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

 

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 May 2019 there were 216 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), an increase from April by 5%, the 4th consecutive increase. Here’s the breakdown of overall activity.

 

Detached Homes Sold
122 (down 1%), 23 Days on Market, Average Sales Price $619,487 (up 4%), Average sale 99% of original asking price

Attached (condos, town homes) Homes Sold
94 (up 15%), 35 Days on Market, Ave. Sales Price $462,550 (up 4%), Average sale 98% of original asking price

 

Sales volume rose in May overall, with 1 less detached sale but significantly more attached home sales. Marketing time decreased for detached homes but went up slightly for attached. 18% of the May home sales were cash transactions, versus 15% in April. Average sale prices increased modestly for both detached single family homes and attached homes.

 

Buyers, on average, negotiated 1 - 2% off the original asking price, however, 45% of the home buyers paid full price or better for their homes. The MEDIAN sales price of detached homes was $595,000 (up 3%), and $390,000 (up 6%) for attached/condos.

 

Oceanside condos

 

There were 22 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), compared to 24 last month. These homes are considered active and are included in the statistics below. Most of these homes are sales with first right of refusals due to offers that are contingent on the buyer selling a property; 5 are short sales and 2 are court approvals.

 

At the end of May 2019 there were 407 Oceanside homes for sale, an increase in inventory by 3% from last month, another increase, and well above the inventory for May 2018 by 14%! This represents a supply of only 1.9 months for detached homes (up from 1.8 months last month) and 2.3 months for attached homes (down from 2.9 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 overall.

 

In May 322 Oceanside homes were listed, an increase of 1% from last month’s new listings. In contrast the number of Oceanside homes going pending declined, by 10%, to 188 pendings (excluding homes that actually closed in May).

 

Jeffries Ranch in Oceanside

 

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, and/or to sell your current Oceanside home!

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

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

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California San Diego County Oceanside
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Rainmaker
1,487,544
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Jeff Dowler, CRS, it's good to see an increase in the listings, more choices for home buyers. Whether buying or selling a home in Oceanside, you are the REALTOR® to call. 

Jun 11, 2019 09:06 AM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Beth Atalay 

Thanks for the kind words. I recently closed on a couple of Oceanside homes and have a listing coming up later this month there. It's competitive but there are some good opportunities!

Jeff

Jun 11, 2019 10:38 AM #2
Rainmaker
1,846,921
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Jeff - it looks like there are good choices in Oceanside.  Buyers and sellers should give you a call now.

Jun 11, 2019 12:54 PM #3
Rainer
359,552
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

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

 

Jun 11, 2019 08:07 PM #4
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Grant Schneider 

There are some good opportunities although buyers have to be prepared to moved quickly.

Jeff

Jun 11, 2019 08:14 PM #5
Rainmaker
2,475,210
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valuable listing and sales data for home buyers and sellers in Oceanside, Jeff!

Jun 13, 2019 09:24 AM #6
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