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What is my Oceanside Home Worth? Oceanside Real Estate for March 2016

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What's the Value of my Oceanside Home?

 

Oceanside beachThe 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 March 2015 there were 223 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), up 65% from February. Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

223 (up 65%), 34 Days on Market, Ave. Sales Price $465,387 (up 8%), Ave. sale 98% of asking price

Detached Homes Sold
141 (up 64%), 32 Days on Market, Ave. Sales Price $525,159 (up 11%), Ave. sale 98% of asking price

Attached Homes Sold,
82 (up 67%), 37 Days on Market, Ave. Sales Price $362,608 (up 1%), Ave. sale 99% of asking price

 

Oceanfront home in Oceanside

 

Sales volume increased dramatically in March across the board. 22% of the March home sales were cash transactions, compared to 19% last month. Average sale prices shifted up as well, fairy significantly for detached homes but only slightly for attached properties.

 

Buyers, on average, negotiated 1 - 2% off asking price but 44% of the homes sold for list price or better. The MEDIAN sales price of detached homes was $480,000 (up 3%), and $306,950 (up 1%) for attached/condos.

 

At the end of March 2015 there were 301 Oceanside homes for sale, a 7% increase from February. This represents an inventory of only 1.7 months for detached homes (up from 1.5 last month) and 1.6 months for attached homes (down from 1.7 month 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 March 284 Oceanside homes came on the market, an increase by 9% from last month. The number of Oceanside homes going pending also increased fairly significantly, by 9%, from last month, with 251 pendings (excluding homes that actually sold in March).

 

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 February 2016

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (8)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Jeff Dowler CRS  You are the agent to call when looking to find out what your Oceanside home is worth

Apr 12, 2016 10:58 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

If you need to buy or sell property in Oceanside California, contact Jeff Dowler CRS.

Apr 12, 2016 11:45 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the kind words, Hannah Williams 

I do a fair amount of business there - I have a listing coming on shortly

Jeff

Apr 12, 2016 02:17 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Sybil Campbell 

Thanks for stopping by. I appreciate the kind words and support! I am here to help!

Jeff

 

Apr 12, 2016 02:18 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff did I read that right 65% increase? that is like two and three years ago in Century City and Bel Air in my part of the world... Endre

Apr 12, 2016 04:51 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

This is a very informative post Jeff and shows you have a really hot market, all the more reason to call you first real estate in Oceanside CA.

Apr 12, 2016 11:23 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Endre Barath, Jr. 

Indeed you did. It was a huge jump in sales. I'm looking forward to the Oceanside listing I have coming up shortly! It's a great opportunity for my clients

Jeff

Apr 13, 2016 12:49 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks for stopping by and for the kind words Debbie Reynolds 

It's been interesting watching the spring market and how active it has gotten, and it was doing pretty well before!

Jeff

Apr 13, 2016 12:50 AM