Corona del Mar CA Real Estate Sees Stable Property Value Increases Over 13 years
Corona del Mar (Spanish for “Crown of the Sea”) is a affluent town in Newport Beach CA and is located on the seaward face of the San Joaquin Hills.
Corona del Mar CA (or CDM) real estate shows healthy selling prices this year and property value increases over the past 13 years.
184 Corona del Mar homes have sold this year so far from January 1 to August 31, 2013 – with average sold price of $2,064,551 – and average interior size of 2,512 SF.
199 Corona del Mar homes sold during that same time 13 years ago – from January 1 to August 31, 2000 – with average sold price of $963,498 – and average interior size of 2,416 SF.
So Corona del Mar average home selling prices have gone up $1,101,053 during that time – which is an increase of 114 percent over the 13 years – or an average home selling price increase of 8.7 percent during that time.
Corona del Mar home prices were already high during 2000 in relation to other communities at South Orange County. Real estate values remained stable at CDM through most of the real estate bus from 2007 to 2011 – and remain less volatile than in almost all other areas and cities in Orange County.
Corona del Mar has been very good for home buyers and owners who expect to protect and grow their property values.
Source of some information is CRMLS and is for homes listed and sold by all brokers and agents.