Wednesday, March 24, 2010

Oceanside, CA - Real Estate Report For 92054 Neighborhood

San Diego Market Update OCEANSIDE_92054.pdf (799 KB)
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How's The Market in Oceanside, California?
Neighborhood Market Details for 92054, Oceanside California, based on this real time real estate market profile.
"The median list price in OCEANSIDE, CA 92054 this week is $549,900. The 103 properties have been on the market for an average of 157 days.
As far as supply and demand this week. "Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of availble inventory,this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse."
Buyer's or Seller's Market?
"Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction."  This week, the lower priced homes are reaching toward the 20 line, which shows lower priced homes in Oceanside, CA (92054) are trending more toward a Seller's Market, compared to the most expensive homes, where the line is around a 5, on the index.
Real time market data is prepared weekly, so if you want to watch coniditions for a specific zip code or neighborhood in San Diego, just shoot me an email at OLIVER@PRUSD.COM. Questions/ Comments welcome!
Melia & Oliver Indra
Prudential California Realty (San Diego)

Melia: 760 681 9960
Oliver: 760 805 9336

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Posted via email from Oceanside Real Estate