Although leading economists have declared the end of the recession, some home owners in the Coronado Cays will still be experiencing its effects.  The latest victim of bank foreclosure was 88 Montego Court, which had an REO (Real Estate Owned) recording date of September 16, 2010.  This remodeled townhome is located in Montego Bay Villas, a fully gated resort condominium community in the Coronado Cays.  Once again the seller did not keep up with their pricing strategy and clearly missed the mark each time.  This waterfront Coronado Cays townhome was originally listed for sale on September 11, 2007 for $895,000.  It remained on the market with the same listing agent for 678 days, and had a price reduction to $689,000.  Even though two units in the Montego Court complex...

In June 2009 leading economists declared the end to the recession which began in December 2007.  Some may choose to argue that we are still in a recession and others may argue that it is not a good time to buy real estate.  How does that news equate to what is happening in the real estate market in Coronado?  Interestingly in 2009 only one home sold in Coronado with a sales price of over 4 million dollars.  The home is located at 561 Marina Avenue in Coronado and was listed on November 9, 2007 for $6,489,000.  This Coronado ocean view home was on the market for 92 days.  The owner relisted the property on April 11, 2008 with a different agent, who by the way discounted the commission to the buyer’s agent and wanted to conduct all of the negotiations themselves....

Do you see my smiling face plastered in the Coronado Eagle & Journal week after week pedaling old and stale listings or over priced listings? Have you seen my real estate signs all over the area, week after week, month after month?  You may wonder who I am. Am I just some new agent without many listings?  I have been a licensed real estate broker in Coronado for the past 10 years. I am also President of the Coronado Real Estate Association, and a Director at the state level.   But have you heard of me, Gerri-Lynn Fives? Probably not.  I am the behind the scenes agent who for the past several years has focused on working with buyers and focusing on building my internet presence in hopes to better serve sellers.  It is unfortunate that most people who live in...