How Is The Corona Real Estate Market

Dated: 04/13/2018

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How is The Corona Real Estate Market?

Candice Reolegio  April 9, 2018

How is the <a href='http://www.servingsoutherncalhomes.com/index.php?types[]=1&types[]=2&areas[]=city:Corona&beds=0&baths=0&min=0&max=100000000&map=0&quick=1&submit=Search' title='Search Properties in Corona'>Corona</a> Real Estate Market?Curious what the Corona real estate market has been doing lately? You certainly aren’t alone. Newspapers, television, websites, and almost every person you pass on the street seem to have an opinion about the real estate market. Unfortunately, most aren’t based on fact, or they are based on large geographic averages, and not our local Corona market. What is happening in New York, Florida, or even Los Angeles, isn’t necessarily a reflection on what is happening here, in Corona. That is why it is so important to get HYPER LOCAL numbers, especially if you are making a decision to sell, or purchase a home. Below we have posted data for the city of Corona, as it stands today.  If you would like more specific, zip code based numbers- give us a call, or shoot me an email. I can also set up an auto email, so you get up to date numbers, sent to your inbox weekly.

Deciding what to do with your home, or whether or not to purchase a new one, is too big a decision to make, without accurate data. We would be happy to keep you abreast of the changes in the real estate market, so you can make an informed, intelligent, decision.


 Corona Real Estate Market Statistics for Single Family Homes

90-day stats for Single Family properties in
CORONA, CA as of April 6, 2018
Median List Price: $582,953 Average List Price: $652,398
Total Inventory: 349 Price per Square Foot: $229
Average Home Size: 2,728 Median Lot Size: 7,841
Average # Beds: 4.08 Average # Baths: 2.98
Homes Absorbed: 69 Newly Listed: 71
Days on Market: 74 Average Age: 23

Corona Real Estate Market Statistics for Condos/Townhomes

90-day stats for Condo properties in
CORONA, CA as of April 6, 2018
Median List Price: $351,157 Average List Price: $358,208
Total Inventory: 34 Price per Square Foot: $257
Average Home Size: 1,382 Median Lot Size: n/a
Average # Beds: 2.37 Average # Baths: 2.13
Homes Absorbed: 6 Newly Listed: 7
Days on Market: 54 Average Age: 20

Median Price of Homes in Corona

The median price tracks the middle range price of homes in the area. Half the homes have sold for more, and half have sold for less.

How is the <a href='http://www.servingsoutherncalhomes.com/index.php?types[]=1&types[]=2&areas[]=city:Corona&beds=0&baths=0&min=0&max=100000000&map=0&quick=1&submit=Search' title='Search Properties in Corona'>Corona</a> Real Estate Market?

Total Inventory for Corona

The total inventory tracks how many homes are currently listed for sale, and addresses the issue of “Supply and Demand.” A low inventory, coupled with a low average days on market, indicates that the supply isn’t keeping pace with demand. An increased inventory, with increased days on market, means there isn’t sufficient demand for the number of homes currently for sale.

How is the <a href='http://www.servingsoutherncalhomes.com/index.php?types[]=1&types[]=2&areas[]=city:Corona&beds=0&baths=0&min=0&max=100000000&map=0&quick=1&submit=Search' title='Search Properties in Corona'>Corona</a> Real Estate Market?

Average Days on Market in Corona

The average days on market tracks how long it takes for a home to sell. Shorter days on market indicate a decrease in inventory, and more demand.

How is the <a href='http://www.servingsoutherncalhomes.com/index.php?types[]=1&types[]=2&areas[]=city:Corona&beds=0&baths=0&min=0&max=100000000&map=0&quick=1&submit=Search' title='Search Properties in Corona'>Corona</a> Real Estate Market?

Market Action Index for Corona

The market action index answers the question “How’s the market?” by measuring the current rate of sales versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

How is the <a href='http://www.servingsoutherncalhomes.com/index.php?types[]=1&types[]=2&areas[]=city:Corona&beds=0&baths=0&min=0&max=100000000&map=0&quick=1&submit=Search' title='Search Properties in Corona'>Corona</a> Real Estate Market?

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