Oceanside CA Home Prices

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April 22, 2010

Here’s the most important part of this report for this week.

“The median list price in OCEANSIDE,
CA this week is $360,000. The 572
properties have been on the market
for an average of 110 days.”

Inventories (number of homes that are listed for sale) are rising.  With more homes coming into the market place, there will be pressure on home prices to fall.  Remember that greater supply will result in lower prices.  So, if you’re thinking of selling your home, now might be the best price you’ll be able to see as a return for quite some time.

If you are considering buying, then over 500 homes are for sale in Oceanside right now.  Contact us to see if one of these houses can be the home you’ve been waiting for.

Wondering whether to rent or buy a home?

It’s an age old question. Is it better to RENT, or better to BUY? Let’s do some very simple analysis, and in later posts we’ll learn more about why buying a home makes sense much of the time, while renting a house is likewise a good move from time to time. Check out the chart below…….

Rent verus Buy a Home?

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If you’re currently renting, and your rent is $1500 a month, then you can look at the chart and see that if you paid $1610 a month for a mortgage payment you could qualify for a $300,000 loan at 5% interest (the current rate). Used to be in San Diego that $300,000 wouldn’t buy you much, but that has changed!!

Consider the other opportunities that come with owning a home, and the least you should do is take some time to contact us about seeing if this really makes sense for you.

Showing properties 1 - 15 of 500+. See more city of San Diego real estate.
(all data current as of 2/6/2012)

