Corona, originally named South Riverside, originated at the beginning of the SO CAL Citrus craze in the late 1800’s, and is strategically located at the upper end of the Santa Ana River Canyon, a major pass through the Santa Ana Mountains. The Corona Real Estate market was once named the “Lemon Capital of the World”. A museum in the city of Corona presents the lemon’s former position in the local economy. The Corona residential market derived its name Circle City from the curious layout of its streets, with a standard grid enclosed by the circular Grand Boulevard. The design was created by Hiram Kellogg, a civil engineer from California who was an influential figure in the early development of Orange County. Corona was establish as a town by the South Riverside Land and Water Company. The company was incorporated after 1885. Originally located in San Bernardino County, the Corona community was named South Riverside and received its post office in that name in 1887. In 1896m the city was renamed Corona for its circular Grand Boulevard, where three international automobile races were held. The Corona homes for sale have been popular among celebrities drawn to its upscale areas and relative privacy compared to Los Angeles.
In recent years the Corona real estate market has been known as the Gateway to the Inland Empire. Prior to the 1980’s, the city was a largely agricultural community, dominated by dairy farms, ranches and citrus orchards. High real estate prices in Orange and Los Angeles counties made the land desirable to developers and industrialist, and by the late 1990’s Corona was considered a major suburb of Los Angeles. The Corona properties are found in a city that is considered a bedroom community of orange County, Los Angeles and the larger cities of the Inland Empire. The development of commerce and industry in the city has been accelerated by access to the area via the Riverside Freeway, with many firms leaving northern Orange County go be closer to their employees’ homes in Corona and Riverside. The construction of the nearby Chino Valley Freeway has linked Corona to the Pomona and San Gabriel Valleys. In 2002, the city government considered an initiative to secede from Riverside County and form an autonomous Corona County because the city government and some residents were dissatisfied with how services were handled in nearby areas.
Quality of life and green space are the threads that bind trending neighborhoods in and around Corona. Residents want the convenience and access that urban living provides, and seek neighborhoods with walking streets and minimal traffic with easy access to restaurants and shopping. Hot neighborhoods are the ones where buyer demand exceeds the supply. In the Corona real estate market, these Corona properties are near excellent schools or very close to downtown. Ability to walk to conveniences has become a new demand. Older neighborhoods that are close to restaurants, corner grocers and shopping are starting to attract buyers that are willing to pay a premium. The Corona residential market may be the place to buy, but it takes a Corona Real Estate Broker with insight, foresight and understand to ensure the best interest of the buyer are being met. The Corona homes for sale continue to inspire potential home buyers with their many charms: it’s an active environment with access to golf, hiking and biking trails and all sorts of other outdoor activities. In addition, the area features a wonderful array of culinary and cultural experiences.
What’s a hot-spot area? It’s one that’s happening day and night, where people are out walking the streets, where restaurants are bustling and new businesses are on the rise. It’s also a neighborhood that attracts new developers and where real estate trades quickly. The trending neighborhoods in the Corona real estate market offer the kind of upscale, suburban lifestyle that so many families and professionals find appealing. You’ll find high-end appointments and luxury amenities in homes with in-ground pools, which are common in the Corona community. It takes a focused and comprehensive understanding of the lay of the land for Corona Real Estate Broker to distinguish itself in any real estate market. BanCorp Properties and our team of Corona Realtors never fail to help our clients sift through the myriad of possibilities in the complex, ever-changing Corona residential market.