The Oceanside real estate market has undergone many shifts 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 local market conditions benefits you as the buyer or seller for making informed decisions about a purchase or sale.
READ MORE: Oceanside California - A Growing and Changing Coastal San Diego Community
In September 2009 there were 219 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), as compared to 182 in August (an increase of 20%). Here's the breakdown of overall activity.
|
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TOTAL
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DETACHED
|
ATTACHED
|
|
# Sold
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219 (up 20%)
|
135 (up 27%)
|
84 (up 11%)
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|
Average $
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$294,158 (down 2%)
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**$354,091 (up 4%)
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$200,839 (down 16%)
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|
Days on Market
|
51
|
49
|
56
|
|
Sale $/List $
|
99%
|
100%
|
98%
|
** One home was reported as selling for $22,800 when in fact it sold for $228K. This average has been corrected to make the adjustment for the error in reporting on the MLS.
In Oceanside there were 306 homes with a contingent status at the end of September, 11% more than at the end of August. This represents 43% of all the homes for sale.
Buyers entering the Oceanside real estate market are seeing well over 1/3 of the inventory already with offers in for approval for short sales and REOs. (Note: these are not the only short sale and REO homes for sale). These contingent homes are included in the overall Active stats below.
At the end of September 2009 the Oceanside real estate market had 717 homes for sale, up 1% from August. This represents an inventory of 2.9 months for detached homes (no change from August) and 3.8 months for attached homes (down slightly from August) based on the current rate of sales over the last 6 months.
In September 280 homes came on the market, 44%% more than last month. During September 237 homes went pending, more than double the number going pending in August.
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 August 2009
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 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
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If I can provide more information about Carlsbad real estate 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 me by phone or text at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
Serving Carlsbad (including Aviara, La Costa & Carlsbad Village), Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Carmel Valley, Escondido, and San Diego
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Hi Jeff, There is a large amount of Distressed sales in the mix, correct? ( Considering that Contingent in this case is used for awaiting Lender approval). The 4% increase in sales price can either reflect that prices in general are going up or that the Distressed sale business is reflecting that homes of greater size and value are now in the mix. I expect it will take a lot of careful analysis to determine which or if both these elements are taking place. Suspecting the later.