The prices in real estate in Corona, in the California region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Corona has increased strongly during the last 6 months. In May, the average price per sq.feet was $204. In the following month the price per sq.feet increased to $216. The price for the following two months in (July, August) had a considerable increment of 117 %. The price per sq.feet has increased 109 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $228 to $247.5 during September, and October.
Based upon to the price in Corona (cities), this has gone up in the last 6 months. In our first sample month during May, the average price is $548,142. In June This price remains at $568,793. During the following two months (July, August) the price has had an average incrementation from $558,467.5 to $634,501.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $596,484.5 and $580,306 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $578,189 they are 51 % more affordable than the average price for Corona. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $512,495.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $234 / sq.feet, with an average $249 / sq.feet price in Corona. The properties with the highest average prices have 1 bedroom. They are 71 % more expensive than the average followed by properties with 2 bedrooms with a price at $295 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $578,189 it is 34 % cheaper than the average price in Corona. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $444,812 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $235 / sq.feet followed by "Townhouse" priced at $236 / sq.feet. "Condo" is the most costly type of property with a $294 / sq.feet cost followed by "House" with an average price of $241 / sq.feet.