Just this week, a 1919sf home built in 1996 priced at $343,900 in Oceanside's Rancho Del Oro community received 30 offers. The market price of this bank owned home is about $375,000. So the asking price represents a pretty good deal at today's pricing, but otherwise it is an unremarkable home and actually backs up to a fairly busy street.

It's encouraging to know there are that many serious buyers in Rancho Del Oro since it indicates a much healthier market than we have seen the past 6-9 months. And this is not the only home seeing multiple offers, as well priced homes which have come on the market in the past month or two are quite often getting 2 or 3 offers.

Does this mean the bottom has hit for pricing in Oceanside? Only time will tell, but you can be sure when today's pending sales finally close, we will at least see a levelling off of the downward price decline that has been so prevalent since summer 2007.

Buyers may want to take stock since with the current pricing and interest rate levels, it may not get much better than this.