Thursday, May 20, 2010

Oceanside, CA Property Values are Increasing

In the city of Oceanside, CA...
When comparing the most recent 6 month period with the same period 1 year ago, the median single family detached residence sale price has increased 6.9% and the median $/Sqft of properties has increased 7.2%. Demand and supply are in balance with 3.6 months of current housing inventory and over the past 6 months the median marketing time has been 19 days and the average marketing time has been 50 days.

Foreclosure Activity Remains High and Future Declines are Possible
In the Oceanside, CA Zip Code of 92056 and over the month from 04/01/2010 to 05/01/2010 there were 94 sales, of which 21 were bank sales which is 22.3%. In 92056 there are currently 157 bank owned properties which suggests that there are 7.5 months of bank owned inventory. In addition to standing inventory, there are also 228 properties that are in the foreclosure process and 195 additional properties with mortgages that are 60+ days late but not in foreclosure.

Brian Ward Appraisal‎
711 Mission Ave #B,
Oceanside, CA 92054
(760) 920-6927
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