Oceanside, California house market report for December 2011.

Oceanside, at an average price of $332,000 for a detached house, is one of the more affordable areas in North San Diego County. Residents love it here because of its great coastal location. Therefore, the number of sales has been high.

The totals for detached houses in Oceanside in December, 2011, show 131 homes sold and 693 homes available. That gives us only 117 days of inventory, a little less than four months supply. Usually, 5 to 6 months of inventory is considered a balanced market. Therefore Oceanside houses are actually in a sellers market. Unfortunately for sellers, sales prices have not followed suit with a low inventory. The average sale price rose only 1/10 of 1% and the median sales price was down 6% year-over-year 2011.

Sales in Oceanside were up 12% over December, 2010 and the inventory is up almost 30% over December, 2010, giving Oceanside homebuyers a good selection of homes to choose from.

Of the 693 houses and condos currently available in Oceanside, only 40 of them are bank owned or REO houses. This is down significantly from previous years.

Oceanside is located in the northwest corner of San Diego County just south of Orange County area this makes it an ideal bedroom community along the coast for San Diego, Orange County and Riverside County. Many people commute from Oceanside to each of these three areas.

If you're buying a home and Oceanside, and you need a knowledgeable Oceanside Realtor to work with, please contact me, Dennis Smith, Oceanside Realtor.

You can view all of the San Diego County houses and condos for sale via my website at http://SanDiegoHomes4u.com