Coronado Island Homes

COSA STUDENTS TO PERFORM KINGSTON TRIO MUSIC

admin — Sat, 16 Mar 2013 23:37:51 +0000

On Tuesday, March 19, in conjunction with the Coronado Historical Association’s current museum exhibit honoring the Kingston Trio, COSA students will conclude their concert with a “grand finale” of four popular Kingston Trio numbers. The students have been working with Artist-in-Residence Joey Harris, nephew of Trio member Nick Reynolds, and COSA’s Instrumental Music Director Matt Heinecke.

The Kingston Trio is credited with creating a pop-folk musical movement that would reverberate for generations to come. They started out playing calypso music, which is why the group was named the Kingston Trio (for Kingston, Jamaica), but quickly expanded their repertoire. Within a year of being “discovered” at the Purple Onion in San Francisco, these talented college performers had produced the number one song on the pop charts—“Tom Dooley”—which became the record of the year in 1958.

Tickets are $5 for Adults, $3 for CUSD Students/Staff and can be purchase at the door 30 minutes before the show or online at http://cosasandiego.com/calendar/event/instrumental-music-recital.

JUMBO HOME LOAN BUSINESS IS BOOMING

admin — Sat, 16 Mar 2013 23:12:31 +0000

Redwood Trust, the first investment trust to offer mortgage-backed securities since the financial collapse of 2008, plans to sell $576.4 million in residential mortgage-backed bonds. “That’s on top of the $1.7 billion tied to home mortgage loans it has already issued this year, twice the total sales covering 2010 and 2011” according to data compiled by Bloomberg.

Redwood specializes in jumbo loans, usually over $625,000 in high-end areas, that are not backed by federal agencies such as Fannie Mae, Freddie Mac and the FHA. If investors are looking for another sign that the housing market is recovering, this is it. CEO Martin Hughes says that Redwood’s goal for 2013 is “to acquire and securities approximately $7 billion of residential mortgage loans. Record low interest rates are providing additional affordability, which should protect against price declines absent a second recession”.

Fitch Ratings is said to be giving most of the $576.4 million of Redwood’s securities its triple-A stamp of approval.

Source: Andrew Ross, San Francisco Chronicle, Mar. 16, 2013

SAN DIEGO REAL ESTATE CONTINUES TO STRENGTHEN

admin — Sat, 09 Mar 2013 23:54:44 +0000

The San Diego Association of Realtors reports that rising housing prices are injecting a new energy into the move-up market for San Diego County home buyers. The price of a single-family home went up 14% for the first time in two years. The cost for both attached and detached residences climbed 18%. President Linda Lee advises prospective buyers to get prepared before starting that home-search. Be pre-qualified with a lender, so you know exactly what you can afford, before you become emotionally attached to a property that is not in your price range.

GEM AWARD RECOGNIZES RENOVATED HOME FOR REFLECTING ISLAND HISTORY

admin — Sat, 09 Mar 2013 23:38:06 +0000

A 1912 Craftsman home at 810 Adella Avenue was awarded the first-ever GEM Award from the Coronado Historical Association. ”The modest interior remodel grew into a full-blown historic research/restoration project…” which resulted in the “Going the Extra Mile” or, GEM, award. The award was presented to the owners during CHA’s annual gala on February 23 at the Marriott Coronado Island Resort. In addition to period-correct shingles and stone pillars, authentic lights, and paint and window choices, moldings, finishes, and cabinetry take you back to the early 20th century when the house was built. Residents of Coronado are grateful for the dedication that went into the preservation of this beautiful Craftsman home.

PRUDENTIAL SOUTHERN CALIFORNIA RANKED #1!!

admin — Thu, 07 Mar 2013 02:42:32 +0000

We are #1 in sales volume again in San Diego! $3.976 billion in sales, 2012 – San Diego. $10.5 billion in total company sales! Congratulations to the PruSoCal Realty Team!!

