The prices in real estate in Corona Del Mar, 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 Del Mar has increased strongly during the last 6 months. In April, the average price per sq.feet was $1,349. In the following month the price per sq.feet increased considerably to $4,166. In the following two months the price per sq.feet has barely changed, going from $2,757.5 to $2,733.5 per sq.feet. The price per sq.feet has had a considerable deflation of 50 % 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 $2,745.5 to $1,359.5 during August, and September.
Based upon to the price in Corona Del Mar (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $3,890,687. During May the price went through a considerable rise reaching $4,655,263. During the following two months (June, July) the price has had an average incrementation from $4,272,975 to $4,599,766. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $4,436,370.5 to $3,927,240.5 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $3,614,282 they are 48 % more affordable than the average price for Corona Del Mar. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 1 bedroom priced at $4,118,252.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $1,240 / sq.feet, with an average $1,332 / sq.feet price in Corona Del Mar. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,459 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $3,614,282 it is 37 % cheaper than the average price in Corona Del Mar. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $2,441,667 it is 35 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $1,127 / sq.feet followed by "Condo" priced at $1,230 / sq.feet. "Townhouse" is the most costly type of property with a $1,440 / sq.feet cost followed by "House" with an average price of $1,430 / sq.feet.