What is my Oceanside Home Worth?
Oceanside Real Estate Market for November 2015
The Oceanside real estate market has undergone many shifts and continues to evolve. This market report does not include 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.
READ MORE:
Oceanside California – A Growing and Changing Coastal San Diego Community
In November 2015 there were 184 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 1 more than in October. Here’s the breakdown of overall activity.
TOTAL HOMES SOLD
184 (no change) 38 Days on Market, Ave. Sales Price $417,811 (down 2%), Ave. sale 96% of asking price
Detached Homes Sold
109 (up 11%), 38 Days on Market, Ave. Sales Price $487,183 (up 1%), Ave. sale 97% of asking price
Attached Homes Sold,
75 (down 12%), 39 Days on Market, Ave. Sales Price $316,991 (down 11%), Ave. sale 96% of asking price
In contrast to a number of other North San Diego County communities, sales volume rose slightly in November. But we saw a significant increase in detached home sales but a decline in attached. 25% of the November home sales were cash transactions, compared to 17% last month. Average sale prices also shifted downwards modestly for detached homes but increased slightly for attached homes.
Buyers, on average, negotiated 3 - 4% off asking price but some homes sold for more than the list price. The MEDIAN sales price of detached homes was $471,250 (up 1%), and $288,494 (down 1%) for attached/condos.
At the end of November 2015 there were 345 Oceanside homes for sale, a 2% increase following 3 months of decline. This represents an inventory of only 1.5 months for detached homes (up from 1.4 months last month) and 1.5 months for attached homes (the same as last month) based on the current rate of sales over the last 6 months – the Oceanside market remains very competitive and is a strong seller’s market.
READ MORE:
How Important is Inventory when Buying or Selling? Very!!
In November 205 Oceanside homes came on the market, a decrease by 11% from last month (230). The number of Oceanside homes going pending also decreased fairly significantly, by 27%, from last month, with 156 pendings (excluding homes that actually sold in November).
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.
SEARCH FOR OCEANSIDE HOMES FOR SALE
READ MORE:
What’s My Oceanside Home Worth? Oceanside Market Report October 2015
Comments(12)