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NW Riverside News

Wednesday, September 25, 2024

Corona home prices rise in the first half of 2020

Realestate5

The median sale price of a home sold in the first half of 2020 in Corona rose by $39,000 while total sales decreased by 40.1%, according to BlockShopper.com.

From January through June of 2020, there were 747 homes sold, with a median sale price of $550,000 - a 7.6% increase over the $511,000 median sale price for the same period of the previous year. There were 1,248 homes sold in Corona in the first half of 2019.

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 first half of 2020.

The following table compares Corona to other Riverside County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Indian Wells102169-39.6%$757,500$825,000-8.2%
Yucaipa 10-$640,000$0-
Mountain Center 821-61.9%$634,500$525,00020.9%
Norco85122-30.3%$587,500$584,5000.5%
Corona7471,248-40.1%$550,000$511,0007.6%
Rancho Mirage245432-43.3%$539,000$525,0002.7%
Temecula638923-30.9%$498,750$465,0007.3%
Canyon Lake114137-16.8%$497,000$438,00013.5%
La Quinta478754-36.6%$474,000$450,0005.3%
Mira Loma 4688-47.7%$474,000$503,250-5.8%
Sun City 23-33.3%$460,000$270,00070.4%

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