The Oceanside real estate market has undergone many shifts in the last several years 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 the local market conditions benefits you as the buyer or seller for making informed decisions about a purchase or as sale.
READ MORE: Oceanside California - A Growing and Changing Coastal San Diego Community
In August 2009 there were 182 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), as compared to 262 in July (a decrease of 30%). Here's the breakdown of overall activity.
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TOTAL
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DETACHED
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ATTACHED
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|
# Sold
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182 (down 30%)
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106 (down 37%)
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76 (down 18%)
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Average $
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$299,464 (up 6%)
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$341,838 (up 3%)
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$240,365 (up 24%)
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Days on Market
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47
|
46
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48
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Sale $/List $
|
100% (74%-137%)
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100%
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99%
|
Sales volume decreased substantially in August, as did the number of days on market, whereas average sale prices rose, a trend we have seen in other nearby communities in August.
In Oceanside there were 276 homes with a contingent status at the end of August, 5% less than at the end of July - 60% of these are detached homes. This represents 39% of all the homes for sale. Buyers entering the Oceanside real estate 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 August 2009 the Oceanside real estate market had 709 homes for sale (389 detached and 320 attached), only 5 homes less than in July. This represents an inventory of 2.9 months for detached homes (no change from July) and 4.1 months for attached homes (down slightly from July) based on the current rate of sales over the last 6 months.
In August 195 homes came on the market, 34% more than last month. During August 115 homes went pending, only about half the number that went pending in July.
More details can be provided with regard to current activity in the Oceanside real estate market as well as within the specific zip codes or subdivisions.
READ MORE:
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, or about real estate in surrounding areas, 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
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Jeff - Interesting that you're seeing some of the same activity we're seeing here on the East Coast. While year to year sales numbers are down, the months supply of inventory has been decreasing steadily which is a great sign that the market is moving in the right direction again.