Here are the summary statistics from the MLS for Oceanside for the month of December 2006.
Most notable was the drop in inventory from the previous month - 18% fewer homes were on the market in December than in November (this was likely due, in part, to the holidays). The prices in Oceanside are remaining pretty stable currently, although attached homes saw a decline from the prior year of 3%, while detached homes rose 1% from 1 year ago.
Oceanside offers a wide range of homes in a variety of price ranges. You can choose to live in a newer home in a gated community, a recently built home near or on the golf course, or select one of the pricier properties near the beach or even with ocean frontage. There are also a number of 55+ communities. The town remains the least expensive community, on average, along the coast, although San Marcos and Vista, both inland a bit, are similarly priced.
AS OF DEC. 31, 2006 | ATTACHED HOMES | DETACHED HOMES |
Active | 373 | 651 |
Sold in Last 6 Months | 327 | 591 |
Sold/Pending In Last 6 months | 422 | 731 |
Absorption Rate (Solds) | 205 days | 198 days |
Absorption Rate (Solds Plus Pendings) | 159 days | 160 days |
Average Days on Market | 67 | 63 |
Median Price Change From 1 Year Ago | -3% | 1% |
Median Price | $334,333 | $536,667 |
Chg. in MDN from prior month | 0% | 0% |
Average Price | $373,514 | $566,374 |
If I can provide more information, please feel free to ask. If you are a new buyer you will find plenty of helpful information at First Time Buyer Central. And if you are thinking of moving to the area, my articles on Relocation may be of use to you. Good luck!
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I would like to point out, although it may be obvious, that one should be cautious about drawing firm conclusions from summary data. The market can shift each month depending on the inventory that sells, especially at the high and low ends of the market. Trends over the long term will be most informative and reliable.
Don't hesitate to ask at any time if there are questions or you need more information.