What's My Oceanside Home Worth? Oceanside Home Sales December 2017

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Real Estate Agent with Solutions Real Estate CalBRE License #01490977

What's the Value of My Oceanside Home?

Oceanside Real Estate Market Report for December 2017

 

Oceanside BeachThe Oceanside real estate market 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.

 

Having data from a knowledgeable REALTOR about local market conditions benefits you as a buyer or seller so you can make informed buying or selling decisions about Oceanside homes for sale.

 

READ MORE:

 Oceanside California – A Growing and Changing Coastal San Diego Community

 

In December 2017 there were 178 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), up 24% from November, a contrast from some other coastal communities. Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

178 (up 24%), 29 Days on Market, Ave. Sales Price $507,544 (down 1%), Ave. sale 98% of asking price

Detached Homes Sold
104 (up 27%), 28 Days on Market, Ave. Sales Price $569,389 (down 10%), Ave. sale 98% of asking price

Attached Homes Sold
74 (up 19%), 30 Days on Market, Ave. Sales Price $420,627(up 18%), Ave. sale 98% of asking price

 

Sales volume increased significantly in December overall, for both detached and attached home sales. We saw a slight decrease in days on market for both detached and attached homes. 20% of the December home sales were cash transactions, compared to 15% last month. Average sale prices decreased for detached homes but increased for attached single family homes.

 

Buyers, on average, negotiated 2% off asking price, however, 38% of the homes sold for list price or better. The MEDIAN sales price of detached homes was $535,000 (down 7%), and $369,950 (up 9%) for attached/condos.

 

Condos in Oceanside

 

There were 10 homes with a CONTINGENT status (typically these are properties waiting for approval by short sale or REO lenders), 5% of the total inventory, compared to 22 last month. These homes are considered active and are included in the statistics below. Some homes with this status may still allow showings or back-up offers. Homes in contingent status can sometimes remain on the market for a number of months awaiting lender approval.

 

At the end of December 2017 there were 215 Oceanside homes for sale, a substantial 29% decrease from November, perhaps not a surprise for the time of year. This represents an inventory of 1 month for detached homes (down from 1.2 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 3 months – the Oceanside market continues to be very competitive and remains a very strong seller’s market.

 

In December 132 Oceanside homes came on the market, 27% fewer than last month. The number of Oceanside homes going pending also decreased, by 28%, to 114 pendings (excluding homes that actually sold in December).

 

I’m happy to provide more details about the Oceanside real estate market and within specific zip codes, neighborhoods, or price ranges to help you make an informed decision about your home purchase or sale. Why not give me a call at (760) 840-1360 so we can discuss your particular housing needs and budget, and develop a strategy to get you into a new Oceanside home in 2017, or to sell your current home!

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

What’s My Oceanside Home Worth? Oceanside Market Report November 2017

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2018 Market Reports
Tags:
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jeff dowler crs
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Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Jeff Dowler anyone who is thinking of selling, would be wise to call you for guidance.... you and I already know this....and now everyone with an Oceanside home knows it.

Jan 13, 2018 03:24 AM #1
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Jeff. What is my Oceanside home worth? Call Jeff Dowler and find out for sure! Enjoy your day!

Jan 13, 2018 04:22 AM #2
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I remember many years ago driving through Oceanside on the way to San Diego. I like it then. Have a wonderful weekend.

Jan 13, 2018 05:10 PM #3
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff I was surprised that the prices dipped when the days on market got shorter, I would think the opposite would occur, loved your illustration photos, Endre

Jan 13, 2018 08:30 PM #4
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Jeff Dowler, CRS

The Southern California Relocation Dude - Carlsbad
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