Oceanside real estate market

Seal of San Diego County, California
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The Oceanside real estate market, a coastal portion of the San Diego County housing market, showed signs of strength although it is still clearly in transition. According to a June 4, 2010 article from the San Diego Union Tribune, “It pays to rent – not buy – for most people in San Diego County, says Trulia.com. In the first survey comparing buying vs. renting, the San Francisco-based website ranks San Diego the eighth-highest market that favors renting instead of owning out of 50 cities surveyed.” The piece, written by Roger Showley, continued to say that “Trulia derived the ratios by dividing the average home price by 12 months of the average rent for a two-bedroom unit. In San Diego the average home price was listed as $396,409 and the average rent for a two-bedroom rental was $1,670. That works out to an own-to-rent ratio of 19.8 for San Diego.”

The average price of an Oceanside home for sale increased along with the rest of San Diego County, according to a May 25, 2010 article from San Diego 6. The piece noted that “San Diego has logged 11 consecutive months of increasing home prices, while much of the nation’s housing market continues to decline. The Standard & Poor’s/Case-Shiller Home Price Indices for San Diego rose 1.5 percent from February to March and was up 10.8 percent year-over-year.” The article continued to state that “Nationally, the S&P index of 20 major cities fell 3.2 percent in the first quarter of 2010, but was 2 percent higher from the same period last year. The index was down .5 percent from February to March.”

An analysis from the President of the San Diego Association of Realtors suggested that the regional market, including the Oceanside housing market, rallied considerably in the first quarter of 2010. According to a June 1, 2010 Press Release, “After a challenging year in 2009, the real estate market in San Diego County has seen much improvement in this first quarter of 2010. Within the first three months, the median price has improved month over month for both condos and single-family houses, and the year-to-date median price for all properties is significantly higher than it was in 2009.”

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