What's my Oceanside Home Worth?
Oceanside Real Estate Market for February 2015?
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 housing market. Having data from a knowledgeable REALTOR about local market conditions benefits you as a buyer or seller for making informed decisions about Oceanside homes for sale.
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Oceanside California – A Growing and Changing Coastal San Diego Community
In February 2015 there were 144 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), an increase of 16% from last month. Here’s the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold |
144 (up 16%) |
93 (up 31%) |
51 (down 4%) |
|
Average $ |
$418,951 (down 2%) |
$474,438 (down 1%) |
$317,768 (down 12%) |
|
Days on Market |
57 |
56 |
57 |
|
Sale $/List $ |
96% |
97% |
94% |
Sales volume increased substantially in February for detached homes but dropped modestly for attached. 27% of the February home sales were cash transactions, compared to 30% last month. Average sale prices shifted down slightly for detached homes, and more significantly for attached.
Buyers, on average, negotiated 3 - 6% off asking price but some homes sold for more than the list price. The MEDIAN sale price of detached homes was $465,000 (up 1%), and $273,500 (down 1%) for attached/condos.
At the end of February 2015 there were 395 Oceanside homes for sale, the same as last month. This represents an inventory of only 2.3 months for detached homes (up from 2.2 last month) and 2.6 months for attached homes (up from 2.5 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.
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How Important is Inventory when Buying or Selling? Very!!
In February 215 Oceanside homes came on the market, a decrease by 9% from January. The number of Oceanside homes going pending, however, increased, by 8%, from last month, with 176 pendings (excluding homes that actually sold in February).
I’m happy 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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Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in January 2015?
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