Coronado

Market Action Index (MAI) as of Nov 6, 2023 Slight Seller’s Advantage: The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. Market Segments as of Nov 6, 2023 Each segment below represents approximately 25% of the market ordered by price. Source: Altos Research   Welcome to Coronado, CA, a captivating island nestled along the shores of San Diego Bay. With its pristine beaches, breathtaking ocean vistas, and serene, resort-like ambiance, Coronado is one of the most coveted getaway spots in California. Just a stone’s throw away from Downtown San Diego, Coronado is easily accessible via the iconic San Diego-Coronado Bridge or the scenic State Route 75 along the Silver Strand. Its prime location also puts it within easy reach of other popular areas in San Diego County, including La Jolla, Point Loma, and Balboa Park. Coronado has a land area of approximately 7.8 square miles, populated by a vibrant community of around 25,000 residents, Coronado offers coastal tranquility, nostalgic charm, and cosmopolitan convenience. But before you start your search for homes for sale in Coronado, CA, here’s what you need to know:

KEY MOMENTS IN CORONADO, CA HISTORY

From its humble beginnings as a remote island to its evolution into one of the most prestigious resort cities in the country, Coronado has a long and fascinating history that contributes to its present-day allure. Here are key moments in Coronado, CA’s history:

1. The construction of Hotel Del CoronadoSince its grand opening in 1888, Hotel Del Coronado has captivated guests with its opulent amenities and timeless charm. Pioneering the concept of a destination resort even before the term existed, The Del was a beacon of luxury, boasting state-of-the-art electricity and modern conveniences that were unprecedented for its time. It became a playground for the affluent, drawing in distinguished clientele from all over the Midwest, East Coast, and Europe.Today, Hotel del Coronado stands as a testament to Coronado’s rich history, a beloved landmark that has played a significant role in shaping the city’s reputation as a premier resort destination. Its grandeur and allure continue to captivate visitors from around the world, making it an enduring symbol of the city’s storied past and vibrant present.
2. The opening of the Coronado BridgeWhen the Coronado Bridge was opened in 1969, it forever changed the landscape of this idyllic island. It provided a direct link to mainland San Diego, attracting more visitors and new residents who were drawn by the city’s tranquility and convenient access to San Diego’s urban centers.This brought about significant changes, from shifts in traffic patterns to a boom in its tourism and hospitality industries. While the increased accessibility and visibility spurred the growth of businesses and the increase of property values in Coronado, strict zoning and development regulations continued to protect its residential neighborhoods, historic landmarks, and coastal environment.The result is a beautifully developed city that stayed true to its small-town charm and historic character, where residents can enjoy its natural beauty and high quality of life for years and generations to come.
3. The naval and military heritageThe Navy’s presence in Coronado dates back to as early as 1911, but it was not until 1917 that North Island was officially commissioned as a naval air station, playing a pivotal role in the development of aviation in the United States and Coronado’s military history.During World War II, Naval Air Station North Island served as a major continental U.S. base supporting the operating forces in the Pacific. The sheer scale of the base led to an influx of aircraft factory workers and dependents to the island, as the base operated around the clock to support the war effort.Coronado became a hub for military families and personnel, and a strong sense of patriotism and appreciation for the armed forces is still prevalent among its residents today. The military also plays a significant role in the local economy, with defense-related industries contributing to the city’s economic vitality.

HOMES FOR SALE IN CORONADO, CA

Coronado’s real estate market is characterized by its highly desirable coastal location, which offers unparalleled ocean views, world-class beaches, and a relaxed lifestyle unlike anywhere else. Along with the city’s limited land supply and historic character, it’s no surprise that the demand for homes in Coronado remains consistently high. Property values appreciated by 109.27% since 2000, making real estate in the area a solid investment. Architectural styles. You can find a diverse array of architectural styles in Coronado, most of which reflect the city’s rich history and coastal environment. From Spanish Revival and Craftsman-style homes to Mid-Century Modern and Cape Cod bungalows, there’s a great emphasis on preserving the area’s history and natural environment. Features and amenities. Many homes in the market boast custom features and amenities like in-ground swimming pools, outdoor entertaining spaces, rooftop decks with panoramic views, gourmet kitchens, high-end finishes, and smart home technology. Some of the older properties still feature the original details and finishes from when they were first built, such as vintage tile work, original hardwood flooring, crown molding, coffered ceilings, and other period-specific details, which adds character and historic value to the property. Property types. The diverse range of homes for sale in Coronado, CA include:

