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

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