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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 2009 there were 201 homes sold in Oceanside's 4 zip codes (92054, 92056, 92057, 92058), as compared to 219 in September (a decrease of 8%). Here's the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
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# Sold
|
201 (down 8%) |
136 (no change) |
65 (down 23%) |
|
Average $
|
$291,254 (down 1%) |
*$339,247 (down 4%) |
** $191,880 (down 4%) |
|
Days on Market
|
60 |
63 |
55 |
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Sale $/List $
|
100% |
100% (77-118%) |
101% (85-122%) |
* One home was reported as selling for $208 when in fact it sold for $280K. This average has been corrected to make the adjustment for the error in reporting on the MLS.
** One home was reported as selling for $206 when it actually sold for $206,000. This average has been corrected to make the adjustment for the error in reporting on the MLS
In Oceanside there were 295 homes with a contingent status at the end of October, 4% fewer than at the end of September. This represents 63% of all the homes for sale. Buyers entering the Oceanside real estate market are seeing almost 2/3s 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). These contingent homes are included in the overall Active stats below.
At the end of October 2009 the Oceanside real estate market had 763 homes for sale, up 6% from September. This represents an inventory of 3.1 months for detached homes (down from 3.1 month in September) and 4 months for attached homes (up slightly from September) based on the current rate of sales over the last 6 months.
In October 164 homes came on the market, 59% fewer than last month. During October 177 homes went pending, 25% less than last month.
More details can be provided with regard to current activity in the Oceanside real estate market as well as within the specific zip codes or subdivisions.
READ MORE:
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
Oceanside Real Estate - Oceanside Real Estate Market Report for March and April 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 (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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Here's a deal, unlike any I've experienced in my 15 years of service, that brought tears to my eyes and warmed my soul. The following story is true, and it happened on Veteran's Day!
On October 12th of this year, my old Coast Guard buddy, and long time friend, said good-bye to this world after a long battle with a rare intestinal cancer. Before he passed, he asked me to do two things for him: One, to stand up and speak for him at his memorial. The other was to handle the sale of his home for the family.
On the day of Larry's memorial, I honored his memory by speaking to the 100 or so, family and friends gathered at the Carlsbad Church Larry attended. I spoke about our 30-year friendship, how we went our separate ways, and how we came back together 15 years later. I also spoke about his home, where he proudly hosted family and friends for frequent weekend BBQ's, and the story of how it almost didn't come to be.
When he was ready to buy a home, he asked for my help. Being a life long surfer, he wanted, no needed, to be closer to the Coast. Specifically, Oceanside, CA. It didn't take long before we found, what was to be, his final resting place on Seafarer Drive. We weren't three steps into the property before he turned to me and said, "let's make an offer!" So we did and got it accepted.
Two weeks before we were scheduled to close, the sellers said they wanted to cancel the deal, that they had changed their minds. Their own Realtor couldn't talk them out of it, and Larry began to loose faith that the home he had fallen in love with, wouldn't be his.
There was no way I would allow this without a battle. I told Larry not to give up hope, and with the listing agent's approval, I went directly to the sellers, and effectively "convinced them" that this was no longer their home. We closed escrow on time, and Larry was home.
A couple of weeks after Larry passed away, his family approached me to consult them regarding the sale, at which point I designed an action plan to prepare the home. We were just finishing some of the final touches in preparation, when the sign went up. I remember seeing the tears in Larry's mother eyes when she first saw it.
It was Tuesday, the day before Veteran's Day and I had just finished editing the photos for the listing, when I got a call from an agent. She said that her clients had seen the sign, that their parents lived down the street, and they had been looking for quite some time. I told her it would be in the MLS that night, when she asked if they could see it right away. "The lock-box is on the front door, go right ahead", I replied.
Later that evening, she called and told me that they would have an offer to me the very next morning, Veteran's Day. The offer came in above full price with a touching, heart-felt letter from the buyers. It read, that he had heard that the seller was a verteran and that he too was a veteran. He and his wife fell in love with the home, even before they walked in. They had been looking for just such a home near their parents for quite some time and were always out-bid. He went on to say, that it would be a dream come true to have their offer accepted on Veterans Day. There were even more factors that made this offer special. You see, my friend Larry and I were in the Coast Guard together, the buyer is a veteran, the buyer's agent is the widow of a veteran, and they are using a VA loan for an offer that was submitted on Veteran's Day!
The offer was tearfully accepted that same day, and we are scheduled to close on or before December 11th.
I feel a strong sense of faith that Larry and a De vine Power were working together to affect this extraordinary outcome.

