Because there is a limited supply of land on the island, with an ever-growing demand, even the smallest lot size or condominium's value will continue to grow over time. There are bargains to be had in Coronado, although they take an experienced local Realtor to find.
Is Coronado a rich neighborhood?
It's the most expensive zip code in San Diego with a 2019 median home sale price of $2.414 million. Coronado's 92118 landed in the 76th spot on the list with a 2019 median sale price of $1.565 million. Zip codes in Del Mar and La Jolla also made the list.
Is Coronado CA expensive?
According to C2ER (the Council for Community and Economic Research), the cost of living in Coronado is estimated to be 140.4% of the national average making it one of the more expensive cities in the US.