COMMUNITY INFORMATION
The city of Coronado is located in Central San Diego County within the state of California, USA. This 13.5 square mile community is situated on a peninsula that looks more like an island. Access to this community is available via the Coronado Bay Bridge, by water ferry, or by highway 75.
Coronado lies within the 92118 Zip Code. There are approximately 34,471 residents in this Zip code and 12,387 households. The median age of the population is 35.16 years.
TEMPERATURE
The temperature in Coronado is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 71?F. The coldest time of year occurs in December with average temperatures falling to 57? F.
HOME AND REAL ESTATE PRICES
The housing options in Coronado include single-family homes, condominiums, townhouses, and apartments. The price of housing is as follows:
? One bedroom townhouse or condo starts in the high $500,000
? Two bedroom townhouse or condo starts in the high $600,000
? Three bedroom townhouse or condo starts in the low $900,000
? Three bedroom single family house starts in high $1,100,000
? Four bedroom single-family home starts in low $1,1200,000
REAL ESTATE MARKET TRENDS
As with most products and services in the United States, price shifts in the real estate industry are subject to the forces of supply and demand. Whether it's a buyers market or a seller's market, it is useful to evaluate home sales data for the most recent month available (June 2006), compared against the same period in the previous year.
The median price of single-family homes jumped from $1,570,000 in June 2005 to $1,775,000 in June 2006, which represents a 13.1% increase. While homes sold faster in June 2006 (92 days) compared to June 2005 (105 days), overall, fewer homes sold in June 2006 (15 homes) than in June 2005 (21 homes).
The median price of condominiums and townhomes dropped from $1,052,500 in June 2005 to $784,500 in June 2006, which represents a 25.5% decline. Moreover, fewer units sold in June 2006 (6 homes) than in June 2005 (18 homes). Homes also took longer to sell in June 2006 (82 days) than in June 2005 (63 days).
Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time. Therefore, the data must be evaluated over a longer duration to understand enduring market trends.
SCHOOL INFORMATION AND COMPARISONS
The students in Coronado are served by the Coronado Unified School District. These students undergo annual testing to evaluate their academic performance. The results of these tests are combined by the California Department of Education into a composite score known as the Academic Performance Index (API), which has a range of 200 to 1000. The statewide goal for schools is to achieve a score of 800 or above.
Based on the most recent data available as of July 31, 2006, the two elementary schools in Coronado performed above statewide goals: Coronado Village Elementary (API = 919) and Silver Strand Elementary (API = 866). Coronado Middle School earned an API of 872 and Coronado High School had an API of 838.
