Buyer Activity for July-October in East Oceanside, CA. Predicting the future...
By Tony Cannon, Real Estate - Oceanside Carlsbad
(Bressi Realty Carlsbad)
Buyer Activity Anaylsis for East OceansideWith lender guidelines now more restrictive, a jump in interest rates on jumbo loans(over $417,000), and distressed sale properties(short sales and bank-owned) more plentiful, buyer activity on non-distressed sale homes has been slow in East Oceanside since the start of July 2007. To see if there is a seasonal effect that may or may not determine sales in the next two months, I looked at what has happened with single family tract home sales between July and October for the past 4 years in East Oceanside, California. I have eliminated any homes in senior communities or those built after 2004 to be reduce some potential data skewing.Here is a graphical representation of those numbers:Notes for the above graph:-data taken from Sandicor MLS and is b...
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