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Monday, November 18, 2024

Corona home prices rise in the second half of 2019

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The median sale price of a home sold in the second half of 2019 in Corona rose by $25,000 while total sales decreased by 70.1%, according to BlockShopper.com.

From July through December of 2019, there were 387 homes sold, with a median sale price of $535,000 - a 4.9% increase over the $510,000 median sale price for the same period of the previous year. There were 1,293 homes sold in Corona in the second half of 2018.

The median sales tax in Corona for the most recent year with available data, 2016, was $5,035, approximately 0.9% of the median home sale price for the second half of 2019.

The following table compares Corona to other Riverside County cities with similar median sales prices in the second half of 2019:

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Yucaipa 24-50%$663,750$695,000-4.5%
Norco32143-77.6%$634,500$576,00010.2%
Indian Wells40112-64.3%$627,500$732,500-14.3%
Corona3871,293-70.1%$535,000$510,0004.9%
Rancho Mirage91344-73.5%$530,000$510,0003.9%
Mira Loma 2797-72.2%$500,000$495,0001%
Temecula340922-63.1%$479,500$465,0003.1%
Canyon Lake50137-63.5%$475,000$425,00011.8%
Murrieta3431,026-66.6%$435,000$420,0003.6%
Rubidoux 28104-73.1%$431,000$358,50020.2%
Winchester 82266-69.2%$424,000$435,000-2.5%

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