1. Beachfront or waterfront propertiesAs a peninsula, Coronado offers a wealth of waterfront properties. Whether you choose a grand mansion with easy access to the beach or a luxury condo with commanding views of the Pacific Ocean, a waterfront home gives you the ultimate island experience.Not only will you have access to the water, but you will also have proximity to the best parks, shops, and restaurants in the area. These properties feature expansive living and outdoor areas as well, with premium amenities for relaxing and entertaining.
2. CondominiumsCoronado has a significant number of condominium complexes that can vary in size, amenities, and location. Expect options ranging from cozy units with easy access to nearby shops and restaurants to spacious penthouses with panoramic bay or city views. Condos are also a popular choice for those looking for a lock-and-leave lifestyle or investment property.
3. Luxury propertiesThe city is known for its stunning high-end properties, some of which are valued well above $10 million. These homes often feature top-of-the-line amenities, exquisite craftsmanship, private outdoor spaces, and prime locations overlooking the ocean, bay, or golf course.Some estates are even historic landmarks in their own right, with meticulously preserved details and finishes – such as opulent ironwork and tile flooring, stained-glass finishes, and hand-painted coffered ceilings – as well as the latest home tech and appliances.

LIVING IN CORONADO, CA

With its beautiful surroundings, pleasant climate, strong sense of community, and range of recreational opportunities, Coronado offers an island lifestyle unlike anywhere else. Before you start looking for homes for sale in Coronado, CA, here’s a snapshot of what it’s like to live in Crown City: Schools Students from kindergarten to high school are serviced by the Coronado Unified School District, a top-rated school district known for its high academic standards, experienced teachers, and strong community involvement. It consists of Coronado Village Elementary, Coronado Middle School (CMS), and Coronado High School, which also houses the Coronado School of the Arts. Private school options include Sacred Heart Parish School and Christ Church Day School. Economy Tourism plays a critical role in Coronado’s local economy, with numerous hotels, restaurants, shops, and recreational activities catering to visitors and providing job opportunities for residents. Moreover, Coronado is home to Naval Base Coronado and Naval Amphibious Base Coronado, which are two of the biggest employers in the area. These military installations provide employment opportunities in various fields, such as defense, administration, logistics, and support services. The city has a supportive and business-friendly environment as well, with many opportunities for residents to establish or expand their businesses. The Coronado Chamber of Commerce and the Coronado MainStreet Program, for example, offers a variety of resources, networking events, and festivities that help homegrown businesses promote their products and services while also connecting with other entrepreneurs and businesses. San Diego County also offers several incentives to encourage the development and growth of small, locally owned businesses, such as tax exemption programs and other forms of financial assistance. Transportation and accessibility Coronado offers easy access to Downtown San Diego and other parts of the county through the Coronado Bridge and the Silver Strand Highway (State Route 75), both of which provide a direct route for vehicles traveling to and from the island, as well as scenic views of the bay and the San Diego cityscape. There are also several public transportation options available for pedestrians and commuters. The San Diego Metropolitan Transit System operates several bus routes that connect Coronado with other areas of San Diego County, making it convenient for residents and visitors to travel within the region. The city has a Free Summer Shuttle program that runs from May through September as well. Within Coronado, there are many pedestrian-friendly streets and designated biking and cycling paths for residents and visitors who prefer a healthy and environmentally-friendly way of getting around the city. Parks and recreational facilities Coronado is known for its beautiful parks and recreational facilities, offering residents and visitors plenty of opportunities to enjoy outdoor activities. Here are some of them:

• Coronado Central Beach is a world-renowned destination, known for its sparkling white sands, gentle surf, and stunning views of the Pacific Ocean. Situated along Ocean Boulevard, it is lined with historic homes and mansions, including the iconic Hotel del Coronado. This beach is also a popular spot for picnicking, boogie boarding, beachcombing, and dog walking.
• Nestled at the base of Coronado Bridge, Tidelands Park is the largest park surrounding San Diego Bay. Aside from its picturesque views, this waterfront park also has a small beach, an disability-inclusive playground, several recreational fields, picnic areas, and a scenic bike path that stretches from the Silver Strand to the Old Ferry Landing.
• Located at the heart of Coronado Village, Spreckels Park is a charming green space filled with mature trees, open lawns, and a historic bandstand. It is the community’s go-to venue for various events, concerts, and festivities, such as the summer Concerts in the Park and the Coronado Flower Show.
• The Coronado Golf Course is an award-winning, public 18-hole golf course that offers stunning views of the harbor and downtown San Diego. Golfers of all levels can test their skills with its challenging course, fine-tune their technique at the practice facilities, or buy much-needed equipment at their pro shop.
• Silver Strand State Beach is named after the silver oyster shells that’s abundant in the area. Here you can indulge in a wide range of activities, from swimming, kayaking and waterskiing to fishing, shell collecting and overnight RV camping. There’s also a 10-mile-long bike trail that winds across the isthmus, from Imperial Beach to Coronado.

