What is My Oceanside Home Worth? Oceanside Home Sales for January 2019

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

What's the Value of My Oceanside Home?

Oceanside Real Estate Market Report for January 2019

 

Oceanside beachesThe 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 January 2019 there were 124 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), a decrease from December by 16%, another decline. Here’s the breakdown of overall activity.

 

Detached Homes Sold
76 (down 18%), 38 Days on Market, Ave. Sales Price $567,052 (up 1%), Ave. sale 97% of asking price

Attached (condos, town homes) Homes Sold
48 (down 11%), 47 Days on Market, Ave. Sales Price $389,140 (down 3%), Ave. sale 96% of asking price

 

Sales volume declined in January overall, with a drop in both detached single family home sales and attached home sales. Marketing time increased for both detached and attached homes but only modestly. 16% of the January home sales were cash transactions, compared to 15% in December. Average sale prices dropped modestly for attached homes but rose slightly for detached single family home sales.

 

Buyers, on average, negotiated 3 - 4% off asking price, however, 26% of the home buyers paid full price or better for their homes, similar to last month. The MEDIAN sales price of detached homes was $552,500 (up 1%), and $342,500 (down 1%) for attached/condos.

 

There were 14 homes with a CONTINGENT status (often these are properties waiting for approval by short sale or REO lenders, but some homes with this status are sales with a first right of refusal due to contingent offers), 4% of the total inventory, compared to 10 last month. These homes are considered active and are included in the statistics below. Some of these homes are contingent sales with first right of refusals.

 

Oceanside condos

 

At the end of January 2019 there were 356 Oceanside homes for sale, almost the same as last month (357), but well above the inventory for January 2018! This represents a supply of only 2.2 months for detached homes (up from 1.9 months last month) and 2.7 months for attached homes (up from 2.3 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 January 248 Oceanside homes came on the market, a very substantial increase by 77% from last month. The number of Oceanside homes going pending also increased significantly, by 44%, to 153 pendings (excluding homes that actually sold in January).

 

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 personal housing needs and budget, and develop a strategy to get you into a new Oceanside home in 2019, or to sell your current home!

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

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

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Rainmaker
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Steve Higgins
RE/MAX Kelowna - Kelowna, BC

Hi Jeff,

Good post on what is going on in your market. Looks like markets are slowing down in a lot of area's. We are slow too.

Feb 15, 2019 05:49 PM #1
Rainmaker
994,204
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good evening 

Thank you for sharing your information Jeff Dowler, CRS 

Have a great night.

February 15, 2019. 

Feb 15, 2019 06:22 PM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks for stopping by, Steve Higgins 

The market is shifting here, but I would not say we are slow.  And when you ook at reports from other Rainers there are certainly some changes happening!

Jeff

Feb 15, 2019 08:27 PM #4
Rainer
336,773
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Feb 16, 2019 11:49 PM #5
Rainmaker
4,796,309
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Jeff.  Thanks for keeping us informed about the real estate market in Oceanside.

Feb 17, 2019 05:50 AM #6
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