Corona, CA

I've been reading posts, listening to the news and the talking heads and I have an idea. Not an original one to be sure. But one worth posting.

Small business seems to have been completely left out of any economic stimulus, with the government figuring that all their printed dollars used to bail out Wall Street and Auto Manufacturing will somehow filter down to small business. I'm no economist and I hope that some of that money does... but I know that there is something I can do personally and I am challenging each of us to do the same.

Patronize a small business in your community TODAY. Make it your goal to do business with small, professionally run businesses. Alternatively or in addition, give/donate to a local charity who can help our local troubled neighbors to get through this tough time.

I'm thinking of all I have to do today and how I can use my neighborhood businesses to get it done. I'll have to buy more moving boxes. Check. I need a hostess gift. Check. My car needs an oil change and a wash. Check.

What are you going to do? Please post it! Or better yet - post what you've done to help your community small businesses tonight after your done.

Corona, California Real Estate Market Report- November 1st, 2009

Corona Active Listings= 603

Lowest priced listing in Corona = $39,900.00
Highest priced listing in Corona = $10,995,000.00

Active Listings Property Type:

• 529 Single Family Residences
• 64 Condos/Townhouses
• 10 Manufactured or Commercial/Residential Dual Use
  

Active Listings Sale Type:

• 199 Standard Listings
  
• 64 REO* Listing
• 340 Short Pay** Listings
  

Active Listings Price Range:

• 81 priced at or above $500,000.00
• 522 priced below $500,000.00

Corona properties in Pending & Back Up Status= 1,026

Pending & Back Up Status Listing Type:

• 193 Standard Listings
  
• 205 REO* Listings
  
• 628 Short Pay** Listings
  

Corona Properties Sold From 10/1/09-10/31/09= 306

October, 2009 Sales Type:

• 90 Standard Sales
• 134 REO* Sales
• 82 Short Pay** Sales

Lowest Oct '09 Sales Price= $10,500.00
Highest Oct '09 Sales Price= $855,000.00

What can you buy in Corona at these prices?:

$10,500.00=

• 2 bd/2 ba manufactured home
  
• 1,056 s.f.
• 4,791 s.f. lot
  
• Built in 1986
• 2 car garage
  
• HUD owned REO property
  
• Located in the Butterfield Estates area
  
• 92883 zip code
  

$855,000.00=

• 5 bd/5 ba single family residence
• 5,251 s.f.
• 37,026 s.f. lot
• 4 car garage
  
• Built in 2005
  
• Pool & spa
• City lights view
  
• Amberhill home in the Pinnacle development
  
• Listed for $754,800
  
• REO sale
  
• Association dues & mello roos
  
• Cash purchase
  

*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.


Information compiled from MLS data as of November 1st, 2009

The third and FINAL phase is almost complete and already 75%% SOLD! Contact the community sales agent for more information or to get pre-qualified for one of the 5 remaining 4 bedroom units in this last phase at River Road Village. Or stop by the community sales office on Saturday and Sunday from 1-4 PM. Own your home for less than the cost of renting in our private, gated community featuring newly constructed 3 and 4 bedroom homes. River Road Village is a park-like community centered around a beautifully landscaped recreation area, community pool, spa, and recreation facility. Uniquely designed homes built alongside strolling paseos give this new neighborhood a sense of charm and community like no other. Homes are fully upgraded and move-in ready featuring granite kitchen countertops, stainless steel appliances, tile flooring, laundry rooms, large walk-in closets, retreat-like master baths, tankless water heaters, and landscaped yards. Community has NO Mello-Roos, and NO CFD! Stop by or visit our website for more details. To directly access this property, use this shortcut: http://www.fizber.com/california-buy-new-construction-home-11648713.html

Here is a look at what is happening as of October 16, 2009 in residential real estate in Corona, CA. There are currently 508 active listings for single family homes for sale. The information below is organized by Corona CA zip codes. The average list price of sold homes shows the average price as listed on the multiple listing service and the average sold price shows the average actual sales prices. In each of the five zip codes, the prices of houses has gone up - comparing July to September - a good sign that the real estate market in Corona appears to be stabilizing.

92879	Sept 2009	July 2009
Number of houses for sale	87	90
Number of houses in escrow	152	137
Number of sold houses	57	42
Average list price of sold houses	$263,414	$238,643
Average sold price of houses	$268,586	$240,112

92880	Sept 2009	July 2009
Number of houses for sale	136	135
Number of houses in escrow	258	302
Number of sold houses	87	84
Average list price of sold houses	$347,216	$344,241
Average sold price of houses	$355,133	$350,259

92881	Sept 2009	July 2009
Number of houses for sale	70	68
Number of houses in escrow	110	105
Number of sold houses	41	46
Average list price of sold houses	$358,329	$353,114
Average sold price of houses	$365,461	$353,570

92882	Sept 2009	July 2009
Number of houses for sale	84	100
Number of houses in escrow	198	187
Number of sold houses	76	69
Average list price of sold houses	$302,660	$286,596
Average sold price of houses	$307,682	$288,884

92883	Sept 2009	July 2009
Number of houses for sale	137	129
Number of houses in escrow	197	215
Number of sold houses	53	69
Average list price of sold houses	$339,791	$325,494
Average sold price of houses	$337,917	$327,333

If you would like to learn more about selling or buying real estate in Corona CA, you can contact me at vicki@pedersen-team.com Click here to visit my website.

Written and posted by: Vicki Pedersen, ABR, Pedersen Real Estate, Riverside/Corona, California, DRE# 01435715 -- Phone: 951-840-5212 vicki@pedersen-team.com Be sure to visit my website.

The California High-Speed Rail Authority (Authority) is hosting public scoping meetings this fall to invite comments about a proposed High-Speed Train System from Los Angeles to San Diego via the Inland Empire. Meetings will be held next week in Riverside County on Oct. 19, 20 and 22. The scoping process helps identify and define the scope of issues to be addressed in depth in the analysis that will be included in the EIR/EIS. Scoping provides the public with an opportunity to become involved as soon as the EIR/EIS process begins.

The meetings will provide an open forum for public information and comment for visitors any time between 3 p.m. and 7 p.m. The meetings will mark the start of the project-level environmental process for this Section of the High-Speed Train System. The Authority and the Federal Railroad Administration will prepare an Environmental Impact Report and an Environmental Impact Statement to meet state and federal environmental law requirements. For more information call (909) 627-2974 or e-mail cahighspeedtrain@ or visit www.cahighspeedrail.ca.gov.

Kym Talbert, Realtor - KELLER WILLIAMS - 951-316-1941 or KymTalbert@aol.com