Shopping and dining Coronado offers a vibrant shopping and dining scene, with a variety of options for residents and visitors to explore. Here’s an overview:

• Ferry Landing Marketplace. Located at the Coronado Ferry Landing, this waterfront shopping center offers a variety of shops, and restaurants as well as stunning views of the San Diego Bay and city skyline. You can also rent a bike or surrey to explore the surrounding area, kayak along San Diego Bat, or go on an unforgettable dining cruise.
• Orange Avenue. Also known as Coronado’s iconic main street, Orange Avenue is lined with shops, restaurants, and historic landmarks. Despite being the heart of the island’s commercial district, Orange Avenue offers a small-town feel with its selection of homegrown boutiques, eateries, and community events. One-of-a-kind finds like Bazaar del Mundo, Coronado Taste of Oils, and Seaside Papery are also located along the avenue.
• Bluewater Grill. First established in Newport Beach in 1996, Bluewater Coronado offers a casual atmosphere and serves locally sourced seafood. Located in the former Hotel Del Coronado Boathouse, the restaurant also features a waterfront patio and private upstairs dining room with romantic views of the Glorietta Bay.
• Stake Chophouse & Bar. This classic steakhouse boasts a tantalizing selection of prime cuts sourced from around the world, as well as fresh seafood and locally-sourced sides. They are also one of only three steakhouses in San Diego to have a wine program that has been recognized by Wine Spectator’s Best of Award of Excellence for seven consecutive years.
• Clayton’s Coffee Shop. Still featuring its original horseshoe counter and vintage booths, Clayton’s takes you back to the 1940s with their classic American diner experience. You can indulge in comfort food favorites like biscuits with gravy, fresh baked turkey dinner, burgers, milkshakes, and more. In a rush? They also have an Old Fashioned Sidewalk Pick Up Window on 10th street, where you can get your coffee and homemade cookies to-go.

Arts, culture, and community A big part of what makes Coronado a vibrant and engaging place to live is its small-town character, strong sense of community, and thriving arts scene. Here are some places and events you should check out:

• The Coronado Community Center has state-of-the-art facilities that can accommodate a variety of recreational activities, including an aquatics center, a fitness center, a dance studio, a NCAA regulation-sized basketball court and gym, an indoor climbing wall, a 250-person banquet room, and two activity rooms. There’s also a skatepark, tennis center, and municipal golf course nearby.
• Aside from being the city’s main library and resource center, The Coronado Public Library is also a warm community gathering place that hosts a variety of events and programs, including storybook readings, art exhibits, book clubs, workshops, forums, and other cultural events.
• The Coronado Farmers Market is a weekly event that takes place on Tuesday afternoons at Coronado Ferry Landing Park, where you can buy from and connect with local farmers, artisans, and vendors. From fresh produce and locally sourced products to handmade crafts and artworks, residents and visitors can purchase great food and items while also having the opportunity to support local agriculture and small businesses.
• Located along Orange Avenue, The Coronado Museum showcases the rich history and culture of the island. Managed by the Coronado Historical Association, it features displays on the island’s early days, famous residents, military history, and more. All provide insights into the community’s heritage. The museum also holds a variety of lectures, forums, and walking tours.
• Lamb’s Players Theatre is one of the region’s top not-for-profit professional performing arts organizations, entertaining audiences for almost 50 years. Located in the historic Spreckels Building, the theater features European amphitheater-style seating around a thrust stage, providing an intimate and impactful experience.
• The Coronado Art Association is a local nonprofit that promotes and supports up-and-coming artists in the community through regular art shows and exhibits. One example is Art-In-The-Park, which occurs every 1st and 3rd Sundays of each month at Spreckels Park, where participating artists can display their works and connect with the community.

FIND YOUR DREAM HOME IN CORONADO TODAY

Ready to start your search for homes for sale in Coronado, CA? Don’t settle for anything less than the best. My name is Vicki Inghram, a Coronado and San Diego Realtor with over 23 years of experience in the industry. When it comes to my expertise and understanding of the local market, my credentials and achievements speak for themselves:

• An Accredited Home Staging Expert and Luxury Collection Specialist with a track record of getting the highest price possible in record time
• Consistently ranking Top in Sales in Coronado and San Diego, as well as in the Top 1% in the nation.
• Outstanding Customer Service Platinum ratings from RatedAgents.com

Get in touch with Vicki today and take that first step towards accomplishing your goals. Call +1.619.204.3400 or email Vicki here.