What is my Oceanside Home Worth?
Oceanside Real Estate Market for October 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.
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Oceanside California – A Growing and Changing Coastal San Diego Community
In October 2015 there were 183 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), down 14% from last month. Here’s the breakdown of overall activity.
TOTAL HOMES SOLD
183 (down 14%), 36 Days on Market, Ave. Sales Price $426,206 (down 4%), Ave. sale 97% of asking price
Detached Homes Sold
98 (down 25%), 31 Days on Market, Ave. Sales Price $480,525 (down 6%), Ave. sale 97% of asking price
Attached Homes Sold,
85 (up 5%), 42 Days on Market, Ave. Sales Price $354,357 (up 5%), Ave. sale 97% of asking price
Sales volume decreased in October across the board, especially for detached homes, the second decline in sales. 17% of the October home sales were cash transactions, compared to 16% last month. Average sale prices also shifted downwards for detached homes but increased modestly for attached homes.
Buyers, on average, negotiated 3% 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 October 2015 there were 339 Oceanside homes for sale, a 13% decrease, the 3rd consecutive decline. This represents an inventory of only 1.4 months for detached homes (down from 1.5 months last month) and 1.5 months for attached homes (down from 1.8 months 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 October 230 Oceanside homes came on the market, a slight decrease from last month (236). In contrast, the number of Oceanside homes going pending increased fairly significantly, by 18%, from last month, with 213 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.
SEARCH FOR OCEANSIDE HOMES FOR SALE
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What’s My Oceanside Home Worth? Oceanside Market Report September 2015
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