| Market Commentary Provided by Chris Montano |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL
Chris Montano
Real Estate Traditions Oceanside, California 951-699-5664 Oceanside@agents.househunt.com Agent Home Page |
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| Nearest Metro Area | |||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | 10-30 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Limited Supply | ||||
| Average Home Price | $250,000 - View Graph Trend | ||||
| Best Selling Price Range | |||||
| Worst Selling Price Range | |||||
| Compared to Last Year | Down 25-30% | ||||
| Prices As % of Asking Price | More than 100% | ||||
| Multiple Offers? | Yes | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Oceanside is | |||||
| Seller Activity for the past 90 days in Oceanside is | |||||
| Is Financing Available For Qualified Buyers in Oceanside? | |||||
| Existing Home Prices for the past 90 days are | |||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | |||||
| Housing Hot Spots | Oceanside is the last affordable beach town in Southern California. This market is currently dominated by Bank Owned and Short Sale properties though we are seeing multiple offers on most properties as they come available. The prices have come down but there is much anticipation of the tremendous profit to be had when the market rebounds! With interest rates as low as they are, this may be the last opportunity to live this close to the beach for the average buyer. | ||||
| Reason to Buy/Sell | Other | ||||
| Average Sold Price | $250,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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