Oceanside Real Estate Market Report for September 2010
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 2010 there were 178 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), 5% more than last month. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
178 (up 5%) |
104 (up 5%) |
74 (up 6%) |
|
Average $
|
$288,854 (down 7%) |
$340,997 (down 6%) |
$215,571 (down 10%) |
|
Days on Market
|
74 |
70 |
80 |
|
Sale $/List $
|
98% |
98% |
97% |
Sale volume rose modestly overall but average sales prices declined across the board.
In Oceanside there were 231 homes with a contingent status at the end of September, about 7% below August numbers. This represents 24% of all the homes for sale. Buyers entering the Oceanside real estate market are seeing 1/4 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, just those with offers). These contingent homes are included in the overall Active stats below.
At the end of September 2010 there were 964 Oceanside homes for sale, 1% down from last month. This represents an inventory of 4.7 months for detached homes (down from 5.3 months in August) and 5.3 months for attached homes (up from 4.7 months) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In September 249 Oceanside homes came on the market, 2% more than in August. During September the number of homes going pending (153) was 27% less than last month.
More details can be provided with regard to current activity in the Oceanside real estate market and within the specific zip codes if you need it.
READ MORE:
Oceanside Homes for Sale | Oceanside Real Estate Market Report for August 2010
Oceanside Homes for Sale - Oceanside Real Estate Market Report for July 2010
Oceanside Homes for Sale - Oceanside Real Estate Market Report for June 2010
Oceanside Real Estate - Oceanside Real Estate Market Report for May 2010
Oceanside Real Estate - Oceanside Real Estate Market Report for April 2010
Oceanside Real Estate - Oceanside Real Estate Market Report for March 2010
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