Corona Real Estate Market Report- October 1st, 2009

Corona Real Estate Market Report- October 1st, 2009

Corona Active Listings= 557

Lowest priced listing in Corona= $44,900.00
Highest priced listing in Corona= $3,950,000.00

Active Listings Property Type:

• 497 Single Family Residences
• 53 Condos/Townhouses
• 7 Mobile Homes
  

Active Listings Sale Type:

• 196 Standard Listings
  
• 52 REO* Listing
• 309 Short Pay** Listings
  

Active Listings Price Range:

• 77 priced at or above $500,000.00
• 480 priced below $500,000.00

Corona Properties in Pending & Back Up Status= 1,032

Pending & Back Up Status Listing Type:

• 171 Standard Listings
  
• 250 REO* Listings
  
• 611 Short Pay** Listings
  

Corona Properties Sold From 9/1/09-9/30/09= 323

September, 2009 Sales Type:

• 100 Standard Sales
• 137 REO* Sales
• 86 Short Pay** Sales

Lowest Sept '09 Sales Price= $75,000.00
Highest Sept '09 Sales Price= $750,000.00

What can you buy in Corona at these prices?:

$75,000.00=

• 2 bed/1 bath condo
  
• 998 s.f.
• 1 car garage
• Located in Central Corona
  

$750,000.00=

• 7 bd/4 ba custom single family residence
• 4,822 s.f.
• 38,332 s.f. lot
• View
  
• Built in 2005
• Gated Crown Ranch community located in South Corona
  

*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.