Oceanside Real Estate Market Report for October 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 October 2010 there were 186 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), 4% more than last month, another increase. Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold
|
186 (up 4%) |
102 (up 2%) |
84 (up 14%) |
|
Average $
|
$288,282 (no change) |
$334,199 (down 2%) |
$232,526 (up 8%) |
|
Days on Market
|
57 |
53 |
63 |
|
Sale $/List $
|
97% |
98% |
96% |
Sale volume rose modestly overall while overall average sales prices did not shift (prices for detached homes declined slightly but rose for attached homes).
In Oceanside there were 232 homes with a contingent status at the end of October, about the same as in September. 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 October 2010 there were 898 Oceanside homes for sale, 7% less than last month, another decline in inventory. This represents an inventory of 4.5 months for detached homes (down from 4.7 months in September) and 4.7 months for attached homes (down from 5.3 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 October 207 Oceanside homes came on the market, 17% less than in September. During October the number of homes going pending (146) was 5% 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 September 2010
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
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