Coronado, California is a peninsula within the San Diego County, known for its many resorts that mainly drive tourism and its local economy. It is a beach community with many of its waters and shores top-rating lists of great beaches within the country.
San Diego’s Official Tourism website shared the many attractions this city is known for.
“Coronado’s coastline offers wide sandy beaches with sparkling sand, courtesy of the mineral Mica, that draw visitors from around the world. With its elegant gardens, old-world mansions, quaint shops, and oceanfront dining with spectacular sunset views, no wonder this charmed small town has been dubbed ‘The Crown City,’ as Coronado means ‘the crowned one’ in Spanish.”
Check out the rest of the amenities and attractions in Coronado through the Tourism Authority’s website here.
Houses in Coronado
Livability website Areavibes.com posted information on the real property market in Coronado, California. One of the areas discussed was the affordability of properties there, which when compared to the rest of California totals to more than 200%.
“Properties in Coronado, CA average a cost of $1,332,500, which is 226% higher than the median home price for real estate located in California. This means that the region of Coronado, CA is, on average, less affordable when compared to the remainder of California. Since tenants living in Coronado, CA will pay an average of $2,268, the median rental cost is 75% higher than in California.”
Take a look at the rest of the information shared by areavibes.com here.
Property Report Coronado
Neighborhoodscout.com meantime gave an overview of the housing market in Coronado, Ca. In that web post, they mentioned that Coronado is one of the cities with the highest appreciating real property value within the whole state of California.
“Coronado appreciation rates continue to be some of the highest in America, at 11.24%, which is higher than appreciation rates in 94.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coronado. Coronado appreciation rates in the latest quarter were at 2.07%, which equates to an annual appreciation rate of 8.55%.”
Read more about the Coronado housing market here.
Investment properties are indeed well worth the price in Coronado, CA. The high appreciation rates of properties in the area, assure buyers that there will definitely be a sizeable return of investment.