What Happened in the Oceanside Real Estate Market in December 2011?

The Oceanside real estate market has undergone many shifts and continues to evolve. This market report does not include any private sales nor manufactured, mobile or multifamily 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 in making informed decisions.

READ MORE: Oceanside California – A Growing and Changing Coastal San Diego Community

In December 2011 there were 175 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 4% fewer than last month, but likely not a surprise given the time of year. Here’s the breakdown of overall activity.

	TOTAL	DETACHED	ATTACHED
# Sold	175 (down 4%)	115 (down 7%)	60 (no change)
Average $	$294,914 (no change)	$354,702 (up 4%)	$178,404 (down 11%)
Days on Market	86	85	89
Sale $/List $	97%	97%	97%

Sales volume dropped modestly from November sales for detached single family home but remained the same for attached homes. Overall average prices did not change, but by category rose for detached but declined for attached homes. The average marketing time remained about the same, as did the average level of negotiation, off 3% from asking price across the board.

At the end of December 2011 there were 731 Oceanside homes for sale, a decrease of 11% over last month, the 4^th month of inventory decline, a pattern we have seen in other communities. This represents an inventory of 4.2 months for detached homes (down from 4.5 months in November) and 4 months for attached homes (down from 4.8 months in November) based on the current rate of sales over the last 6 months. Thus the Oceanside real estate market had gotten even tighter for buyers.

READ MORE: How Important is Inventory when Buying or Selling? Very!!

In December 156 Oceanside homes came on the market, down about 15% from November which may lead to a further tightening in the Oceanside real estate market in January. During December the number of homes going pending (156) remained about the same as last month (up by 1).

I would be pleased to provide more details about the Oceanside real estate market and within specific zip codes, areas or price ranges to help you make an informed decision about your home purchase or sale.

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READ MORE:

Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in November 2011?

Oceanside Homes for Sale | Oceanside Real Estate Market Report for October 2011

Oceanside Homes for Sale | Oceanside Real Estate Market Report for September 2011

Oceanside Homes for Sale | Oceanside Real Estate Market Report for August 2011

Oceanside Homes for Sale | Oceanside Real Estate Market Report for July 2011

Oceanside Homes for Sale | Oceanside Real Estate Market Report for June 2011