oceanside: Rancho Del Oro Oceanside House Inventory at Record Low
- 03/21/13 02:35 PM
I was using Google to try and find a home in Rancho Del Oro Oceanside which had an auction sign and came across one of my own blog posts written in 2007 which mentioned the Rancho Del Oro house inventory. Since housing inventory has been the talk of the town in Oceanside and most of San Diego County for the past 6 months, I thought I would give you some numbers showing the record low number of homes currently on the market. In my 2007 blog, I said there were about 77 homes on the market mid 2007 and about 55 … (2 comments)
oceanside: 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)
oceanside: Rancho Del Oro Oceanside sales prices are stable for past 6 months?
- 02/10/09 07:03 PM
An appraiser who was doing a valuation in Oceanside's Rancho Del Oro neighborhood was kind enough to email me a graph she put together of the last 6 months of sales activity Thanks to Lisa Forbes for showing graphically the popularity of this tract in Oceanside. With good schools, convenient location, affordable homes, and a cared-for community, it is popular with first time home buyers, military personnel serving Camp Pendleton, investors, Orange County commuters, and more.
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oceanside: Rancho Del Oro: low inventory, brisk sales
- 01/27/09 04:03 PM
For all the published doom and gloom, Rancho Del Oro in Oceanside, CA continues to be a popular area for buyers due to it's good schools in either the Oceanside or Vista school districts, a convenient location, and an association doing it's job maintaining the grounds to preserve the look of the neighborhoods. As of 1/27/09, there are only 28 Active listings of detached homes in the MLS and 20 homes are in escrow. I consider a normal inventory of Active listings to be about 40-50. Low inventory, low interest rates, and increasing number of sales should help prices stabilize. However, the … (0 comments)
oceanside: Villages of Rancho Del Oro in Oceanside. Map of residences
- 07/24/08 05:32 PM
Here is a map showing the 7 residential villages(plus Sandalwood) comprising the tract home community of Rancho Del Oro in Oceanside, CA. Most are detached homes(about 1600), but there is Alacima which are townhomes, and The Missions at Rancho Del Oro Apartments(www.missionsatranchodeloro.com) also. In addition there is quite a bit of commercial space. Also shown are nearby Starbucks to give you an idea how convenient is the location. If you are interested in finding nice neighborhoods in Oceanside like this, let me know.
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oceanside: Short sale turns to bank owned. Will the bank come out ahead?
- 07/24/08 09:26 AM
I had a buyer offer $360,000 4 months ago for 1706 Calle Platico in Oceanside's Rancho Del Oro neighborhood. We were beat out one month later by an offer at $378,000. Today the bank lists the home as an REO at an asking price of $325,000. Will multiple offers drive the price up to the price they could have gotten during the short sale. Probably not. So the bank loses more money, and the seller had to have a foreclosure instead of a short sale on their credit. Seems like a lose-lose decision which is unfortunately all too common with banks not … (0 comments)
oceanside: Arrowood Oceanside New Home Sales and Foreclosures Dominate Sales
- 06/01/08 08:25 PM
Oceanside's Arrowood community, including KB Homes' Windham and Buckingham tracts, is an area of homes less than 5 years old with new construction still ongoing. Unfortunately, this mix has caused it to have some of the biggest price drops (from the peak) that we have seen in Oceanside. As the inventory of bank owned homes has dwindled, and multiple offer situations has caused many buyers to miss out, the new home builders (KB, Richmond American, Fieldstone, and John Laing) have been very aggressive in both their pricing and the incentives offered which is now translating into decent sales activity. For example, of the … (0 comments)
oceanside: 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)
oceanside: 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)
oceanside: Olga's foreclosure has a happy ending
- 03/31/08 05:00 PM
At least it was a happy ending for the buyer of her home who I met the other day. He paid $404,500 including the 5% buyer's fee at the Real Estate Disposition Corporation's last public auction. The interesting part of the story is one of my first conversations with Olga in March 2005. I told her the value I saw for her home, and she disagreed. At the time, the home had already been on the market 4 months priced $645,000-675,000. I quote Olga: "As realtors, it should be suggested to sellers to market their home accordingly and work with the … (3 comments)
oceanside: Summit View Community in Oceanside, CA. One of my favorites.
