Home Buying in Corona>Question Details

Rick Leo, Home Buyer in Los Angeles, CA

How do you feel about Corona, CA - and when/where would you suggest to buy?

Asked by Rick Leo, Los Angeles, CA Sat Mar 29, 2008

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Corona is considered one of the fastest growing cities in the Riverside/San Bernardino County(ies). Easy freeway access, new shopping centers, close to the Toll Roads provides you quicker access to many Southern California regions and includes some neighborhoods that sit high on the hills providing spectacular views. Corona is also regarded as "affordable" in relation to other San Bernardino County/Riverside County locations.

There are currently some spectacular purchase opportunities for you as the influx inventory for available housing is greater than we've seen in many years. A lot of product to choose from with many different amenities. I don't know what your specific needs are but most likely there is the ideal home for you in and around the Corona area. Go ahead and make that move! Good luck.

Diane Wheatley, Keller Williams Realty
1 vote Thank Flag Link Sat Mar 29, 2008
Hi RIck,
Here is the true picture of the market in Corona. Our worst month was August of 2007 when we had 4121 homes on the market, 126 in escrow and 153 sold that month. That means we had over a 2 year stock of homes on the market. We have seen a steady decrease in inventory since then. Last month (March 2008) we had 3038 homes on the market, 366 in escrow and 167 closed sales. That menas we have only about an 8 month stock of inventory. As of right now today, there are fewer than 1860 homes on the market and 447 in escrow. As a REALTOR(R) working this area, I can tell you demand is high. It is not unusual to have the best priced homes get multiple offers in the first few days on the market. Particularly the "entry level" homes that are perfect for first time home buyers.
Ask your REALTOR(R) to help you find the right neighborhood for you, and best of luck to you.
0 votes Thank Flag Link Fri Apr 11, 2008
Corona is saturated with foreclosures, I suggest waiting 3-6 months to see how the market turns out, as prices are dropping by the day. You don't want to be the high sale in the neighborhood.
0 votes Thank Flag Link Tue Apr 1, 2008
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