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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
1 Other (Land, Mobile Home, Mixed Use Property, etc...)
Corona CA Active Real Estate Listing By Sales Type:
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:
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:
1,307 SF Lot
Built in 1980
New Carpet and Paint
$330 HOA Dues
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:
61,420 SF Lot
Built in 2005
Large In Ground Spa
Panoramic City Lights, Hills and Mountain Views
4 Car Attached Garage
$270 HOA Dues
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.
We Specialize In Real Estate Sales In North Orange County And The Bordering Riverside County Areas, Including Anaheim Hills, Brea, Corona, Fullerton, Norco, North Tustin, Orange, Orange Park Acres, Placentia, Tustin, Villa Park and Yorba Linda, California
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.