1. $13,478,000 : 3675 Ocean Front Walk, San Diego
   
   8 beds, 8 full, 1 part baths

   Home size: 5,900 sq ft

   Lot size: 4,320 sq ft

   Year built: 2008

   Parking spots: 7

   Days on market: 152
2. $12,500,000 : 1865 SEFTON Pl, San Diego
   
   5 beds, 5 full, 1 part baths

   Home size: 6,769 sq ft

   Year built: 1912

   Days on market: 173
3. $12,000,000 : 8259 Run Of The Knolls, San Diego
   
   12 beds, 13 full, 2 part baths

   Home size: 28,957 sq ft

   Lot size: 3.25 ac

   Year built: 2012

   Days on market: 70
4. $10,500,000 : 4592 Rancho Del Mar Trl Lot 28, San Diego
   
   7 beds, 8 full, 1 part baths

   Home size: 11,998 sq ft

   Lot size: 43,560 sq ft

   Year built: 2006

   Days on market: 259
5. $8,500,000 : 5090 RANCHO DEL MAR TRAIL-Lot 11, San Diego
   
   6 beds, 6 full, 2 part baths

   Home size: 11,144 sq ft

   Year built: 2004

   Days on market: 269
6. $6,595,000 : 4740 Rancho Del Mar Trail Lot 2, San Diego
   
   7 beds, 8 full, 1 part baths

   Home size: 11,207 sq ft

   Year built: 2003

   Parking spots: 12

   Days on market: 202
7. $5,585,000 : 4761 Rancho Del Mar Trail, San Diego
   
   5 beds, 6 full, 2 part baths

   Home size: 10,336 sq ft

   Year built: 2004

   Days on market: 185
8. $5,500,000 : 100 Harbor Dr 3803, San Diego
   
   3 beds, 3 full, 2 part baths

   Home size: 4,170 sq ft

   Year built: 1992

   Parking spots: 5

   Days on market: 47
9. $4,995,000 : 7852 Corte De Luz, San Diego
   
   5 beds, 6 full, 1 part baths

   Home size: 7,419 sq ft

   Year built: 2009

   Parking spots: 14

   Days on market: 153
10. $4,550,000 : 2500 Sixth Ave 1106, San Diego
    
    3 beds, 3 full, 1 part baths

    Home size: 5,853 sq ft

    Year built: 2006

    Parking spots: 6

    Days on market: 230
11. $4,500,000 : 4934 Del Mar Mesa Rd, San Diego
    
    6 beds, 7 full, 1 part baths

    Home size: 8,854 sq ft

    Lot size: 4.21 ac

    Year built: 2004

    Days on market: 13
12. $4,495,000 : 4915 Rancho Verde Trail, San Diego
    
    5 beds, 5 full, 2 part baths

    Home size: 8,529 sq ft

    Year built: 2005

    Parking spots: 6

    Days on market: 7
13. $4,495,000 : 815 Armada Ter, San Diego
    
    6 beds, 6 full, 1 part baths

    Home size: 8,316 sq ft

    Lot size: 17,898 sq ft

    Year built: 1934

    Parking spots: 8

    Days on market: 313
14. $4,445,000 : 7905 Entrada De Luz 115 E, San Diego
    
    5 beds, 7 full, 2 part baths

    Home size: 9,000 sq ft

    Lot size: 3.25 ac

    Year built: 2012

    Days on market: 19
15. $4,375,000 : 8242 Run Of The Knolls, San Diego
    
    5 beds, 4 full, 1 part baths

    Home size: 7,659 sq ft

    Year built: 2010

    Days on market: 1

Listing information deemed reliable but not guaranteed. Read full disclaimer.

This is an older post, but I like it because it’s playful and still informative. Sandi Hadley and myself (Don Reedy) work together in the North County San Diego housing market to list homes and help buyers purchase homes. We’re always available to talk, and that’s what this innovative post is about. Let’s talk…….760-802-9713.<!–blockquote>

San Diego Housing Report

Real Estate Market Information

April 15, 2010

More people can now afford to buy a home at mortgage rates that remain lower than a year ago. Inventory of homes for sale were reduced, and partially because of that home sale prices increased, while home sale volumes decreased.

This is perhaps the best time to buy a home in San Diego in the past twenty years. If you are buying a home to live in, and want information on how your current rents would compare with the costs and benefits of owning a home, then please contact me for a review of how you can buy the house you always wanted.

Solving the Real Estate Puzzle

San Diego, CA – April 7, 2010

Today we’re going to look at the effect of the Bond Market on Mortgage interest rates.  What you pay for the cost of money to buy your home actually impacts you more than the asking price of the home.

This week’s economic calendar may seem slow after the wave of economic news last week. But there are still some big items on tap, starting off right away Monday morning when the Pending Home Sales report gives us a look at the health of the housing industry.

Tuesday brings us the Meeting Minutes from the latest Fed Meeting. Although we already know what the Fed’s policy announcement was, the markets will be looking at the discussion contained in the Meeting Minutes as an indication of what Fed members are thinking and what they may do in the future.

On Thursday we’ll get another look at Initial Jobless Claims. Last week, Initial Jobless Claims were reported basically in line with expectations and down from the previous week’s number, and Continuing Jobless Claims declined as well. With those numbers and last week’s official Jobs Report in mind, the market will be watching to see if the labor market can continue to make positive strides.

Finally, in addition to those reports, the Treasury Department will auction off $82 Billion in Treasuries. And since most of those will be longer maturities that compete with Mortgage Backed Securities, the auctions could add volatility to the markets depending on how they are received.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. As you can see in the chart below, Mortgage Bond prices plunged last week and rates increased .25%.

Mortgage Rates and Bonds

You see, then, that when investors can put money into bonds and get a better yield, they begin to stop wanting to take on the increased risk of loaning money to people to buy a home.  Home loans, as we all know, are riskier for banks and investors, and the way they overcome that risk is by raising rates.  If they get a higher return, they are willing to take the higher risk.

With the bond market increasingly showing signs of following the improving economy, it is likely that this will put pressure on the banks to RAISE interest rates for home buyers.

Advice:  If you’re in the market to buy, then now is absolutely the right time to begin to take advantage of the historically low interest rates.  And if you’re a homeowner thinking to sell, please call me to talk about how selling now probably is the best decision you can make.