Published April 19, 2023
The Complete Guide to Real Estate in Corona Del Mar, CA
Home Prices and Average Price Per Sq Ft
The median home price in Corona Del Mar is around $4.4 million, making it one of the most expensive real estate markets in Orange County. However, the price per square foot varies depending on the property's location, age, and condition. Using MLS data, we've compiled a table that breaks down the average price per sq ft by neighborhood.
| Neighborhood | Average Price per Sq Ft |
|---|---|
| Harbor View | $1,150 |
| Jasmine Creek | $850 |
| Shorecliffs | $1,200 |
| Corona Highlands | $1,350 |
| Cameo Shores | $1,650 |
| Spyglass Hill | $1,400 |
Pros and Cons of Corona Del Mar Real Estate
Here's a quick rundown of the pros and cons of investing in Corona Del Mar real estate:
Pros
- Luxury Lifestyle: Corona Del Mar is known for its luxurious lifestyle, with high-end amenities and beautiful homes.
- Proximity to Beaches: The community is located near several stunning beaches, making it a popular spot for water activities.
- Access to Shopping and Dining: Corona Del Mar is just minutes away from world-class shopping and dining at Fashion Island.
- Strong Appreciation Potential: With its prime location and high-end properties, Corona Del Mar offers excellent investment opportunities with the potential for strong appreciation.
Cons
- High Prices: Corona Del Mar real estate is some of the most expensive in Orange County, with a median home price of $4.4 million.
- Limited Inventory: The high demand for Corona Del Mar real estate means that there is limited inventory available, making it challenging to find the right property at the right price.
- Competitive Market: The real estate market in Corona Del Mar is highly competitive, with many buyers vying for the same properties.
Conclusion
Corona Del Mar, CA is a highly desirable coastal community with a diverse real estate market. Whether you're looking for a luxury estate or a quaint beachfront home, there is something for everyone in this stunning community. While the real estate market in Corona Del Mar can be competitive and expensive, the potential for strong appreciation and access to a luxurious lifestyle make it a worthwhile investment. With the help of a local real estate expert, you can find your dream property in Corona Del Mar and start living the beachfront lifestyle you've always wanted.
