Everyone knows that buying a home in California, especially Southern California, is expensive. Coming off a home sale in Whitby, Ontario, however, you may be unprepared for exactly how expensive it is. In order to prepare you for your expensive new life and to help you create a budget for moving from your current town to California, we've created this guide to real estate prices in Corona, California. You would be wise to peruse it before you make any plans.

The good news for home buyers is that after the sub prime mortgage crisis and the recession hit, real estate values all over California, including in Corona, took a big hit, from which they have still not fully recovered. This makes now the best time to get a Sutton mortgage and buy a California home. That's not to say yesterday wasn't better and tomorrow couldn't bring more price drops, just that it's an excellent time to buy and you might want to take advantage.

The median sales price for a house in Corona peaked in the beginning of 2007 at nearly $600,000. After that the median sales price experienced a steady decline that bottomed out midway through 2009, following a trend much like the price of a house for sale in Scarborough. Since the middle of 2009 the medial home price has been rising overall, barring a few temporary week-to-week drops, but has yet to approach its pre-recession values. The current median sales price is about $328,000.

The median sales price represents the middling value of what houses in Corona are actually selling for, but there's another price that you should be concerned with as a buyer, whether you're shopping for a condo here or a home for sale in Mississauga. It's the average listing price. This is the amount that sellers are asking for their homes, and currently, it stands at about $344,000. This means that in many cases you will be able to negotiate a homeowner down from their asking price.

Homeowners are usually the last to realize that properties have devalued, so don't let the asking price of a home deter you from making an offer. There's always a deal to be done, even though asking prices have been dropping for several years to reflect how much buyers are actually willing to pay, while the asking price of a condominium in downtown Toronto has actually gone up. Of course, these are only averages. To figure out how much you're going to end up paying for the size of home you want, use the average price per square foot, which is $149. You can multiply it by your desired square footage to get a ballpark figure.