Oceanside Homes for Sale | Oceanside Real Estate Market Report for October 2010

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

Oceanside Real Estate Market Report for October 2010

Oceanside Pier 

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 October 2010 there were 186 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. 

 

TOTAL

DETACHED

ATTACHED

# Sold

186 (up 4%)

102 (up 2%)

84 (up 14%)

Average $

$288,282 (no change)

$334,199 (down 2%)

$232,526 (up 8%)

Days on Market

57

53

63

Sale $/List $

97%

98%

96%

 

Sale volume rose modestly overall while overall average sales prices did not shift (prices for detached homes declined slightly but rose for attached homes). 

In Oceanside there were 232 homes with a contingent status at the end of October, about the same as in September. Buyers entering the Oceanside real estate market are seeing 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 October 2010 there were 898 Oceanside homes for sale, 7% less than last month, another decline in inventory. This represents an inventory of 4.5 months for detached homes (down from 4.7 months in September) and 4.7 months for attached homes (down from 5.3 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 October 207 Oceanside homes came on the market, 17% less than in September. During October the number of homes going pending (146) was 5% 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 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  

Oceanside Real Estate - Oceanside Real Estate Market Report for May 2010  

Oceanside Real Estate - Oceanside Real Estate Market Report for April 2010

Comments (11)

June Stark
Elite Realty-Luxury Homes & Condos On & Off the Strip - Las Vegas, NV
Las Vegas Condos & Luxury Homes Expert

Jeff - Looks like the market is pretty goo.  DOM seems very good.  Gotta love the Oceanside weather - all year round!

Nov 09, 2010 03:06 PM
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Jeff, it is particularly encouraging to see the sales up and inventory being a bit less ( may be seasonal ) that could eventually be realized in the form of slight increases in value. This market has been hit so hard with foreclosures and it needs time to recover but even little gains point in the right direction.

Nov 09, 2010 03:11 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Jeff,

Sounds like your inventory is decreasing some what, we're see about the same thing here too.

Nov 09, 2010 03:12 PM
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Jeff... I am hearing this same news in several markets...  I am hoping that the New Jersey market catches up some..  some good info here and good to see homes selling..

Jeff Belonger

Nov 09, 2010 03:40 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

It appears that the market is holding strong, particularly for this time of the year.

Nov 09, 2010 09:21 PM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

It sounds like the Oceanside market is holding it's own and maybe seeing some signs of stabilization?

Nov 09, 2010 11:48 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Jeff, a good sign for the real estate market  .. it is holding and hope it continues through the winter.

Nov 10, 2010 12:47 AM
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Jeff,

I so appreciate your comments separating media reports versus market reports.  Many consumers would have a "change of heart" if they looked at the numbers more closely.

Steve

Nov 10, 2010 01:16 AM
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Jeff, those days on the market numbers look really good!  So do the numbers sold.  Good news. 

Nov 10, 2010 02:07 AM
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Jeff, it's good to see your market doing so well in Oceanside.  Interesting your sale/list % is about what we see here in the Triangle too.  Here's to a strong 4th quarter finish for all of us!!

Nov 10, 2010 02:22 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Jeff ~  Appears Oceanside may be on the upswing just a touch!?!  Hope it continues to improve.  Such an informative post.

Nov 10, 2010 11:06 AM