Oceanside Real Estate Market Report for May 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 May 2010 there were 133 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), 12% more than last month. Here's the breakdown of overall activity.
|
TOTAL |
DETACHED |
ATTACHED |
# Sold
|
193 (up 12%) |
126 (up 26%) |
67 (down 8%) |
Average $
|
$335,867 (up 1%) |
$379,574 (down 3%) |
$253,672 (up 27%) |
Days on Market
|
59 |
50 |
76 |
Sale $/List $
|
98% |
99% |
99% |
Sale volume rose substantially for detached homes but decline for attached. Average sales prices declined modestly for detached homes but showed a dramatic increase for attached properties.
In Oceanside there were 289 homes with a contingent status at the end of May, down 4 from April. This represents 33% of all the homes for sale. Buyers entering the Oceanside real estate market are seeing 1/3 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 May 2010 the Oceanside real estate market had 882 homes for sale, up 7% from April, the 5th month of increased inventory. This represents an inventory of 4.6 months for detached homes (up from 4.4 months last month) and 5.5 months for attached homes (down from 5.6 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 May 279 Oceanside homes came on the market, a 2% increase from April. But during May the number of homes going pending (170) was 22% 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.
READ MORE:
Oceanside Real Estate - Oceanside Real Estate Market Report for April 2010
Oceanside Real Estate - Oceanside Real Estate Market Report for March 2010
Oceanside Real Estate - Oceanside Real Estate Market Report for February 2010
Oceanside Real Estate - Oceanside Real Estate Market Report for January 2010
Oceanside Real Estate - Oceanside Real Estate Market Report for December 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for November 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for October 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for September 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for August 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for July 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for June 2009
Oceanside Real Estate - Oceanside Real Estate Market Report for May 2009
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If I can provide more information about Oceanside real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at or email me at JDowler@remax.net. All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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