Like other local markets, the Oceanside real estate market has undergone many shifts in the last several years and continues to evolve, especially with the large number of distress sales. These data do not include any private sales nor manufactured housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed. 

Media reports speak in general terms, rather than local, so that information may not represent the reality of the local Oceanside real estate market. Having data from a knowledgeable agent about the local market conditions benefits you as the buyer or seller.

In June 2009 there were 190 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), as compared to 219 in May (a decrease of 13%). Here's the breakdown of overall activity. 

 The sales volume declined in June to a level consistent with several months ago, and the average price for both detached and attached homes increased, as we have seen in other coastal communities. 

In Oceanside there were 265 homes with a contingent status at the end of June, 10% more than at the end of May - 57% of these are detached homes. This represents 37% of all the homes for sale. Thus buyers entering the market are seeing over 1/3 of the inventory already with offers in for approval for short sales and REOs. These contingent homes are included in the overall Active stats below. 

At the end of June 2009 there were 720 Oceanside homes for sale (381 detached and 339 attached), about the same as in May. This represents an inventory of 3.1 months for detached homes (up from 1.8 months in May) and 4.9 months for attached homes (up from 3.7 months in May) based on the current rate of sales over the last 6 months.  These absorption rates continue to be impressive when compared to many other parts of the country, some of which have over 2 years of inventory. Indeed we are seeing more multiple offers, not only on distress sales but also on regular sales, especially below $400,000.

In June we saw 199 homes come on the market (118 detached, 81 attached), 23% more than in May. During June 216 homes went pending, 2% more than in the previous month. 

More details can be provided if needed with regard to current activity as well as within the specific zip codes of Oceanside.

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If I can provide more information about Oceanside 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