Oceanside real estate housing market
The Oceanside real estate housing market, one of the largest residential real estate markets in San Diego County, which has consistently improved over the last year. A June 29, 2010 article from the Voice of San Diego stated that, “All three of the Case-Shiller home price tiers for San Diego rose moderately in the month of April. The low tier was back on top with a 1.0 percent rise, compared to .5 percent increase for the middle tier and a .3 percent rise for the high tier. These numbers followed a very unusual March in which the previously stagnant high tier registered a huge increase and the formerly robust low tier actually declined. April's price movements were a lot more in line with what we've seen during the price bounce that's prevailed since last spring. Just a reminder: the price tier cutoffs are determined by separating all home sales during the measurement period into thirds. The low tier consists of the cheapest one-third of homes sold, the middle tier the middle one-third, and the high tier the most expensive one-third of homes sold. This is a fairly rough method of separating out different types of homes, especially in San Diego where homes priced substantially over the $468,000 high tier cutoff are quite common. So while the high tier can give an idea of what's happening in that over-$468,000 chunk, there could potentially be considerable variation within that chunk.”
In fact, Oceanside and San Diego County homes for sale are the only city in the entire United States to post a full twelve months of positive price increases. According to a June 29, 2010 article from the San Diego Union Tribune, “San Diego is the only metro area in the nation with 12 months of consecutive home price increases, according to the latest Standard & Poor’s/Case-Shiller Home Price Index released Tuesday. San Diego housing prices rose 11.7 percent in April compared to a year ago. That’s the second fastest rate of annual increase behind only San Francisco, which saw home prices rise 18 percent, said the widely watched index of housing prices. On a monthly basis, prices in San Diego increased 0.7 percent from March to April. Prices in the 20 metro areas that the index tracks increased 0.8 percent from March to April, and were up 3.8 percent compared to a year ago.”
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