Home Prices and Sales in Corona CA for May 7th, 2018
Real estate market data for Corona, CA provided by Liane Thomas, REALTOR®, TheJetTeam.com at Allison James Estates and Homes, Corona, CA and WFG Title Co.
Corona, CA
Monday May 7, 2018
This week the median list price for Corona, CA is $589,000 with the market action index hovering around 55. This is about the same This is about the same as last month's market action index of 55. Inventory has held steady at or around 418.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer. Currently we are at 55, indicating a strong sellers market in Corona, CA.
Real-Time Market Profile
| Median List Price | $589,000 | |
| Per Square Foot | $223 | |
| Days on Market | 58 | |
| Price Decreased | 39% | |
| Price Increased | 5% | |
| Relisted | 10% | |
| Inventory | 418 | |
| Most Expensive | $4,900,000 | |
| Least Expensive | $130,000 | |
| Market Action Index Strong Seller's Market |
55 |
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $809,500 | 4045 | 0.25 - 0.5 acre | 5 | 4 | 14 | 11 | 11 | 99 |
| $639,999 | 3,165 | 6,500 - 8,000 sqft | 5 | 3 | 15 | 23 | 22 | 56 |
| $539,000 | 2,375 | 6,500 - 8,000 sqft | 4 | 3 | 16 | 28 | 23 | 36 |
| $434,950 | 1,587 | 6,500 - 8,000 sqft | 3 | 2 | 30 | 36 | 33 | 40 |
Find Homes for Sale in Corona CA
Visit my website to search for Homes for Sale in Corona, CA or to be notified when Corona, CA homes come on the market.
To find out what your home is worth in the current market click here or call 951-454-3805.
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