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