What Happened in the Oceanside Real Estate Market Report in November 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, mobile or multifamily 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 November 2011 there were 183 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 14% more than last month. Here’s the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold |
183 (up 14%) |
123 (up 9%) |
60 (up 25%) |
|
Average $ |
$294,914 (down 3%) |
$341,311 (down 4%) |
$199,800 (up 11%) |
|
Days on Market |
81 |
86 |
70 |
|
Sale $/List $ |
97% |
97% |
96% |
Sales volume rose overall from October sales, especially for attached homes. The pattern for pricing was not so straightforward – average prices decreased for detached homes, although modestly, but jump fairly significantly for attached. The average marketing time remained about the same.
At the end of November 2011 there were 824 Oceanside homes for sale, a decrease of 9% over last month, the third month of inventory decline, a pattern we have seen in other communities. This represents an inventory of 4.5 months for detached homes (down from 5.1 months in October) and 4.8 months for attached homes (down from 4.9 months in October) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In November 184 Oceanside homes came on the market, down about 24% from October which may lead to a further tightening in the Oceanside real estate market. During November the number of homes going pending (155) also shifted downward from October but only by 4 homes (3%).
I would be pleased to provide more details about 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
SEARCH FOR OCEANSIDE CONDOS FOR SALE
READ MORE:
Oceanside Homes for Sale | Oceanside Real Estate Market Report for October 2011
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
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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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Hi Jeff - excellent market report about Oceanside. Glad to see it is a stable or buyers market with an absorption rate of 4.5 months.
Nice market report for Oceanside Jeff, good to see the reduced inventory. Happy Holidays and best wishes for a terrific 2012.
Glad to see that sales are up in Oceanside, Jeff. And I like your market report with it's easy to read chart.
It sounds like things in your neck or the woods are moving right along!! Good for you!!