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The Coronado Ranch Real Estate Market Report for January, 2025
2025 started with a bang! I sure hope that your New Year's resolutions are still going strong and your goals for the year are getting closer to receiving that check mark.
If a move is on your list, look no further. We've got all the information to help you make the best decision and the expertise to move forward with confidence.
Let's dive into what's happening in Coronado Ranch to start the year.
Months of Supply of Inventory
Months Supply of Inventory jumped to 3.43 as only one home sold in January and a new crop of homes arrived on the market. 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 that are currently for sale.
Total inventory rose in January, with the total active listings at 8.
Median Days on Market
Median Days Homes are On the Market - January was 44 days on the market, which was decrease of 12% month over month. This particular statistic does fluctuate, sometimes wildly, depending on how long homes are kept on the market. January's one closing and the new arrivals to the market have brought this number down. We expect this number to continue a downward trend as the new listings appear to be priced appropriately although we do have two homes that have languished on the market for over 100 days.
List to Sold Price Percentage
The List to Sold Price Percentage of 98.64% 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 $725,000. This gives us a snapshot of the price of the one home that sold in January versus the prior month. This number saw a marked increase from the prior month of 42.99%. This is due to the fact that only one home that closed in January.
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 continues to astonish the experts as most other markets have moved to Buyer's markets or at least balanced markets. Coronado Ranch continues rank highly among prospecive buyers and the stability of our market is a key indicator that this will continue on in 2025.
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