Coronado, CA

Real estate in Coronado, CA is a hot commodity. The city has seen an influx of people and businesses in recent years, which has led to an increase in real estate prices. There are a number of reasons for this: the city's location on the Pacific Ocean, its close proximity to San Diego, and its abundance of natural resources.

The average price for a home in Coronado is $1 million. This is significantly higher than the average price for a home in California as a whole ($480,000), but it's still relatively affordable when compared to other coastal cities such as Santa Barbara ($2 million) or Newport Beach ($3 million). In addition, Coronado has seen an increase in luxury homes over the past few years. The most expensive home currently for sale is listed at $10 million.

One reason that real estate prices have increased so much in Coronado is that there are limited options available for buyers who want to live here. The city has only about 10,000 housing units available, which means that demand is high and competition fierce. In addition, many people who live in Coronado commute to work in San Diego or Los Angeles – two major metropolitan areas – so they're not really interested in living here full-time. As a result, homes that are available tend to sell quickly.

Despite the high prices and limited availability of homes, many people continue to buy property here because they believe that it's worth it. The city has excellent schools (especially when compared with other coastal cities), beautiful beaches and ocean views (even from some of the lower-priced homes), and plenty of amenities (including restaurants and shopping). Plus, there's always potential for growth – especially if more businesses decide to move into town or if more housing units become available.