Spring is here, and with it come blooming flowers, warmer days, and a real estate market that’s buzzing with activity. If you’re considering buying a home in Corona, California, spring might just be the perfect season to make your move. Here’s why.
More Homes, More Choices
Spring is the real estate market’s busiest season for a reason: inventory skyrockets. Sellers know this is when buyers are most active, so they list their homes to take advantage of the demand. In Corona, where the median home price currently sits at $755,000, having more options on the market means you’re more likely to find a home that fits your needs and budget. Whether you’re looking for a cozy starter home or a spacious family property, spring offers the widest selection of listings.
Corona’s Competitive Edge
The Corona housing market is somewhat competitive, with homes receiving an average of three offers and selling in about 47 days. But spring brings even more activity. While this means you’ll face some competition, it also means sellers are motivated and ready to negotiate. Hot homes in Corona sell quickly, sometimes within 20 days, so being prepared to act fast can work in your favor.
Perfect Weather for House Hunting
No one wants to trudge through rain or extreme heat to view homes. Spring in Corona offers ideal weather for exploring neighborhoods and attending open houses. With sunny skies and mild temperatures, you can fully appreciate a home’s curb appeal and outdoor spaces without breaking a sweat.
A Family-Friendly Timeline
If you have kids, spring is an especially strategic time to buy. Closing on a home during this season means you can move in early summer—just in time for the new school year. Corona boasts excellent schools like Susan B. Anthony Elementary and Dwight D. Eisenhower Elementary, making it an attractive area for families looking to settle down.
The Numbers Are on Your Side
This year, Realtor.com predicts an 11.7% increase in housing inventory nationwide, which could help balance supply and demand in markets like Corona. While spring typically sees higher prices due to increased competition, the additional inventory may give buyers more leverage than in previous years.
Additionally, while mortgage rates remain higher than pre-pandemic levels, they’ve stabilized compared to recent spikes. This stability makes spring an opportune time to lock in financing before rates potentially rise again.
Why Corona?
Corona isn’t just about real estate; it’s about lifestyle. Nestled between Orange County and Riverside County, this city offers the perfect blend of suburban comfort and urban convenience. With its proximity to major freeways like the 91 and 15, commuting is manageable whether you work locally or head into Los Angeles or San Diego.
Corona also boasts plenty of amenities for residents: parks like Skyline Drive Trail for outdoor enthusiasts, shopping centers like The Shops at Dos Lagos for retail therapy, and top-rated restaurants serving everything from sushi to classic American fare. Add in its strong sense of community and excellent schools, and it’s clear why so many people are drawn to this city.
Tips for Buying This Spring
- Get Pre-Approved: With homes selling quickly in Corona, having your financing ready will give you an edge over other buyers.
- Act Fast: If you see a home you love, don’t hesitate—spring competition means properties don’t stay on the market long.
- Work With a Local Agent: A knowledgeable agent can help you navigate the competitive landscape and find the best deals.
- Be Ready for Bidding Wars: In high-demand areas like Corona, multiple offers are common during springtime.
Balancing Competition With Opportunity
While spring offers more inventory and better weather for house hunting, it also comes with increased competition. Buyers should be prepared for bidding wars and potentially higher prices—especially since May tends to be one of the most expensive months for home purchases nationwide.
That said, the benefits of buying in spring often outweigh these challenges. With more homes on the market and sellers eager to close deals before summer vacations begin, buyers have ample opportunity to find their dream home in Corona.
Spring isn’t just another season—it’s the season for real estate in Corona. From abundant listings to family-friendly timing and gorgeous weather for house hunting, there’s no better time to dive into this market.
Sources: bankrate.com, redfin.com, realtor.com
Header Image Source: Daria Nepriakhina 🇺🇦 on Unsplash
