What is my Oceanside Home Worth? Oceanside Market for September 2016

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

What's the Value of my Oceanside Home?

 

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.

 

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 September 2016 there were 211 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), down 12% from August. Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

211 (down 12%), 30 Days on Market, Ave. Sales Price $495,563 (up 3%), Ave. sale 96% of asking price

Detached Homes Sold
142 (down 10%), 28 Days on Market, Ave. Sales Price $532,428 (down 1%), Ave. sale 96% of asking price

Attached Homes Sold,
69 (down 18%), 34 Days on Market, Ave. Sales Price $419,697 (up 14%), Ave. sale 96% of asking price

 

Oceanside condos

 

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

 

Buyers, on average, negotiated 4% off asking price but 35% of the homes sold for list price or better. The MEDIAN sales price of detached homes was $498,000 (down 5%), and $330,000 (up 5%) for attached/condos.

 

There were 22 homes with a CONTINGENT status (properties waiting for approval by short sale or REO lenders), 9% of the total inventory, compared to 20 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 September 2016 there were 318 Oceanside homes for sale, a 9% decrease from August, and the 2nd decline following 2 months of inventory increases. This represents an inventory of only 1.3 months for detached homes (down from 1.5 months last month) and 1.4 months for attached homes (down from 1.5months 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 September 226 Oceanside homes came on the market, 17% fewer than in August. The number of Oceanside homes going pending also decreased, but only slightly, by 2% to 214 pendings (excluding homes that actually sold in September).

 

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 August 2016

 

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Rainmaker
2,138,433
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Oh how I would love to own an oceanside home!  Great market report!

Oct 17, 2016 05:07 AM #1
Rainmaker
2,534,301
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Jeff, excellent market update for oceanside real estate. This provides buyers and sellers good information on oceanside property.

Oct 17, 2016 05:12 AM #2
Rainmaker
1,808,342
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Good news for Oceanside sellers in this market, Jeff...no wonder it is a striking place to live and you are the 'man' to see for all real estate guidance.

Oct 17, 2016 06:50 AM #3
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

If I were ever to own a home in another state I would want it to be there.  It's always on the must visit places when we go to see the inlaws.  I love the shopping, and the weather there.

Oct 17, 2016 08:00 AM #4
Rainmaker
1,347,891
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Oceanside buyers and sellers are lucky to have you to break down the numbers for them!

Oct 17, 2016 08:51 AM #5
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Well you can buy one if you want Sharon Tara  - perhaps a second home? LOL

Thank you Rebecca Gaujot, the Go To Realtor®  - it's a pretty big community and there is a lot of variation by location and price range, and buyers need to understand how this impacts them

Jeff

Oct 17, 2016 02:02 PM #6
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Ginny Gorman  - thank you for the kind words. There are some really nice residential areas, and some wonderful beach front opportunities!

Tammy Lankford,  - I hear the same from other people who live here, want to live here, or who visit

Wayne and Jean Marie Zuhl  - thanks for the compliment

Jeff

Oct 17, 2016 02:04 PM #7
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Jeff. This is great information for both buyers and sellers in your area. Overall your market sounds very good. 

Oct 18, 2016 10:12 AM #8
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Jeff Dowler, CRS

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What's my Carlsbad CA Area Home Worth??
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