In Coronado, there have been 118 detached homes that have closed escrow in 2011, avg $675/sf:
Under $1.0 million: 30
Between $1.0 and $1.999 million: 57
Between $2.0 and $2.999 million: 16
$3 million and up: 15
Here is a link to the top-seller that closed for $6 million cash in April.
While we’re getting ready for another painted lady, here is the warm-up act:
Funny, I drove by this house when I was visiting San Diego this past July. I have a friend who lives on G Street. Not sure about the interior, but the exterior was painted purple then too.
Over 100 years old and it looks great. The house was obviously well taken care of.
Besides Del Mar and La Jolla, Coronado is my next fav place I would want to live. Someday!
So, adjusted for inflation, that house should be selling for $178,000. After all, housing tracks inflation over time, right? right?
Pretty funny that they had to discount the house in 1967 to get it sold. What makes that house 12 times more desirable now than in 1967?
That is a beautiful old house. That is a huge price! My Minnesota mind cannot digest that price. Still it’s a beautiful house. Thanks for the video.
Sometimes money has nothing to do with it. This house is probably being bought by someone that has no qualms about their bank account and is probably wanting to re-live the Summer of Love. You’ll know them when they stroll down for brunch at The Del with their tie-dye’s and flowing locks…exhausted after a morning of coupon-clipping. I smell trust fund.
Hold on while I try to pick up my jaw off the floor…
What’s funny is that I missed the first display of the price early in the video. I only caught it when it was displayed a second time at the end of the video. That shock was more severe than the purple paint job! 🙂
From $27,500 to 1.9 million! The sellers definitely won the lottery here!
I do have a a major problem with old houses though. Nothing structurally mind you. We do have many old homes in Montreal that have shifted so much over the years that they appear to be on the verge of collapse! But they’re still just as strong as new homes despite their unusual appearance.
My problem with old homes is with the interior. It could have been changed so much over the years that it no longer has its original character, and now appears as if it has a split personality. An example, the granite counter top in the kitchen. It seems incredibly out of place for a house of that age. I would have preferred a style closer to the original style a century ago, but still with modern appliances.
Love the second floor bathroom! I could almost live in that tub! 🙂