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Thursday, September 26, 2024

Corona home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Corona rose by $35,000 while total sales increased by 69.3%, according to BlockShopper.com.

From July through September of 2020, there were 655 homes sold, with a median sale price of $570,000 - a 6.5% increase over the $535,000 median sale price for the same period of the previous year. There were 387 homes sold in Corona in the third quarter 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 third quarter of 2020.

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

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Indian Wells8940122.5%$694,500$627,50010.7%
Yucaipa 12-50%$665,000$663,7500.2%
Norco7632137.5%$630,000$634,500-0.7%
Corona65538769.3%$570,000$535,0006.5%
Rancho Mirage25491179.1%$560,000$530,0005.7%
Mira Loma 322718.5%$545,500$500,0009.1%
Palm Springs443213108%$533,000$419,00027.2%
Temecula51234050.6%$530,000$479,50010.5%
Canyon Lake11050120%$526,250$475,00010.8%
La Quinta405188115.4%$505,000$421,00020%
Mountain Center 199111.1%$504,000$420,00020%

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