Houses Sold In Oceanside California Last Week

DavisCoatalProperties.com The sale of homes in the cities around Lakeshore Gardens effects the prices that buyers can pay here. The banks mishandling of the foreclosure crisis has made many of the sales of homes around us as distressed sales. Short Sales, Foreclosures and Flips accounted for 73% of the homes sold in Oceanside the week of February 13 to 19.

There were 26 homes sold last week in Oceanside. Only 7 were regular sales. 9 were short sales, 9 where REO sales, and one was a flip. The short sales and REO sales sellers do not purchase another house so the cycle stops. This is causing our prices to drop for all homes – stick built and manufactured homes.

About Stephen Davis

We have been actively involved in Real Estate in California since purchasing 55 acres in 1975. We subdivided the land, built a house on one parcel and sold the others. We have subdivided other properties, owned two Real Estate companies, lead monthly seminars in Real Estate Investing, and sold hundreds of homes and mobile homes over the years.
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