Special offer

Corona Market Report for July 2008

By
Real Estate Broker/Owner with Empire Realty

No matter what the market, people will continue to desire to live in Corona, as it remains one of the most active cities within Riverside County. Comparatively speaking, the Corona housing market continues to post brisk sales. 

In of July 2008, 271 single family homes and a total of 18 condos/townhomes sold, down 226 from last month.  My overall view of the market is still slipping more so in 92881 and 92882. Click Here to view the Riverside County market report.

Closed Sales for July 2008: Up 59 from last month

384 Single Family Homes

17 Condos/Townhomes

Pending Sales for July 2008: Up 5 from last month

726 Single Family Homes

45 Condos/Townhomes

Current Actives as of Today's Post: Up 5 from last month

1270 Single Family Homes

145 Condos/Townhomes

Foreclosure Activity for July 2008

92879 - 97 Notice of Defaults (NOD) Down 9 from last month

92879 - 89 Notice of Foreclosure Sale (NOS) Up 10 from last month

92880 - 153 Notice of Defaults (NOD) Up 18 from last month

92880 - 142 Notice of Foreclosure Sale (NOS) Up 14 from last month

92881 - 58 Notice of Defaults (NOD) The same as last month

92881 - 52 Notice of Foreclosure Sale (NOS) Up 3 from last month

92882 - 129 Notice of Defaults (NOD) Up 9 from last month

92882 - 115 Notice of Foreclosure Sale (NOS) Down 11 from last month

92883 - 86 Notice of Defaults (NOD) Down 3 from last month

92883 - 104 Notice of Foreclosure Sale (NOS) Up 8 from last month

Price Per Square Foot
Looking at the price per square foot helps us understand the value placed on homes in a real estate market. Median Price per Sqft. as of September7, 2008 for Corona is $169, down $9 from last month.

Corona- 92879

   

Single Family Residences

SFR Only

     

Riverside County

# SFR

Price (1,000)

% chg from Previous Year

$/Sq Ft

Media Price Prior to Present Month % change SFR

Prior to Present Month Change $ Per Sq Ft

Prior to Present Month Median $ Change ($1,000)

     

Corona

Feb 08

13

$395

-32.80%

$188

           

Corona

Mar 08

25

$315

-36.10%

$202

7.45%

$14

($80)

     

Corona

Apr 08

31

$345

-27.40%

$177

-12.38%

($25)

$30

     

Corona

May 08

34

$330

-34.70%

$162

-8.47%

($15)

($15)

     

Corona

Jun 08

44

$320

-24.30%

$165

1.85%

$3

($10)

     

Corona

Jul 08

53

$305

-28.40%

$169

2.42%

$4

($15)

     
         

-10%

           
         

$19

           
                       

Corona- 92880

   

Single Family Residences

SFR Only

     

Riverside County

# SFR

Price (1,000)

% chg from Previous Year

$/Sq Ft

Media Price Prior to Present Month % change SFR

Prior to Present Month Change $ Per Sq Ft

Prior to Present Month Median $ Change ($1,000)

     

Corona

Feb 08

43

$400

-29.80%

$153

           

Corona

Mar 08

70

$393

-30.30%

$143

-6.54%

($10)

($7)

     

Corona

Apr 08

86

$400

-34.90%

$132

-7.69%

($11)

$7

     

Corona

May 08

84

$385

-30.00%

$131

-0.76%

($1)

($15)

     

Corona

Jun 08

102

$378

-34.70%

$133

1.53%

$2

($7)

     

Corona

Jul 08

102

$390

-27.80%

$132

-0.75%

($1)

$12

     
         

-14%

           
         

$21

           
                       

Corona- 92881

   

Single Family Residences

SFR Only

     

Riverside County

# SFR

Price (1,000)

% chg from Previous Year

$/Sq Ft

Media Price Prior to Present Month % change SFR

Prior to Present Month Change $ Per Sq Ft

Prior to Present Month Median $ Change ($1,000)

     

Corona

Feb 08

19

$395

-30.70%

$185

           

Corona

Mar 08

29

$407

-22.80%

$171

-7.57%

($14)

$12

     

Corona

Apr 08

31

$425

-11.80%

$175

2.34%

$4

$18

     

Corona

May 08

35

$375

-30.90%

$178

1.71%

$3

($50)

     

Corona

Jun 08

46

$390

-25.00%

$181

1.69%

$3

$15

     

Corona

Jul 08

59

$358

-39.30%

$166

-8.29%

($15)

($32)

     
         

-10%

           
         

$19

           
                       

Corona- 92882

   

Single Family Residences

SFR Only

     

Riverside County

# SFR

Price (1,000)

% chg from Previous Year

$/Sq Ft

Media Price Prior to Present Month % change SFR

Prior to Present Month Change $ Per Sq Ft

Prior to Present Month Median $ Change ($1,000)

     

Corona

Feb 08

36

$381

-26.80%

$199

           

Corona

Mar 08

36

$400

-27.10%

$184

-7.54%

($15)

$19

     

Corona

Apr 08

57

$365

-33.00%

$164

-10.87%

($20)

($35)

     

Corona

May 08

76

$385

-33.90%

$163

-0.61%

($1)

$20

     

Corona

Jun 08

84

$360

-28.70%

$176

7.98%

$13

($25)

     

Corona

Jul 08

101

$341

-31.70%

$164

-6.82%

($12)

($19)

     
         

-18%

           
         

$35

           
                       

Corona- 92883

   

Single Family Residences

SFR Only

     

Riverside County

# SFR

Price (1,000)

% chg from Previous Year

$/Sq Ft

Media Price Prior to Present Month % change SFR

Prior to Present Month Change $ Per Sq Ft

Prior to Present Month Median $ Change ($1,000)

     

Corona

Feb 08

19

$435

-32.00%

$171

           

Corona

Mar 08

45

$350

-26.70%

$169

-1.17%

($2)

($85)

     

Corona

Apr 08

43

$345

-30.60%

$159

-5.92%

($10)

($5)

     

Corona

May 08

70

$330

-35.40%

$147

-7.55%

($12)

($15)

     

Corona

Jun 08

77

$348

-33.60%

$151

2.72%

$4

$18

     

Corona

Jul 08

92

$340

-37.00%

$150

-0.66%

($1)

($8)

     
         

-12%

           
         

$21

           

 
It's important to stay in tune with the changes in the market. Call Empire Realty for your next personal real estate consultation at (909) 579-6611, or visit us on the web at Empire Realty.

For information on purchasing your next home in Corona or anywhere in the Inland Empire call Empire Realty at 909-579-6611 or visit us on the web at Empire Realty.

Empire Realty is your one stop shop for information and Full Service at a Discount.

Comments (0)