Kamesha Keesee CORONA HOUSING MARKET: TRENDS, ANALYSIS AND MORE WITH KAMESHA KEESEE REALTY
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he 2020 Corona, CA housing market has been thriving amid the pandemic. All housing market indicators have repeatedly shown that the Corona, CA housing market is doing well in the pandemic-induced economy. Below are some Corona, CA housing market insights and trends, that shows how the market is doing so far and where it is headed. Home prices in Corona, CA, are still climbing. Experts have said that the current real estate costs in Corona, CA are among the highest nationwide. As of November, the median home price in Corona, CA was $540,000, representing an 8.1% increase from November 2019, and a 1.8% decline from October 2020.
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In November still, homes in Corona, CA were staying on the market for an average of 55 days before selling. This represents one day less compared to November last year and 5 days month-over-month decline. This is an indication that homes are selling fast in the Corona, CA housing market. Moreover, the November sales-to-list ratio in Corona, CA, was at 1. This suggests that homes were selling at the same price they’ve were listed with.
CORONA, CA HOME APPRECIATION RATES.
Corona, CA housing market has recorded some of the largest home appreciation rates compared to any market in the last 10 years. The housing market appreciated 74.59% over the last 10 years, representing 5.73% in average annual home rate. This places Corona, CA, among the top 10% nationally for real estate appreciation. Fast forward to the last year, Corona, CA home appreciation rates have trailed the rest of the country over the previous 12 months. Corona’s home appreciation rate has been 3.89%
THE POWER IS NOW MAGAZINE | DECEMBER 2020
