What is My Oceanside Home Worth? Oceanside Home Sales for March 2018

By
Real Estate Agent with Solutions Real Estate CalBRE License #01490977
http://activerain.com/droplet/5bHR

What's the Value of My Oceanside Home?

Oceanside Real Estate Market Report for March 2018

 

Oceanside beachThe Oceanside real estate market continues to evolve. This market report does not include private sales or manufactured, mobile or multifamily housing; the numbers are taken from the MLS and are believed to be accurate at the time this report was written, but are not guaranteed.

 

Having data from a knowledgeable REALTOR about local market conditions benefits you as a buyer or seller so you can make informed buying or selling decisions about Oceanside homes for sale.

 

READ MORE:

 Oceanside California – A Growing and Changing Coastal San Diego Community

 

In March 2018 there were 218 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), up a substantial 69% from February following 2 months of decline. Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

218 (up 69%), 26 Days on Market, Ave. Sales Price $518,420 (down 2%), Ave. sale 98% of asking price

Detached Homes Sold
127 (up 55%), 20 Days on Market, Ave. Sales Price $588,904 (up 1%), Ave. sale 99% of asking price

Attached Homes Sold
91 (up 94%), 35 Days on Market, Ave. Sales Price $420,051 (down 1%), Ave. sale 97% of asking price

 

Sales volume increased significantly in March for both detached and attached home sales. We saw a decrease in days on market for both as well. 22% of the March home sales were cash transactions, versus 26% last month. Average sale prices increased slightly for detached homes but dropped a little for attached homes.

 

Buyers, on average, negotiated 1 - 3% off asking price, however, almost half (48%) of the homes sold for list price or better. The MEDIAN sales price of detached homes was $569,000 (up 5%), and $365,000 (up 1%) for attached/condos.

 

There were 17 homes with a CONTINGENT status (typically these are properties waiting for approval by short sale or REO lenders), 6% of the total inventory, compared to 15 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. Homes in contingent status can sometimes remain on the market for a number of months awaiting lender approval.

 

Condos in Oceanside

 

At the end of March 2018 there were 305 Oceanside homes for sale, a 36% increase from February. This represents an inventory of 1.7 months for detached homes (up from 1.2 months from last month) and 2.1 months for attached homes (up from 1.8 months last month) based on the current rate of sales over the last 3 months – the Oceanside market remains a very strong seller’s market.

 

In March 283 Oceanside homes came on the market, 34% more than last month - that's 9 homes per day! The number of Oceanside homes going pending, however, decreased, by 6%, to 195 pendings (excluding homes that actually sold in March).

 

I’m happy to provide more details about the Oceanside real estate market and within specific zip codes, neighborhoods, or price ranges to help you make an informed decision about your home purchase or sale.

 

Why not give me a call at (760) 840-1360 so we can discuss your particular housing needs and budget, and develop a strategy to get you into a new Oceanside home in 2018, or to sell your current home!

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

What’s My Oceanside Home Worth? Oceanside Market Report February 2018

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California San Diego County Oceanside
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Tags:
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Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Apr 08, 2018 01:24 PM #1
Rainmaker
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Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Jeff Dowler, CRS - It looks like there was a nice uptick in sales in March following a slower January and February.  That is great news for your sellers!

Apr 08, 2018 08:22 PM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Gita Bantwal  Thank you for your kind words.

Sheri Sperry - MCNE®  - it was definitely a busy month, as we also saw in other communities. Spring is here!!

Jeff

Apr 09, 2018 08:19 AM #3
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