RIP Larry Howard (10/27/58 - 10/12/09)
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Hello and Welcome to Oceanside California Free Foreclosure Auction Search, Bank Owned REO, Short Sales, and Homes for Sale.

November 10th, 2009
Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding. Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone? We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them.
Here are some of the latest statistics from Foreclosure Radar hot off the press for September 2009. If you are unfamiliar with some of the following terms please read below for further explanations.
Understanding the overall process is the key, and here is how the process goes as an overview:
Pre-Foreclosure (Also known as Notice of Default). Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage. Under the new California Foreclosure moratorium lenders have an extra 90 days in which they are supposed to aggresively pursue loan modifications with those current home owners who qualify. The current lender files with the County Recorders office a Notice of Default. When this is filed, this information becomes a matter of public record. When this notice is filed the lender usually gives the homeowner 90 days to come current on the amount they are past due. During this period a good amount of homeowners lately have been trying to obtain new financing terms by doing a Loan Modification with their current lender or a Short Sale with a Realtor if they know they aren't going to be able to keep up the payments due to hardship. Both of these options often times delay the foreclosure process as the bank looks to work with the current owner to see if one of these options may be a fit. To learn more about Pre-Foreclosures in Oceanside and actually search all Pre-Foreclosures in Oceanside for free click the yellow map.
Foreclosure Sale (Also known as Notice of Trustee Sale). The Foreclosure sale usally occurs and is scheduled roughly 90 days after the Notice of Default is issues. Although, these days this process is delayed most of the time. Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located. In this area, most auctions take place in Downtown, San Diego. Properties are sold as is, without any warranties or guarantees, and they must be paid for on the spot with a certified cashiers check. Many times the buyer of that foreclosure property has to end up evicting the current homeowner or tenant and this sometimes can be a process. However, even though its a riskier process, the reward can be great. To learn more about Foreclosure Sales In Oceanside and Search upcoming properties scheduled for Foreclosure click the yellow map below.
Bank Owned (REO). Bank owned properties are the properties that have gone through the two steps above and didn't sell at the Foreclosure Sale. In this case, the current lender has to take them back if there are no acceptable bids. This can also be a great option for an investor because in a lot of cases, the lender does not want to own these properties. These can be great deals for an investor, you can also research these properties in greater detail than Foreclosure Auctions, and most all of the time you can use financing and obtain a home warranty with these. To learn more about Bank Owned REO listings in Oceanside and search all available inventory click the yellow map below.
Re-Sale Properties. Many people think Re Sale properties are not a great deal with all the Foreclosure properties out there. This is actually not true in many cases. Re Sales have to be priced aggresively and in line with Foreclosures if they want to have a chance of selling in todays market. In a lot of cases a buyer or investor can buy a re sale that has been taken good care of, that doesn't have much fix up to perform, and is very close in price to that of a Foreclosure that might require a lot of work. Sometimes people think that because they are buying a Foreclosure at 20% below market value that its always a steal, however sometimes there is 20% worth of rehabilitation to get the property back to standards that actually makes it the same deal as a re-sale. This makes Re Sales a great option as well. To learn more about Re Sale Homes for Sale in Oceanside and search available inventory click the yellow map below.
We have built a fully integrated Real Estate Website that will allow you to search every aspect of what we have discussed above. To search Pre-Foreclosure, Foreclosure Auction, Bank Owned REO, and New and ReSale Homes in Oceanside click here.
We also attend the Foreclosure Auctions for San Diego on a weekly basis and track virtually every Foreclosure property in San Diego County and would be happy to talk with you about your needs further.
We Look forward to hearing from you!
The latest data and sales statistics were provided by Foreclosure Radar.
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Dia de los Muertos, or Day of the Dead, is an interesting topic, no doubt, and rather a famous holiday for many, especially in Mexico where it is an ancient tradition (and I will get to celebrate and check out the festivities in person - yikes) to celebrate the lives of deceased loved ones - altars, music, favorite foods of the deceased, visits to the cemeter with flowers, and celebration are the hallmarks of this long tradition.

Dia de los Muertos is celebrated on November 1 and 2 and beyond, depending on where the festivities take place. November 1 is the Catholic holiday of All Saint's Day; November 2 is All Soul's Day.

There is a huge Dia de los Muertos celebration at the Mission San Luis Rey tomorrow, Sunday November 1, from 10 - 4. There will be numerous altars created, a parade, lots of music and food, dancers, and a chalk cemetery where folks (of Mexican heritage, or not) can participate and remember a loved one.
For more information, visit the San Luis Rey website.
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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 (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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