Oceanside Homes for Sale - What Happened in the Oceanside Real Estate Market Report in October 2013?

Oceanside Homes for Sale - What Happened in the Oceanside Real Estate Market Report in October 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 October 2013 there were 204 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), up by 17% from last month. Here’s the breakdown of overall activity.

Overall sales volume rose fairly substantially across the board in October following 2 months of decline. 31% of the October home sales were cash transactions (about the same as last month), and only 12% were short sales (down from September). In contrast average sale prices declined overall.

Buyers, on average, negotiated 1% off asking price but some homes sold for below asking while others sold for more than the list price (up to 21%). The MEDIAN sale price of detached homes was $430,000 (up 3%), and $227,250 (down 9%) for attached/condos.

At the end of October 2013 there were 412 Oceanside homes for sale, a decrease by 9%, and the 2^nd month of inventory decline following 3 months of increases. This represents an inventory of 1.9 months for detached homes (down from 2 months in September) and 2.2 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.

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How Important is Inventory when Buying or Selling? Very!!

In October 225 Oceanside homes came on the market, up 1% from last month. During October the number of Oceanside homes going pending declined slightly, by 2%, from last month, with 161 pendings (excluding homes that actually sold in October).

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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READ MORE:

Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in September 2013?

Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in August 2013?

Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in July 2013?