FORECLOSURE AND SHORT SALE LISTINGS PLUMMET BY MORE THAN 150% IN CORONA CA

The Corona real estate market has made a drastic shift in 2012, with foreclosure and short sale listings plummeting by a combined total of more than 150% since January.

The month over month numbers remained fairly consistent with the total number of active real estate listings in Corona, California showing almost no movement from May to June, 2012. However, there was a noticeable change in the mix of listing type, with foreclosure listings dropping by over 45%, and an increase in the number of standard and short sale real estate listings in Corona, from May to June.

Active Real Estate Listings in Corona CA = 327

• Lowest priced property for sale in Corona, CA - $65,000.00
• Highest priced property for sale in Corona, CA - $5,300,000.00

Corona CA Active Real Estate Listings By Property Type:

• 295 Single Family Residence
• 31 Condo/Townhouse
• 1 Other (Land, Mobile Home, Mixed Use Property, etc...)

Corona CA Active Real Estate Listing By Sales Type:

• 190 Standard
• 17 REO*
• 116 Short Sale**
• 4 Other (Relocation Sale, Probate Sale, etc...)

Corona CA Active Real Estate Listings By Price Range:

• 51 Corona properties priced above $500,000.00
• 276 Corona properties priced at or below $500,000.00

PENDING REAL ESTATE SALES DECREASE IN CORONA CA

Although pending real estate sales in Corona decreased slightly from May to June 2012, the total number of real estate listings in pending and back up status was still 26% higher than the total in January of this year. The largest jump in pending real estate sales in Corona is within the standard real estate listing category, which is 67.8% higher than the number of standard, pending sales at the end of January 2012. It appears that buyers are opting for standard sales and short sales, where they'll have less competition from real estate investors with all cash offers.

Corona CA Properties In Pending And Back Up Status = 953

Pending Corona CA Properties By Sales Type:

• 183 Standard
• 92 REO*
• 653 Short Sale**
• 25 Other (Relocation Sale, Probate Sale, etc...)

CORONA CA REAL ESTATE SALES CONSISTENT FROM MAY TO JUNE 2012

Real estate sales were consistent from May to June 2012, in Corona California, however, there was a change in the types of listings that sold month over month; As we've been seeing with surrounding areas, the number of Corona, California foreclosure sales declined from May to June, while the number of standard real estate sales and short sales increased slightly.

Corona real estate sales in June 2012 remained 55% higher than the number of sales posted at the end of January 2012.

Corona CA Properties Sold in June 2012 = 276

Corona CA Properties Sold By Sales Type:

• 111 Standard Sales
• 64 REO Sales*
• 100 Short Sales**
• 1 Other (Relocation Sales, Probate Sales, etc...)

Highest and Lowest Real Estate Sales in Corona CA in June 2012

• Lowest Corona real estate sale - $63,000.00
• Highest Corona real estate sale - $865,000.00

What home buyers got for their money in Corona CA in June 2012

For $63,000.00 you could have purchased a condo in Corona, California with the following features and amenities:

• 1 Bedrooms
• 1 Bath
• 731 SF
• 1,307 SF Lot
• Built in 1980
• New Carpet and Paint
• $330 HOA Dues
• REO
• All Cash Purchase
• Located in Central Corona
• 92882 Zip Code

For $865,000.00 you could have purchased a home in Corona, California with the following features and amenities:

• 5 Bedrooms
• 5 Baths
• 5,251 SF
• 61,420 SF Lot
• Built in 2005
• Custom Home
• Highly Upgraded
• Large In Ground Spa
• Panoramic City Lights, Hills and Mountain Views
• 4 Car Attached Garage
• $270 HOA Dues
• REO
• Conventional Financing
• Located in South Corona
• 92881 Zip Code

*REO: Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale: Properties that are still owned by the borrower, however the borrower is attempting to sell the property for less than what is owed to the lender, which requires lender approval.

Information contained in this market report was compiled from available MLS data as of July 1st, 2012.

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