Corona Real Estate Market Comparison Report (february 2009 Vs. February 2010)

We analyze several housing market indicators in order to present an in-depth breakdown

of Corona Real Estate Market comparing February 2009 to February 2010.

Summary of Key Points

Corona Real Estate has started showing signs of improvement with median sales price climbing up and sellers receiving asking price for their listings.

Key Statistics, Corona, CA: Median Sales Price (4.53%), Median Days on Market (38.83%), and Number of Units Sold (-26.58%), Sales Price to List Price Ratio (Feb 09 100% - Feb 10 100%).However sellers received full asking price for their listings.

Corona Real Estate

The city of Corona experienced a 4.53% increase in median sales price from last year going up from $316,555 (Feb. 09) to $330,880 (Feb. 2010). Median days on market data for Corona show that houses are selling slower than Feb 09. It took 42 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 58 days (a 8.83% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 301 units were sold compared to 221 for Feb 10 (-26.58% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Corona. SP/LP ratio for Feb 09 was 100% compared to 100% for Feb 10.

Lets take a brief look at neighbors Rancho Cucamonga and Chino Hills. Rancho Cucamonga Real Estate featured a 6.67% decrease in median sales price ($383,644 Feb 09 - $358,040 Feb 10) and Chino Hills Real Estate saw a 3.84% increase ($441,259 Feb 09 - $458,204 Feb 10). Are houses in Rancho Cucamonga and Chino Hills selling faster or slower this year? Rancho Cucamonga experienced a 7.00% increase (48 to 51 days) in median days on market and Chino Hills saw a 42.16% increase (54 to 77 days). In the units sold category, Rancho Cucamonga sold 2 units more (2.30%) in Feb 2010 than 09 and Chino Hills sold 8 units more (16.67%) in Feb 2010 than Feb 09.

for viewing the latest market inventory

Homes for sale for MLS Search,

Bank REO / Short Sale Search

Foreclosure Search ( Outside MLS)

Just Listed Properties

Income Properties (1-4 units)

Condo searches

New Construction Homes

In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.

by: Shaye P

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