CORONA REAL ESTATE LISTINGS JUMP NEARLY 28 PERCENT IN JUNE 2013
The number of homes for sale in Corona, California jumped 27.8% between the end of May and June 2013. However, the year over year listing stats still reflect a drop of more than 24%, and the lack of Corona real estate inventory continues to drive home prices upward. Another factor driving the increase in prices is the major decline in distressed sales. Compared to June of last year, foreclosure listings fell 29.4% and short sale listings have plummeted over 84%.
Pending home sales showed very little change month over month, but dropped by 46.2%, when comparing June 2013 to one year earlier. This drastic change was inevitable, given the incredibly low inventory level of available homes for sale in Corona.
Closed real estate transactions fell on a month over month and year to year basis, which was to be expected; with real estate listings decreasing in 13 out of the past 18 months, the sales stats had nowhere to go but down. Although sales figures dropped, in June of 2013, the majority of the real estate sales in Corona closed at or above the original list price.
ACTIVE REAL ESTATE LISTINGS IN CORONA CA = 248
Highest and Lowest Real Estate Listings in Corona CA:
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Lowest priced property for sale in Corona, CA - $110,000.00
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Highest priced property for sale in Corona, CA - $5,300,000.00
Corona CA Active Real Estate Listings By Property Type:
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219 Single Family Residence
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27 Condo/Townhouse
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2 Other (Land, Mobile Home, Mixed Use Property, etc...)
Corona CA Active Real Estate Listing By Sales Type:
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210 Standard
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12 REO*
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18 Short Sale**
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8 Other (Relocation Sale, Probate Sale, Flip, etc...)
Corona CA Active Real Estate Listings By Price Range:
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82 Corona properties priced above $500,000.00
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166 Corona properties priced at or below $500,000.00
CORONA CA PROPERTIES IN PENDING AND BACK UP STATUS = 513
Pending Corona CA Properties By Sales Type:
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238 Standard
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17 REO*
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234 Short Sale**
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24 Other (Relocation Sale, Probate Sale, Flip, etc...)
CORONA CA PROPERTIES SOLD IN JUNE 2013 = 227
Corona CA Properties Sold By Sales Type:
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147 Standard Sales
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13 REO Sales*
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57 Short Sales**
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10 Other (Relocation Sales, Probate Sales, Flip, etc...)
List Price Versus Sales Price In Corona CA In June 2013
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36 Properties sold at list price
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58 Properties sold for less than the list price
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133 Properties sold for more than the list price
Highest and Lowest Real Estate Sales in Corona CA in June 2013
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Lowest Corona real estate sale - $54,600.00
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Highest Corona real estate sale - $940,000.00
What home buyers got for their money in Corona CA in June 2013
For $54,600.00 you could have purchased a manufactured home in Corona, California with the following features and amenities:
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2 Bedrooms
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2 Bath
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1,224 SF
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5,227 SF Lot
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Built in 1985
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$85 HOA Dues
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In Need Of Major Repairs- Possible Mold Damage/Remediation Needed
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Short Sale And In Foreclosure
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Cash Purchase
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Sold For Less Than The List Price Of $75,000.00
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Located In The Butterfield Estates Area Of South Corona
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92883 Zip Code
For $940,000.00 you could have purchased a house in Corona, California with the following features and amenities:
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6 Bedrooms
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5 Full Baths And 2 Half Baths
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8,600 SF
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121,968 SF Lot
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Built in 1982
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3 Car Attached Garage
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Gated Estate
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Highly Upgraded Throughout
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Billiards Room
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Home Theatre Room
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1,000 SF Attic
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4 Fireplaces
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5 A/C Units
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Pool And Spa
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7Horse Stables, Barn And Arena
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Hills, Mountains, And Valley Views
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Standard Sale
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All Cash Purchase
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Sold For Less Than The List Price Of $1,077,000.00
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Located In South Corona Near The Glen Ivy Golf Club
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92883 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 1 and July 10, 2013.
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