30 offers on a Rancho Del Oro home. Has the bottom hit?
By Tony Cannon, Real Estate - Oceanside Carlsbad
(Bressi Realty Carlsbad)
Just this week, a 1919sf home built in 1996 priced at $343,900 in Oceanside's Rancho Del Oro community received 30 offers. The market price of this bank owned home is about $375,000. So the asking price represents a pretty good deal at today's pricing, but otherwise it is an unremarkable home and actually backs up to a fairly busy street. It's encouraging to know there are that many serious buyers in Rancho Del Oro since it indicates a much healthier market than we have seen the past 6-9 months. And this is not the only home seeing multiple offers, as well priced homes which have come on the market in the past month or two are quite often getting 2 or 3 offers.Does this mean the bottom has hit for pricing in Oceanside? Only time will tell, but you can be sure when today's pending sales ...
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