The Coronado Ranch Real Estate Market Report for December 2024

Happy New Year Coronado Ranch! Every year the calendar turns over we find the opportunity to reflect on the year before, to plan for the tasks in the year ahead and to envision ourselves and our priorities closely as we strive to improve.

It is my wish that each and every one of my neighbors here in Coronado Ranch enjoy a 2025 filled with success and prosperity in all aspects of your life.

Now let's take a look at how 2024 wrapped up in Coronado Ranch. 

Months of Supply of Inventory

Months Supply of Inventory held steady at 2.15 months. With only two home sales in December and one new arrival to the market, there wasn't any movement to this statistic. This means that if no new homes were to come on the market, it would take about 2.15 months to sell all the existing homes.

Total inventory held steady in December leaving the total active listings at 5. Almost all of which are above the average size in our community. 

Median Days on Market

Median Days Homes are On the Market - December was 50 days on the market, which was an increase of 58% month over month. This particular statistic does fluctuate, sometimes wildly, depending on how long homes are kept on the market. December saw two closings, averaging 57 days, while only one new listing appeared to temper this number. While this statistic did increase, this time of year tends to see a decrease in sold homes due to all the holiday festivities pulling the attention of would-be home buyers. 

List to Sold Price Percentage

The List to Sold Price Percentage of 97.71% increased slightly from last month. Homes continue to sell very close to their listing prices. Buyer's demand continues to be strong and our neighbors are getting solid guidance when establishing pricing strategies to keep these number strong.

Median Sold Price

Lastly, we have the Median Sold Price for December, which stands at $507,000. This gives us a snapshot of the price of homes that sold in December versus prior the prior month. This number saw a marked decline from the prior month of 27.79%. This is due to the fact that the two homes that closed in December were smaller models and the purchase prices were low in comparison to the average in our community.

In evaluating the 2024 the median sold price was $617,000 showing a 2.3% increase over the prior year. Even in a market with volatile interest rates, an election and some economic turmoil, Coronado Ranch continues to push forward.

Coronado Ranch Real Estate Market Summary

So, what does all of this mean to you?

The overview continues to show a Seller's market which is baffling when most other markets have moved to Buyer's markets or at least balanced markets. The amenity rich area surrounding Coronado Ranch including restaurants, schools, parks, jobs and transportation access make for a prime target for prospective buyers.

 

Do you own a home in Coronado Ranch? Take advantage of our FREE monthly home valuation estimate, including the market activity report! This one report has everything you will need to stay on top of your home value, see every property for sale in our neighborhood & so much more.

Would you like to see the homes available in Coronado Ranch right now? Get all the details & photos at Coronado Ranch Homes for Sale. 

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