What is My Oceanside Home Worth? Oceanside Real Estate December 2016

By
Real Estate Agent with Solutions Real Estate CalBRE License #01490977
https://activerain.com/droplet/4YHq

What's the Value of My Oceanside Home?

 

Oceanside beachesThe 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 December 2016 there were 176 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), down 3% from November, a pattern we have seen in other North San Diego County communities. Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

176 (down 3%), 36 Days on Market, Ave. Sales Price $470,891 (up 5%), Ave. sale 95% of asking price

 

Detached Homes Sold

107 (up 2%), 39 Days on Market, Ave. Sales Price $530,960 (up 1%), Ave. sale 97% of asking price

 

Attached Homes Sold,

69 (down 10%), 30 Days on Market, Ave. Sales Price $377,742 (up 12%), Ave. sale 93% of asking price

 

 Oceanfront home in Oceanside

 

Sales volume decreased in December overall across the board, but with more detached home sales and fewer attached sales. 24% of the December home sales were cash transactions, compared to 19% last month. Average sale prices increased slightly for detached homes but more significantly for attached homes.

 

Buyers, on average, negotiated 3 - 7% off asking price but 28% of the homes sold for list price or better. The MEDIAN sales price of detached homes was $502,000 (down 2% from last month), and $329,000 (up 6%) for attached/condos.

 

There were 17homes with a CONTINGENT status (properties waiting for approval by short sale or REO lenders), 9% of the total inventory, compared to 16 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 December 2016 there were 198 Oceanside homes for sale, a 20% decrease from November, and the 5th consecutive decline. This represents an inventory of less than 1 month for detached homes (down from 1.1 months last month) and less than 1 month for attached homes (down from 1.1 months last month) based on the current rate of sales over the last 6 months – the Oceanside market remains very competitive and is a very strong seller’s market.

 

READ MORE:    

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

 

In December 111 Oceanside homes came on the market, 38% fewer than in November. The number of Oceanside homes going pending also decreased, by 31% to 121 pendings (excluding homes that actually sold in December).

 

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 November 2016

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Rainmaker
2,740,058
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great title for seo and I am sure you will get a ton of clicks!

Jan 09, 2017 08:01 AM #1
Rainmaker
2,631,290
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff, I want to know what my home is worth is what all people should be thinking and they should be calling you now.

Jan 09, 2017 08:05 AM #2
Rainmaker
886,232
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler - I hope many buyers look at this information you have provided because now is a great time to purchase a home in Oceanside. You know this market and can guide clients to make the right decisions.  

Jan 09, 2017 08:06 AM #3
Rainmaker
1,746,452
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

"What is My Oceanside Home Worth?" - Jeff Dowler, you had my heart with that photograph. Not many people are blessed with so many beautiful sunrises and sunsets. The ocean is a magical mystery with aquatic life, boats, sights, and sounds. But most of all, it's the serenity that I would value if I had an oceanview home. 

Jan 09, 2017 08:55 AM #4
Rainmaker
1,385,340
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Jeff Dowler, just from the name of the neighborhood "Oceanside", I knew the picture on your post would be breathtaking. It's usual to see lower sales in December, I'm certain that won't be the case in the coming months. Those looking to buy or sell in Oceanside would be wise to contact you.

Jan 09, 2017 09:02 AM #5
Rainmaker
138,211
Kelly Turbeville
Keller Williams - Lake Forest, CA
Turning Real Estate Dreams into Reality

Always informative.. I have a potential buyer for oceanside.  Jeff Dowler  If you have a lovely single level in a great area under $600k, Min 3 bed put upgraded to wow... contact me :)

Jan 09, 2017 09:59 AM #6
Rainmaker
2,014,841
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

How about the median price for homes in Oceanside that have an ocean view or are located directly on the ocean? I imagine many out of area buyers would want to hear stats on what it costs to buy a home on the water. I know I would. :)

Jan 09, 2017 01:31 PM #7
Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Great report, Jeff. This is packed full of information on Oceanside real estate including sales information. 

Jan 09, 2017 02:13 PM #8
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Thanks Kristin Johnston - REALTOR®  - we'll see what happens. In any case it's important information for consumers

Will Hamm  - No doubt there are plenty who ARE interested, even if they are not planning to sell in the near future

Jeff

Jan 10, 2017 02:50 PM #9
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

I have sold a bunch of properties there Sheri Sperry - MCNE®  and it's right next to Carlsbad so I am very familiar with it. Thanks for the compliment!

Thanks so much Patricia Feager  - that was taken at the Oceanside marina! There are a number of complexes surrounding the marina that have terrific views!

Jeff

Jan 10, 2017 02:52 PM #10
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Thanks Beth Atalay  - yes that is definitely the normal trend. There are some pretty good opporunities even though the inventory is low.

Hi Kelly Turbeville  - Thanks!! Nice to chat yesterday. Will let you know about any listings in Oceanside I have coming up if they might work for your buyers!

Jeff

Jan 10, 2017 02:57 PM #11
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Good question Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents There were very few oceanview homes (both detached - 1; and attaached - 4) sold and no ocean front. The detached home with some view sold at $825K. The median for the condos/townhomes was about $651K. Not bad compared to other areas further south.

TIme for a post about oceanfront properties!!

Jeff

Jan 10, 2017 03:04 PM #12
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