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Winter 2012 Market Update
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| Average Home Price | $250,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 25-30% |
| Average Time on Market | 10-30 days |
| Prices As % of Asking Price | More than 100% |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Multiple Offers? | Yes |
| Housing Inventory | Limited Supply |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Other |
| 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. |
| Average Sold Price | $250,000 - View Graph Trend |
Oceanside Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
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