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Home Property Tips :: Corona Del Mar Real Estate
Corona Del Mar Real Estate:
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Thanks to its idyllic seaside setting and true community feel, Corona Del Mar real estate is highly desirable, making it home to families and individuals both young and old.
Set on the Pacific Ocean, home to parts of Orange County’s beautiful communities, and tucked away at the foot of the San Joaquin Hills, Corona Del Mar has it all.
If you’re interested in Corona Del Mar real estate, keep reading for information on the community and its housing market.
The Corona Del Mar Community
Along with its beautiful setting and quick access to nature, Corona Del Mar is a mere 50 miles from Los Angeles and just 70 miles from San Diego. The area boasts many large-scale, luxury homes and a median income of over $110,000.
This affluence translates to a fantastic school system, great shopping, beautiful seaside dining options, a low unemployment rate and outstanding community facilities.
Because of its seaside location, Corona Del Mar also attracts active residents interested in indulging in a variety of ocean and beachfront recreational activities ranging from sailing and diving to surfing.
The Corona Del Mar Real Estate Market
Corona Del Mar real estate does not come cheap. It’s a prime area filled with stunning seaside homes and luxurious mansions. Because of the affluence of the area, the median home price hovers around $1.8 million and $1.9 million.
Smaller, entry-level homes and condos can be purchased for between $500,000 and $700,000, but this is not a market for low-income or entry-level buyers.
While home prices in the area are dropping after the recent housing and mortgage crisis, Corona Del Mar’s market is opening up.
The average prices of Corona Del real estate are dropping, but potential residents and investors should see the area as an investment, sure to rise in value again.
In short, Corona Del Mar is still one of California’s most desirable neighborhoods and home to some of the best facilities in the country.
If you’ve decided to purchase Corona Del Mar real estate, congratulations on your decision to buy into one of the nation’s best markets at an ideal time.
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HomePropertyTips.com :: Corona Del Mar Real Estate