Oceanside Real Estate Market Report for December 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 December 2010 there were 176 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.
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TOTAL
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DETACHED
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ATTACHED
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# Sold
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167 (up 13%)
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110 (up 20%)
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57 (up 2%)
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Average $
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$333,088 (up 11%)
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$353,088 (down 7%)
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$294,526 (up 38%)
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Days on Market
|
84
|
82
|
89
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Sale $/List $
|
97%
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98%
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96%
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Sales volume rose in general, and significantly so for detached homes. Somewhat in contrast, average sales prices were significantly up for attached homes but declined for detached.
In Oceanside there were 200 homes with a contingent status at the end of December, about 11% less than in November. Buyers entering the Oceanside real estate market are seeing almost 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 December 2010 there were 863 Oceanside homes for sale, just 1% less than last month, the 4th month of decline in inventory, although not a significant one. This represents an inventory of only 4.7 months for detached homes (down from 6.1 months in November) and only 4.8 months for attached homes (down from 5.9 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 December 193 Oceanside homes came on the market, 7% less than in November. During December the number of homes going pending (134) was 8% 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 November 2010
Oceanside Homes for Sale | Oceanside Real Estate Market Report for October 2010
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
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1 Comments on Oceanside Homes for Sale - Oceanside Real Estate Market Report for December 2010
Hi Jeff,
Seems like encouraging stats to me. I like the format you used for presenting the information.
Lisa