After only 2 days on market, this beautifully remodeled historic home in the Coronado Historic District at 810 E. Palm Lane closed escrow at $330,000 which is $196/SF, $3.00 per foot higher than asking price. The original list price was $325,000. This property, alongside another at 1338 E. Palm that sold on Palm lane just 2 days ago for $208/SF at $256,000 has helped raise the bar in the area as prices valley-wide continue to rise.
As of today, 30 properties have changed hands in the MLS since the January 1 of this year, not including others that may have sold at auction or were not sold through a REALTOR. Today in Coronado, the average time it takes to sell a home is about 50 days with an absorption rate of about 2.61 months. In other words, it would take approximately 2.6 months for all 10 of the active properties to turn over.