August 2013 Corona CA Real Estate Market Report

By
Real Estate Agent with North Orange County CA Real Estate Specialists BRE# 01277795

HOMES SELLING ABOVE ASKING PRICE IN CORONA CA

In August 2013, the number of homes for sale in Corona, California rose to the highest level since April of last year. Listings jumped 26.2% between July and August, and by nearly 39% year over year. Although this surge is not great news for homeowners and home sellers, inventory remains fairly low, considering the size of Corona, and prices have continued to rise throughout the year.

Pending real estate sales fell 4.2% in Corona, on a month to month basis, and plunged almost 50% when compared to last August. Based on the current number of homes for sale in Corona, California, we can expect to see pending sales figures fall even further in the near future.

Month over month, Corona real estate sales increased 2%, but the year to year stats reflected a drop of 14%. This can be attributed to the decline in the number of Corona real estate listings in 2013, as compared to listing figures in the previous year. In August 2013, the vast majority of real estate sales in Corona, California closed at or above the original list price. Given current market conditions, this was to be expected.

ACTIVE REAL ESTATE LISTINGS IN CORONA CA = 366

Graph comparing the number of real estate listings in Corona CA in August 2013 to July 2013 and August 2012

Highest and Lowest Real Estate Listings in Corona CA:

  • Lowest priced property for sale in Corona, CA - $134,900.00
  • Highest priced property for sale in Corona, CA - $5,299,999.00

Corona CA Active Real Estate Listings By Property Type:

  • 328 Single Family Residence
  • 35 Condo/Townhouse
  • 3 Other (Land, Mobile Home, Mixed Use Property, etc...)

Corona CA Active Real Estate Listing By Sales Type:

  • 321 Standard
  • 14 REO*
  • 27 Short Sale**
  • 4 Other (Relocation Sale, Probate Sale, Flip, etc...)

Corona CA Active Real Estate Listings By Price Range:

  • 137 Corona properties priced above $500,000.00
  • 229 Corona properties priced at or below $500,000.00

CORONA CA PROPERTIES IN PENDING AND BACK UP STATUS = 460

Graph comparing the number of pending real estate sales in Corona CA in August 2013 to July 2013 and August 2012

Pending Corona CA Properties By Sales Type:

  • 239 Standard
  • 11 REO*
  • 191 Short Sale**
  • 19 Other (Relocation Sale, Probate Sale, Flip, etc...)

CORONA CA PROPERTIES SOLD IN AUGUST 2013 = 245

Graph comparing the number of real estate sales in Corona CA in August 2013 to July 2013 and August 2012

Corona CA Properties Sold By Sales Type:

  • 192 Standard Sales
  • 10 REO Sales*
  • 34 Short Sales**
  • 9 Other (Relocation Sales, Probate Sales, Flip, etc...)

List Price Versus Sales Price In Corona CA In August 2013

  • 42 Properties sold at list price
  • 70 Properties sold for less than the list price
  • 132 Properties sold for more than the list price

Highest and Lowest Real Estate Sales in Corona CA in August 2013

  • Lowest Corona real estate sale - $80,000.00
  • Highest Corona real estate sale - $910,000.00

What home buyers got for their money in Corona CA in August 2013

For $80,000.00 you could have purchased a condo in Corona, California with the following features and amenities:

  • 2 Bedrooms
  • 2 Bath
  • 900 SF
  • Built in 1988
  • $232 HOA Dues
  • Upgraded
  • Laundry Hook-Ups
  • Short Sale
  • Cash Purchase
  • Sold For Less Than The List Price Of $85,000.00
  • Located In Downtown Corona, In The Circle City Villas Complex
  • 92879 Zip Code

For $910,000.00 you could have purchased a house in Corona, California with the following features and amenities:

  • 5 Bedrooms
  • 4 Full Baths And 2 Half Baths
  • 5,307 SF
  • 11,326 SF Lot
  • Built in 2005
  • 3 Car Attached Garage
  • Highly Upgraded Throughout
  • Game Room/Loft With Built-In Media Niche
  • Built-In BBQ, Beer Tap, Icemaker And Refrigerator
  • Outdoor Fireplace
  • Covered Patio With 2 Flat Panel TVs
  • Hills View
  • Standard Sale
  • Conventional Financing
  • Sold For Less Than The List Price Of $950,000.00
  • Located In South Corona In The Guard Gated, Golf Course Community, The Retreat
  • 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 Sept 1 and Sept 10, 2013.

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