Oceanside Real Estate Market Report for October 2011
The Oceanside real estate market has undergone many shifts and continues to evolve. This market 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 in making informed decisions.
READ MORE: Oceanside California – A Growing and Changing Coastal San Diego Community
In October 2011 there were 161 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 9% fewer than last month. Here’s the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold |
161 (down 9%) |
113 (down 2%) |
48 (down 21%) |
|
Average $ |
$304,104 (up 1%) |
$356,663 (up 3%) |
$180,386 (down 17%) |
|
Days on Market |
83 |
85 |
78 |
|
Sale $/List $ |
97% |
98% |
98% |
Sales volume declined from September sales, but only modestly for detached homes. In contrast the average sales prices of detached homes increase, although not significantly, but declined for attached homes.
At the end of October 2011 there were 901 Oceanside homes for sale, a decrease of 4% over last month, the second month of inventory decline. This represents an inventory of 5.1 months for detached homes (down from 5.4 months in September) and 4.9 months for attached homes (up from 4.7 months in Septembert) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In October 241 Oceanside homes came on the market, about the same as in September (down by 2, or 1%) . During October the number of homes going pending (159) also shifted downward from September but only by 2%.
More details can be provided with regard to the Oceanside real estate market and within specific zip codes, areas or price ranges to help you make an informed decision about your home purchase or sale.
SEARCH FOR OCEANSIDE HOMES FOR SALE
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READ MORE:
Oceanside Homes for Sale | Oceanside Real Estate Market Report for September 2011
Oceanside Homes for Sale | Oceanside Real Estate Market Report for August 2011
Oceanside Homes for Sale | Oceanside Real Estate Market Report for July 2011
Oceanside Homes for Sale | Oceanside Real Estate Market Report for June 2011
Oceanside Homes for Sale | Oceanside Real Estate Market Report for May 2011
Oceanside Homes for Sale | Oceanside Real Estate Market Report for April 2011
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If I can provide more information about Carlsbad homes and real estate for sale 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 my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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Jeff a reduction in inventory should be a good sign even if sales are slightly down. It would be nice to see all of the figures going in the right direction again.