Are you thinking about buying a home in Coronado, or buying a home in Eastlake 91914? These are both San Diego County real estate markets and you could say they are at opposite ends of the San Diego real estate market.

This Cycle of Investments was a chart I saw on the KCM Blog, which is a real estate blog called “Keeping Current Matters”.  There is always up to date real estate information on KCM, and in today’s market Keeping Current Matters.  (Good name for their blog, don’t you think?)

Looking at this graphic really puts the real estate market into perspective.  I decided to see how Coronado and  Eastlake 91914 compare to the graph.  Unfortunately my graphs are not as beautiful as KCM’s, but they serve their purpose.  (Don’t ask me why one of the graphs has years vertically and the rest have each year appearing horizontally).

Check out how Coronado seems to follow the basic outline of the cycles graphic, while Eastlake 91914 doesn’t appear to be recovering quite as quickly. These statistics were taken from the Sandicor MLS system from January 1, 2003 to December 31, 2010.  Statistics for 2011 are also interesting and I will talk about them in another post.

Notice in both “Average Price” and “# Sold” Coronado appears to be over the worst. Eastlake 91914 shows more dramatic price reductions and an up down swing for number of homes sold. These discrepancies are really not so odd once you learn that the majority of 91914 Eastlake homes were purchased with the infamous 100% financing and many of the owners found themselves in over their heads.

On the other hand, Coronado owners generally purchased with substantial downpayments and because of the high equity positions, many Coronado homeowners have been able to sell on their terms.  If the price is not acceptable and there is no overriding need to sell, Coronado homeowners tend to just sit and hold.  This ability to hold Coronado real estate translates into smaller price drops and a faster recovery.

My next goal is a comparison of condos in these San Diego real estate market areas. Will condos sold in Coronado show the same statistical tendencies as Coronado homes?  Has the market been better or harsher to 91914 Eastlake condos?

My graphing talents are a work in process.  This is a series of articles by Sharyn and Victoria Crown, San Diego real estate agents.  Visit our other sites at Search For Coronado Homes and Downtown Crowns.

Related posts:

1. Coronado Home Sales Statistics
2. San Diego Home Sales: Oops It Didn’t Sell
3. Lowest Priced Coronado Condo: 724 E Avenue
4. What Is For Sale In Coronado?
5. Lakeside Real Estate Market