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

By
Real Estate Agent with eXp Realty of California CA DRE #01490977
https://activerain.com/droplet/4VTn

What's the Value of my Oceanside Home?

 

Oceanside beachThe Oceanside real estate market continues to shift. 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, and not 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 so informed decisions about Oceanside homes for sale can be made.

 

READ MORE:

 Oceanside California – A Growing and Changing Coastal San Diego Community

 

In August 2016 there were 241 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), up 16% from July. Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

241 (up 16%), 25 Days on Market, Ave. Sales Price $480,089 (no change), Ave. sale 97% of asking price

Detached Homes Sold
157 (up 11%), 23 Days on Market, Ave. Sales Price $539,828 (down 1%), Ave. sale 97% of asking price

Attached Homes Sold,
84 (up 25%), 28 Days on Market, Ave. Sales Price $368,433 (up 8%), Ave. sale 97% of asking price

 

Oceanside home

 

Sales volume increased fairly substantially in August overall, especially for attached home sales, and marketing time decreased. 19% of the August home sales were cash transactions, compared to 20% last month. Average sale prices shifted down slightly for detached homes but went up for attached properties.

 

Buyers, on average, negotiated 3% off asking price but 44% of the homes sold for list price or better. The MEDIAN sales price of detached homes was $525,000 (down 1%), and $315,000 (up 5%) for attached/condos.

 

There were 22 homes with a CONTINGENT status (properties waiting for approval by short sale or REO lenders), 6% of the total inventory, compared to 23 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.

 

At the end of August 2016 there were 351 Oceanside homes for sale, a 2% decrease from July, following 2 months of inventory increases. This represents an inventory of only 1.5 months for detached homes (down from 1.6 months last month) and 1.5 months for attached homes (down from 1.7 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.

 

READ MORE:   

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

 

In August 272 Oceanside homes came on the market, 5% fewer than in July. The number of Oceanside homes going pending also decreased by 3% to 218 pendings (excluding homes that actually sold in August).

 

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 July 2016

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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Jeff Dowler is the person to call to find out what your home is worth, call him now!

 

Sep 14, 2016 01:00 AM #1
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Jeff Dowler 

I really like Oceanside CA. This is a fine community and may be more affordable as compared to some of the other areas in Southern California. Great report on your part.

Sep 14, 2016 01:40 AM #2
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeff - looks like some relatively good values in Oceanside--a very desirable community.  Days on the market means buyers need to get in touch with you so that they don't miss out.

Sep 14, 2016 03:00 AM #3
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 That is another profound market report that not only shows the differences in our markets but also shows what we have in common Jeff Dowler 

Sep 14, 2016 06:25 AM #4
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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hi Will Hamm  Thank you for the kind words. I love selling homes in Oceanside!

Thanks Noah Seidenberg It's definitely more affordable than Carlsbad, and other coastal communities!

Jeff

Sep 14, 2016 01:05 PM #5
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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

It's pretty competitive Grant Schneider  Buyers need to be ready to move quickly.

So true Paul S. Henderson, REALTOR®, Broker, Tacoma Washington Thank you for stopping by!

Jeff

Sep 14, 2016 01:06 PM #6
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What's my Carlsbad CA Area Home Worth??
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