Building, Building, Building in Corona Del Mar
If the building boom in Corona Del Mar is any indication that the recession is over, then alleluia things are looking up. The small cottages are slowly being replaced with new single family residences, but more prevalent are the two-story duplex’s and two-unit condos. If you drive or walk around the 15 streets named after flowers and trees in the village of Corona Del Mar, you can’t help but notice all the new construction on every Avenue. The properties are all uniquely designed, some have a very modern style, others have the traditional cape cod charm and then of course there is the California Spanish style. The properties are being built by individual homeowners, developers and local builders as Speculation homes. Perhaps these statistics below are the reason why!
Average listing price for homes in Corona Del Mar was $3,337,268 for the week ending May 29, which represents an increase of 1.8%, or $60,011 compared to the prior week and an increase of 4.6%, or $145,977, compared to the week ending May 08. Average price per square foot for homes in 92625 was $1,309 in the most recent quarter.
25 for sale properties, $4,191,080 average price
25 sold properties, $2,213,760 average price
The properties shown here are still in the plan check phase but all the cottages are vacant and ready to be demolished:
Currently Under Construction
Brandon Architecture is the designer of these Duplex Homes and is becoming the new face of the 21st Century in Corona Del Mar. The owner Chris Brandon and his team of four have designed dozens of properties in Corona Del Mar and Newport Beach in the last year alone.
Follow our blog for more to come…