NEW CROWN PRE-SCHOOL OPEN HOUSE MARCH 11

admin — Mon, 04 Mar 2013 19:37:51 +0000

An Open House for the new Crown Pre-School will be held on Mar. 11^th, from 9-11 a.m. and, for working parents, from 5:30 – 7:30 p.m. at 199 6^th Street. The mission of the pre-school is to “reach out to our community; sow the seeds of our young children; nourish their development socially, intellectually, physically, and emotionally – and grow them into vibrant, healthy contributors to our world”. Based on the 6 pillars of character, trustworthiness, respect, responsibility, fairness, caring and citizenship, Crown pre-school will incorporate safe and intimate class room settings, multiple-subject credentialed teachers, and a kindergarten readiness curriculum.

Information and registration forms about Crown Preschool’s summer program and the 2013-14 school year programs will be available at the Open House. (http://www.edline.net/pages/Coronado-USD)

SELLERS ARE BUYING HOUSES AGAIN

admin — Sun, 03 Mar 2013 00:06:09 +0000

Linda Lee, Board President of the San Diego Association of Realtors, writes that San Diego County is at the onset of a healthy real estate market.

“People were sitting on mortgages with negative equity, could barely make their payments, and were doing all that they could to hold on to their homes. Those who could not make their payments were negotiating with the bank on loan modifications.

The result was a deluge of foreclosures and short sales. Banks trying to unload their newly acquired real estate put many homes back on the market at very low prices. Lower prices fed back into the short sale environment and the cycle continued.

But in recent months, I have seen homeowners sell their homes and buy new ones.

Prices have risen enough that many people who delayed doing this for years are finally able to move up into a nicer home or down into a more affordable one.

This is good for our industry.”

The Daily Transcript: San Diego Source

CORONADO POSTS GAINS IN PRICE PER SQUARE FOOT

admin — Sat, 02 Mar 2013 23:28:56 +0000

The average price per square foot for Coronado was $677, a gain of 11.7% compared to the same period last year. Based on 62 home sales, the median sales price for homes in Coronado, CA for Nov 12 to Jan 13 was $1,161,250. The median home sales price increased 29%, or $261,250, compared to the same period one year ago and the number of home sales decreased 4.6%. There are currently 181 resale and new homes in Coronado. The average listing price for homes for sale in Coronado CA was $2,300,742 for the week ending Feb 20, which represents an increase of 0.2%, or $3,643, compared to the prior week.

SOURCE: Trulia.com

Coronado Real Estate Group Predicts Strong Market in 2013

admin — Sat, 19 Jan 2013 23:54:07 +0000

The Coronado Real Estate Association seated new officers during a luncheon that featured a sense of optimism about the outlook for sales in the new year. December’s sales numbers, compiled by the San Diego Association of Realtors, showed that 12 detached homes sold in Coronado for the month for a total of 149 transactions in the category for the year.

The community’s median price for the year for detached homes was $1.375 million, up slightly from $1.36 million the year before.

The median price of a single-family home in San Diego County last month was $418,500, an 18 percent rise over December 2011, when it was $355,000.

City News Service

Coronado Landmark, El Cordova Hotel, Gets Makeover

admin — Sat, 19 Jan 2013 23:45:10 +0000

El Cordova Hotel in Coronado, goes back to its roots with its signature Old-World Spanish style design. The redesign, which included 14 deluxe rooms and suites, focused on maintaining the original hacienda character of each room. ”The renovation has been a phase in the hotel’s long-term remodeling project to ignite a consistent rustic elegance throughout this 110-year-old Coronado property”. Kristin Smith of KS Designs, based her inspiration on the colorful tiles, blues, reds and rusts, which are found throughout the hotel .

The El cordova Hotel was originally built in 1902 as a getaway for Elisha Babcock, the wealthy industrialist, who built the Hotel Del Coronado.

Source: Hotel Online