About the Data
The data used in this dashboard is provided by a report created by Beacon Economics, one of California’s leading economic research and consulting firms, specializing in economic and revenue forecasting, economic impact analysis, economic policy analysis, regional economic analysis, real estate market and industry analysis, and EB-5 Visa analysis. Median housing price data is uploaded into Socrata manually on a quarterly basis once available.
"The City of Corona will continue to protect and enhance the physical environment of the City and provide for the highest possible quality of life for the residents of the City of Corona by overseeing the creation of affordable housing and preservation of the present housing stock within the City of Corona."
Median Housing Price
The median housing price is the average point of all the houses sold over a set period. This price is often used as the most common indicator for the property market.
Median housing prices accurately reflect housing trends, consumer sentiment, and property market conditions.
The median housing price can also reveal how a certain area within the city has been performing over recent years.
Corona's Median Moves Upward
The City of Corona is experiencing robust home price appreciation and steady home sales, leading to an increase in median housing price. However, the appreciation rates of more affordable nearby cities have increased at a faster pace. From the first quarter of 2017 to the first quarter of 2018, home prices in the city increased 8.4% to $511,912 and sales were up 0.3%.