market bottom: Rancho Del Oro and many parts of Oceanside showing signs of recovery - 03/31/08 05:16 PM
Many parts of Oceanside have seen prices almost freefall since last summer. Fortunately, due to recent buyer activity, that decline has a chance to slow down and maybe even level off.
With 53 homes actively for sale in Rancho Del Oro, and 14 in Pending status, it indicates a theoretical 4 month inventory. For the latter half of 2007, that was typically 6-9 months.
Another indicator is the number of multiple offers that are occurring, particularily in the sub-$500,000 price range. While a number of the offers are still considered low-balls, it appears there is enough competition that sellers can start to … (0 comments)