Cays  92118    $1,390,000

100048728           33 Green Turtle Rd                  Coronado Cays  92118    $1,450,000

100055362           39 Green Turtle Rd                Coronado Cays  92118    $1,450,000

100000889           95 PORT OF SPAIN                Coronado Cays  92118    $1,495,000

100063207           61 Port Of Spain Rd                Coronado Cays  92118    $1,495,000

110000880           66 Half Moon Bend              Coronado Cays  92118    $1,495,000

100068052           14 Sandpiper Strand              Coronado Cays  92118    $1,580,000

110030699           18 The Point                            Coronado Cays  92118    $1,695,000

100068079           12 Sixpence Wy                    Coronado Cays  92118    $1,749,000

100068088           46 Admiralty Cross          Coronado Cays  92118    $1,950,000

110021350           38 Sandpiper Strand            Coronado Cays  92118    $1,990,000

110021983           55 Blue Anchor Cay Rd        Coronado Cays  92118    $1,994,000

100068029           11 Sixpence Wy                      Coronado Cays  92118    $1,995,000

100068752           36 Admiralty Cross          Coronado Cays  92118    $1,995,000

100026240           50 Blue Anchor Cay Rd      Coronado Cays  92118    $2,150,000

110012897           8 Blue Anchor Cay              Coronado Cays  92118    $2,350,000

100031736           29 The Point                      Coronado Cays  92118  $2 ,495,000

100068274           8 The Point                                Coronado Cays  92118    $2,499,000

110024704           33 The Point                              Coronado Cays  92118    $2,595,000

110007398           24 Sandpiper Strand              Coronado Cays  92118    $2,695,000

100068182           53 THE POINT                        Coronado Cays  92118    $2,750,000

100068016           5 Green Turtle Rd                    Coronado Cays  92118    $2,795,000

110029745           3 Sandpiper Strand                  Coronado Cays  92118    $2,985,000

100056447           45 SPINNAKER WAY              Coronado Cays  92118    $2,995,000

100062900           28 Admiralty Cross                Coronado Cays  92118    $2,995,000

100068024           9 Sixpence Wy                          Coronado Cays  92118    $2,995,000

100068169           11 Green Turtle Rd                Coronado Cays  92118    $3,750,000

100068002           5 The Point                              Coronado Cays  92118    $3,995,000

110001707           14 Spinnaker Wy                    Coronado Cays  92118    $4,150,000

100069023           4 Spinnaker Wy                      Coronado Cays  92118  $4,250,000

110011973           15 Green Turtle Rd                Coronado Cays  92118    $4,295,000

110019960           9 Green Turtle Rd                  Coronado Cays  92118    $5,900,000