Corona del Mar Home Sales and Prices Market Update

Corona del Mar Home Selling and Prices Market Update

Corona del Mar main beach was an especially exciting place on August 27, 2014 – with huge waves after hurricane swell.

Corona del Mar CA home selling and prices market update shows:

103 Corona del Mar homes are now listed for sale on the CRMLS (as of September 17, 2014).

$3,703,000 is the average list price for Corona del Mar homes – as of September 17, 2014.

27 Corona del Mar homes were sold during August 2014.

$2,038,111 was the average Corona del Mar home selling price during August 2014.

Average CDM home selling price in August this year was 44 percent lower that the average asking price.

This big difference between average list price and average selling price is because of combination: (a) some sellers are asking too much for their homes, or (b) fewer of the high-end estate properties with high prices are selling, or (c) smaller size homes are selling this year.

18 Corona del Mar homes were sold last year during same time August 2013.

$2,800,061 was the average CDM home selling price during August 2013.

So Corona del Mar home selling activity was up during August this year as compared with last year August 2013.

Buyers are looking more at prices this year and expect to pay fair market value relative to recent sales.

CDM home buyers have better options this year 2014 and like upgraded homes and value. Sellers are in control of most contract terms, and buyers have more influence on prices.

By Harrison K. Long. Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Corona del Mar and Orange County, CA.

Source of some information is CRMLS and is for homes sold by all brokers and agents.

Contact us at 949-854-7747 with your questions about homes and property values at Corona del Mar CA.

Corona del Mar Home Selling and Prices Market Update

About Harrison K. Long

Businessman, Professional real estate representative, Realtor, GRI, Broker associate, Coldwell Banker Residential Brokerage - Orange County, California - CA DRE 01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about homes and real estate - Orange County Association of REALTORs member, California Association of Realtors member now serving on its board of directors from 2011 to the present, National Association of Realtors member - Attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515.
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