About Oceanside

Oceanside is a coastal resort city located on California's. It is the third-largest city in San Diego County. The city had a population of about 183,095 as of January 2010. Oceanside is located just south of Pendleton Marine Corps Base, the busiest military base in the United States. The city has experienced dramatic growth since 1970, when its population was 45,000. Much of the city's area was developed into single-family home tracts during the 1970s and 1980s. Since the 1990s, increased commercial and industrial development have diversified Oceanside's economic base.

Although the area was first settled by Native Americans, the first European explorers arrived in 1769. The Spanish missionaries under Father Junipero Serra founded Mission San Luis Rey de Francia on a former site of a Luiseño Indian village on the banks of the San Luis Rey River. In the early 19th century, the introduction of farming and grazing changed the landscape of what would become Oceanside. The area - like all of California - was under Spanish, then in 1821 under Mexican rule, and conquered by the U.S. in 1848. In the late 1850s, Andrew Jackson Myers lived in San Joaquin County. A native of LaSalle County, Illinois, he returned in the late 1880s and lived in San Luis Rey. In 1882 Myers moved on the land that was the original town site for Oceanside. A patent for the land was issued in 1883 by the federal government. It was incorporated on July 3, 1888. The city hall as of the early 21st century stands on the former Myers homestead. In the 20th century, Oceanside was a beach town devoted to activities on a 6-mile (9.7 km) stretch of beaches. Residential areas like downtown (built in the 1890s), South Oceanside (built in the 1920s and 1930s), and developments east of Interstate 5 (built after World War II) are preserved and remodeled when these houses are considered to have historical value.

Since the establishment of Marine Corps Base Camp Pendleton in 1942, Oceanside has been home to U.S. armed forces personnel, and the wartime industry of WWII and the 1950s had an ammunition manufacturing facility in the city. After 1970, the main focus of Oceanside was suburban development and a choice for newcomers to move in to then relatively affordable housing.

The Oceanside Pier, first built in 1888 (and now in its sixth incarnation), is the longest wooden pier on the western US coastline at 1,954 feet (596m).

Thank to Wikipedia for this extract.

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Bank Owned Homes in Oceanside

Let us help you purchase a bank owned home and rebate you 25% of our commission (subject to bank approval) on homes selling for $400K or more.  If you are ready to jump and financially qualified we can help steer you through the bank rapids to potentially the home of your dreams at a bargain price and receive $1000's in a rebate.

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Short Sales in Oceanside

We can help you purchase a short sale home.  However, please bear in mind this can become a very complex time consuming process that can takes many months and still lead to disappointment.  In many cases a short sale home must be bought "as is" with minimal if any warranties.  Many normal sale homes are priced aggressively and you may find one that meets your needs at a great price that will be far easier to purchase.  We can rebate 25% of our commission on a normal sale over $400K in value and this will help you cover closing costs.  We are experts in finding the right homes for clients in North County San Diego and can negotiate the very best price for you and help you cover those closing costs

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Current Market Trends in Oceanside

The spreadsheets below track two key metrics to help determine the state of the housing market in for Oceanside zip codes. One metric measure what percentage of homes are "distressed". These are homes where the home owner is having difficulty paying of the loan. In an extreme case the home becomes bank owned and is a bank sale but in many cases a bank will allow for a short sale where the home is sold and only part of the loan is paid off with the proceeds thus falling short of the full loan amount. We have a distressed home expert on our team to help you navigate this complex area if unfortunately you are in this predicament.  As distressed homes are typically sold below market value the higher the percentage of distressed homes in an area the more likely home prices will remain depressed.  A high inventory of homes for sale relative to how many homes are sold is another key factor. The spreadsheet below calculates the distressed home % and then also calculates how many months it will take to sell off the current inventory of homes for sales.  Please refer to the active column for how many homes are for sale in a given month.  High inventory and high % of distressed homes have plagued the USA home market for the last few years but not all areas are the same. Not only do zip codes vary but developments and even streets in an area can buck a negative trend. When we develop an analysis of your home you may wish to sell or purchase we take into account all these factors and more.  Please email us or call us more information.

All statistics quoted below were derived from Sandicor's MLS data and used with their kind permission.  Information on bank and short sales is based on how agents code their MLS information and may not always be 100% accurate.  However, the overall trends indicate should be meaningful.  The information here is owned by our brokerage office is provided to help homeowners and buyers understand their specific local market conditions.  Use by other parties requires our written approval.

ZIP 92054 Market Trend Summary

January saw 50% of homes sold distressed which maintains the continuing depressing numbers here and 50% of the detached homes for sale in early February are also distressed so no obvious respite yet for this area.  On the upside 50% of the home ssold here are normal and priced right they will sell.  Use our fee discount to help price your home right.

ZIP 92056 Market Trend Summary

The good news here is a steady decline in distressed sales from a dreadful 90% in January 2009 and 65% average for that year to an average 44% for 2011.  The last six months were 36% but January 2012 started with a bump up to 50% distressed sales.  Just under 50% of the 78 homes currently for sale are distressed.  Still a tough market here.

ZIP 92057 Market Trend Summary