The Oceanside real estate market has undergone many shifts and continues to evolve, especially with the number of distress sales. This report does not include any private sales nor manufactured or mobile housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.
Media reports speak in general terms, so information may not represent the reality of the local Oceanside real estate market. Having data from a knowledgeable agent about local market conditions benefits you as the buyer or seller for making informed decisions about a purchase or sale.
READ MORE: Oceanside California - A Growing and Changing Coastal San Diego Community
In October 2009 there were 201 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), as compared to 219 in September (a decrease of 8%). Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
201 (down 8%) |
136 (no change) |
65 (down 23%) |
|
Average $
|
$291,254 (down 1%) |
*$339,247 (down 4%) |
** $191,880 (down 4%) |
|
Days on Market
|
60 |
63 |
55 |
|
Sale $/List $
|
100% |
100% (77-118%) |
101% (85-122%) |
* One home was reported as selling for $208 when in fact it sold for $280K. This average has been corrected to make the adjustment for the error in reporting on the MLS.
** One home was reported as selling for $206 when it actually sold for $206,000. This average has been corrected to make the adjustment for the error in reporting on the MLS
In Oceanside there were 295 homes with a contingent status at the end of October, 4% fewer than at the end of September. This represents 63% of all the homes for sale. Buyers entering the Oceanside real estate market are seeing almost 2/3s of the inventory already with offers in for approval for short sales and REOs. (Note: these are not the only short sale and REO homes for sale). These contingent homes are included in the overall Active stats below.
At the end of October 2009 the Oceanside real estate market had 763 homes for sale, up 6% from September. This represents an inventory of 3.1 months for detached homes (down from 3.1 month in September) and 4 months for attached homes (up slightly from September) based on the current rate of sales over the last 6 months.
In October 164 homes came on the market, 59% fewer than last month. During October 177 homes went pending, 25% less than last month.
More details can be provided with regard to current activity in the Oceanside real estate market as well as within the specific zip codes or subdivisions.
READ MORE:
Oceanside Real Estate - Oceanside Real Estate Market Report for September 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for August 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for July 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for June 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for May 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for March and April 2009
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If I can provide more information about Oceanside real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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Jeff, the real estate market in Oceanside is a Seller's Market with only 3.1 months of inventory. Here, we have a 12 month supply still.
Jeff: interesting how few months of inventory you have. Why do you think so fewer homes came in the market in October?
Hi Jeff, On that sale reported for $206.00. I would bet if there was some motivation to fix it like paying the agent the co-op based on what they reported. I would bet more care would be used. Why is rushing and mistakes and bad attitudes all so acceptable today as though this is our new way of life in the industry. To err is human but so is making the necessary corrections. :-)
Sharon - yes that's true (but it REALLY is a bank's market) and it's been that way for a while.
Lloyd - It seems to be a slowdown in the REOs at the moment.
William - this stuff drives me nuts. It affects the data we rely on and it is such an easy thing to do correctly. I see it often in sales data but also listing info.
Jeff