- 02/20/08 06:07 PM
I don't know if many Oceanside folks could tell you where the Summit View community is located. It's one of those smaller tracts(only about 100 single family detached homes), but it has a lot of fine qualities that make it one of my favorites. It must be liked by the owners there too, since only about 2 or 3 homes sell each year and property values are holding well for Oceanside. Built by Beazer 1999-2001, the homes have no HOA, no Mello Roos, and property taxes less than 1.1%. Over half the homes have panoramic views and generally pretty good lot sizes … (0 comments)
oceanside: River Ranch Community in Oceanside, CA Market Report for 2/20/08
- 02/20/08 05:44 PM
River Ranch has homes built in 2001-2002 by Fieldstone and KB Homes and is located at the corner of Hwy76 and Old Grove. It represented a reasonable price point for newer homes, without Mello Roos in a gated community with pool, convenient location and good schools in the area. Unfortunately, buyers there seem to have gotten in over their heads and now I recognize it as one of the newer tracts that's had the most price decline. Today, there are 12 homes active, 2 in escrow, and 6 sold in the past 4.5 months according to the Sandicor MLS. 4 of the … (0 comments)
oceanside: River Ranch gated community in Oceanside, CA. KB Homes and Fieldstone
- 02/20/08 05:11 PM
The gated River Ranch community in Oceanside, CA located near Hwy76 and Old Grove involved 2 builders: KB Homes and Fieldstone under the phase names Avondale and Sedona for KB, Somerton and Del Sol for Fieldstone. Construction of these single family detached homes took place around 2001-2002. Avondale: Plan 1 is 1860sf, plan 2 is 2291sf, plan 3 is 2459sfSedona: Plan 1 is 2337sf, plan 2 is 2492sf, plan 3 is 3149(or 3146)sf Somerton: Plan 2254, 2478, and 2650 (floorplans)Del Sol: Plan 2648, 2990, 3352, and 3516 (floorplans)
Community amenities include swimming pool and spa, half basketball court, children's playground, and picnic area. Lots are small, … (0 comments)
oceanside: Villages of Rancho Del Oro in Oceanside, CA. Market Update 2/20/08
- 02/20/08 04:08 PM
Well, it has been 6 months since my last update for Rancho Del Oro(RDO) and a lot has happened since then. The lenders dropping many loan programs in July 2007 caused almost a halt of sales for RDO in the next couple months causing a 10% drop in prices in those 2 months. And sales have remained relatively slow since then. 100% financing is limited to sales prices less than $417,000 and buyers for more expensive homes that actually have a down payment are few and far between. Foreclosures have become the driving market force. Many REO(bank owned homes) are now … (0 comments)
oceanside: San Diego Restaurant Week is great. Too bad for Carlsbad and Oceanside
- 01/20/08 05:45 PM
Since Realtors like nothing more than eating, especially if someone else is paying or it's a good deal, I thought I'd mention San Diego Restaurant Week is happening twice in 2008...that's great news. Now in its fourth year as San Diego County's largest and most successful dining event, San Diego Restaurant Week was launched with the intention of spotlighting the city as a premier dining destination. Wouldn't it be nice if we could spotlight Carlsbad and Oceanside as having fine dining too? Encinitas is right next door and they are able to produce about 7 restaurants to participate, while Carlsbad and … (0 comments)
oceanside: Signs of hope for price stabilization in Oceanside?
- 01/04/08 06:44 PM
The inventory of Active listings in Oceanside's Rancho Del Oro tract home community of about 1700 homes currently sits at about 48 single family detached homes. In August of 2007, that number was about 80 and for Jan-May 2007 it stood at about 55 homes, when sales were brisk with prices steady. This community is considered mid-priced within Oceanside and gives a good indication of the overall health of the market. Many sellers have taken their homes off of the market due to the holiday season. However, if those sellers decide to wait out this market, or have turned their homes into … (1 comments)
oceanside: Auction House 4309 Deer Valley Sales Result in Oceanside's River Ranch
- 11/18/07 09:52 AM
A quick update on the final sales price of the auction home at 4309 Deer Valley Way in Oceanside, California's River Ranch Community: This had a sales price of $463,000 and $10,000 was credited to the buyer with closing date October 29, 2007. So with $453,000 going to the seller and $20,000 in upgrades, and $30,000 for buying and selling costs, the seller probably lost a couple thousand dollars, and they got off easy! Since they paid cash, they only had to cover property taxes, insurance, HOA, and utilities during their time of ownership and they were able to sell it quickly. Had … (0 comments)
Prices have increased in 2013 and 2014 for Oceanside 92056 zip code. Inventory also remains low and homes are selling quickly:
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