subject: Corona Real Estate Market Comparison Report (march 2009 Vs. March 2010) [print this page] We analyze several housing market indicators in order to present an in-depth breakdown of Corona Real Estate Market comparing March 2009 to March 2010.
Summary of Key Points
Corona Real Estate has shown marginal signs of improvement with median sales price inching up , homes sold faster and sellers received 101% of asking price as compared to 99% last year.
Key Statistics, Corona, CA: Median Sales Price (4.14%), Median Days on Market (-9.66%), and Number of Units Sold (-27.65%), Sales Price to List Price Ratio (March 09 99% - March 10 101%)
Corona Real Estate
The city of Corona experienced a 4.14% increase in median sales price from last year going up from $312,558 (March 09) to $325,506 (March 2010). Median days on market data for Corona show that houses are selling faster than March 09. It took 66 days in March 09 for a house to sell and for March 10 that number has gone down to 59 days (a 9.66% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 387 units were sold compared to 280 for March 10 (-27.65% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Corona. SP/LP ratio for March 09 was 99% compared to 101% for March 10.
Lets take a brief look at neighbors Rancho Cucamonga and Chino Hills. Rancho Cucamonga Real Estate featured a 3.98% increase in median sales price ($358,280 March 09 - $372,540 March 10) and Chino Hills Real Estate saw a 5.12% increase ($478,798 March 09 - $503,296 March 10). Are houses in Rancho Cucamonga and Chino Hills selling faster or slower this year? Well, Rancho Cucamonga experienced an 8.82% decrease (66 to 61 days) in median days on market and Chino Hills saw a 23.49% decrease (74 to 56 days). In the units sold category, Rancho Cucamonga sold 8 units more (6.72%) in March 2010 than 09 and Chino Hills sold 28 units more (63.64%) in March 2010 than March 09.
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