Oceanside Homes for Sale - What Happened in the Oceanside Real Estate Market Report in August 2013?
The Oceanside real estate market has undergone many shifts and continues to evolve. This market report does not include any private sales nor manufactured, mobile or multifamily housing; the numbers are derived from the MLS and are believed to be accurate at the time this report was written, but are not guaranteed.
Media reports speak in general terms, so information does not represent the reality of the local Oceanside real estate market. Having data from a knowledgeable REALTOR about local market conditions benefits you as a buyer or seller in making informed decisions about Oceanside homes for sale.
READ MORE: Oceanside California – A Growing and Changing Coastal San Diego Community
In August 2013 there were 199 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), down by 9% from last month. Here’s the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold |
199 (down 9%) |
137 (down 10%) |
62 (up 2%) |
|
Average $ |
$392,086 (down 4%) |
$435,982 (down 7%) |
$295,091 (up 12%) |
|
Days on Market |
32 |
29 |
39 |
|
Sale $/List $ |
98% |
98% |
99% (88-125%) |
Overall sales volume dropped in August – detached home sales declined but 1 more attached home sold over last month. 29% of the August home sales were cash transactions. Average sale prices also declined for detached homes, but increased for attached. Buyers, on average, negotiated 1 – 2% off asking price but some homes sold for below asking (by as much as 12%) but others for as much as 25% above the list price. The MEDIAN sale price of detached homes was $430,000 (up 1%), and $229,450 (up 10%) for attached/condos. Average price/SF was $248/SF for detached homes, and $234/Sf for attached.
At the end of August 2013 there were 453 Oceanside homes for sale, an increase by 9%, the 3rd consecutive increase in inventory and good news for buyers. This represents an inventory of 2.1 months for detached homes (up from 1.9 months in July) and 2.3 months for attached homes (down from 2.4 months last month) based on the current rate of sales over the last 6 months – the Oceanside market remains competitive and a strong seller’s market.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In August 24 Oceanside homes came on the market, just 2 fewer than last month (down 1%). During August the number of Oceanside homes going pending dropped by 14% from last month, with 151 pendings (excluding homes that actually sold in August).
I would be pleased to provide more details about the Oceanside real estate market and within specific zip codes, areas or price ranges to help you make an informed decision about your home purchase or sale.
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READ MORE:
Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in July 2013?
Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in June 2013?
Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in May 2013?
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