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 December, the average price per sq.feet was $1,455. In January this price pretty much remained the same at a value of $1,427 per sq.feet. The price for the following two months in (February, March) decreased 95 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 196 % 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 $1,404.75 to $2,757.5 during April, and May.
Based upon to the price in Corona Del Mar (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is $4,469,753. In January This price remains at $4,266,966. In the following two months the average price has remained the same with regard to the previous two months from $4,368,359.5 to $4,361,402. 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 $4,364,881 and $4,272,975 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $4,655,263 they are 61 % more affordable than the average price for Corona Del Mar. The properties with the highest average price have 1 bedroom, Their price is 17 % more costly than the average. After that we have properties with 4 bedrooms priced at $5,139,923.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $1,308 / sq.feet, with an average $4,166 / sq.feet price in Corona Del Mar. The properties with the highest average prices have 1 bedroom. They are 321 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,399 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $4,655,263 it is 56 % cheaper than the average price in Corona Del Mar. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $2,289,115 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $1,275 / sq.feet followed by "House" priced at $1,408 / sq.feet. "Duplex" is the cheapest type of property with a $1,448 / sq.feet value followed by "House" with an average price of $1,408 / sq.feet.