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 February 2010 there were 146 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), a 7% increase after a 32% decrease from December to January. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
146 (up 7%) |
98 (up 27%) |
48 (down 19%) |
|
Average $
|
$317,268 (up 5%) |
$369,837 (down 3%) |
$209,938 (up 5%) |
|
Days on Market
|
61 |
56 |
70 |
|
Sale $/List $
|
99% |
99% |
98% |
In Oceanside there were 305 homes with a contingent status at the end of February, up 16 from January. This represents 40% of all the homes for sale. Buyers entering the Oceanside real estate market are seeing almost 1/2 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, just those with offers). These contingent homes are included in the overall Active stats below.
At the end of February 2010 the Oceanside real estate market had 761 homes for sale, up 10% from January. This represents an inventory of 3.4 months for detached homes (up from 3.1 months last month) and 5.3 months for attached homes (up from 4.5 months in January) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In February 278 Oceanside homes came on the market, a substantial 40% increase over January - good news for buyers. During February 201 homes went pending, 33% more than last month.
More details can be provided with regard to current activity in the Oceanside real estate market and within the specific zip codes.
READ MORE:
Oceanside Real Estate - Oceanside Real Estate Market Report for January 2010
Oceanside Real Estate - Oceanside Real Estate Market Report for December 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for November 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for October 2009
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 © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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If I can provide more information about Carlsbad real estate and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact me by phone or text at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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Jeff looks like that area is headed back in the right direction after a bad month. Keep it going that way.
George - things are improving. BUt compared to a number of months ago the Oceanside market is doing VERY well. The big issue is there is still not enough inventory.
Jeff