multiple offers: What's happening with housing prices in Oceanside? What can I do as a buyer? - 03/30/09 05:01 PM
Homes in good neighborhoods, priced right and in decent condition are getting multiple offers. Why is that?
The number of homes being sold is definitely higher year over year, and from February to about June is the most activity each year on a seasonal basis, so that accounts for some of the competition among buyers right now. I saw the same thing last year at this time...properties with 10, 15, or 20 offers.   The statistics will still show that home prices are decreasing. What is misleading is they are decreasing because the volume of sales are happening now in the … (0 comments)

multiple offers: 30 offers on a Rancho Del Oro home. Has the bottom hit? - 04/11/08 10:57 AM
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 … (2 comments)

multiple offers: Rancho Del Oro and many parts of Oceanside showing signs of recovery - 03/31/08 05:16 PM
Many parts of Oceanside have seen prices almost freefall since last summer. Fortunately, due to recent buyer activity, that decline has a chance to slow down and maybe even level off.
With 53 homes actively for sale in Rancho Del Oro, and 14 in Pending status, it indicates a theoretical 4 month inventory. For the latter half of 2007, that was typically 6-9 months.
Another indicator is the number of multiple offers that are occurring, particularily in the sub-$500,000 price range. While a number of the offers are still considered low-balls, it appears there is enough competition that sellers can start to … (0 comments)