The Coronado Ranch Real Estate Market Report for May 2025
Nine new sales in Coronado Ranch. That's the most sales we've seen in one month since March of 2022! Interest rate challenges and affordability issues don't seem to have any impact on a robust market here in Coronado Ranch.
Months of Supply of Inventory
Months Supply of Inventory fell again to 3.45 months. Last month we saw a high volume of homes go under contract; however, this month shows only one home with an offer. The 10 homes actively on the market as of this post, certainly have time to impact these number next month. This means that if no new homes were to come on the market, it would take about 3.45 months to sell all the existing homes that are currently for sale.
Median Days on Market
Median Days Homes are On the Market - May was 61 days on the market, which is a significant increase month over month. This particular statistic does fluctuate, sometimes wildly, depending on how long homes are kept on the market.
List to Sold Price Percentage
The List to Sold Price Percentage of 97.9% was a slight decrease from last month.
The continuing trend of Seller's offering concessions toward buyer closing costs continues. Each of the homes sold last month included some concession. From a low of $500 to a high of nearly $20,000.
Median Price per Square Foot
Lastly, we have the Median Sold Price Per Square Foot for May, which stands at $262.00. While this one statistic is hardly the metric on which to base a home valuation, it does provide a solid place to start based upon the size of your home.
Simply multiply the number by total square feet in your home and there you go!
Coronado Ranch Real Estate Market Summary
So, what does all of this mean to you?
We're in a seller's market, but if you are a seller you had better be ready to do a little bargaining.
The willingness of sellers to make a deal to get moved was center stage in May and buyers have shown they are willing to pay the seller's price if they can get some closing cost relief.
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