Forbes Magazine: Coronado one of the Best Luxury Zip Codes in the U.S. to Sell a Home

Forbes Magazine named Coronado one of the best zip codes in the U.S. in which to sell a home.

"A city of only 24,000, it's half resort town and half affluent enclave, with its residents pulling in $105,000 a year at the median level," says the article. " While few sellers are getting their asking prices (these sellers recently reduced their price by $200,000), a flurry of recent activity in the market makes Coronado one of the best luxury zip codes in the U.S. in which to sell a home. While most other pristine suburbs languish with few sales, there have been 51 transactions in Coronado in the last 90 days, a terrific mark when you consider there are only 212 active listings.

"The spring bounce has helped lead the market to a 6.6% increase from this time last year, according to the Forbes Luxury Housing Index, a weekly review of the nation's 500 most expensive ZIP codes based on real estate statistics from Altos Research. That makes it this week's second-highest gainer.

"Whether the market can sustain such a sales rate is anyone's guess, but at least for now it's showing signs of life."

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