What is my Oceanside Home Worth?
Oceanside Real Estate Market for July 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 July 2015 there were 258 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), down 5% from last month. Here’s the breakdown of overall activity.
|
TOTAL |
DETACHED |
ATTACHED |
# Sold |
258 (down 5%) |
162 (down 12%) |
96 (up 8%) |
Average $ |
$424,051 (down 9%) |
$475,277 (down 10%) |
$337,609 (no change) |
Days on Market |
37 |
33 |
42 |
Sale $/List $ |
97% |
97% |
96% |
Sales volume decreased in July for detached homes but increased for attached. 19% of the July home sales were cash transactions, the same as last month. Average sale prices shifted downwards for detached homes, but did not change for attached. Average days on market remained roughly the same across the board.
Buyers, on average, negotiated 3 - 4% off asking price but some homes sold for more than the list price. The MEDIAN sale price of detached homes was $470,000 (down 6%), and $270,500 (down 2%) for attached/condos.
At the end of July 2015 there were 431 Oceanside homes for sale, a 9% increase following 2 months of decline. This represents an inventory of only 1.8 months for detached homes (down from 1.9 months last month) and 2.4 months for attached homes (the same as for 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.
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How Important is Inventory when Buying or Selling? Very!!
In July 242 Oceanside homes came on the market, a decrease of 8% from June. The number of Oceanside homes going pending also decreased, by 38%, from last month, with 154 pendings (excluding homes that actually sold in July).
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:
What’s My Oceanside Home Worth? Oceanside Market Report June 2015
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