What is My Oceanside Home Worth? Market Report for August 2020

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What's the Value of My Oceanside Home?

Oceanside Home Sales for August 2020

 

Oceanside beach in Oceanside - home search linkThe Oceanside real estate market continues to evolve during the pandemic. 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 will benefit you as a buyer or seller and help you make informed buying or selling decisions about Oceanside homes for sale.

 

READ MORE:

 Oceanside California – A Growing and Changing Coastal San Diego Community

 

In August 2020 there were 251 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), a 17% increase in sales from July. Here’s the breakdown of overall activity.

 

Detached Homes Sold
146 (up 10%), 25 Days on Market, Average Sales Price $725,366 (up by 8%), Average sales price was 100% of original asking price

Attached (condos, town homes) Homes Sold

105 (up 28%), 35 Days on Market, Ave. Sales Price $572,381 (up by 15%), Average sales price was 99% of original asking price

 

Overall sales volume rose August overall, and for both detached and attached home sales. Average marketing time was slightly shorter for detached homes but slightly longer (by 2 days) for attached. 19% of the August home sales were cash transactions, versus 13% last month. The average sales price rose modestly for detached homes and more significantly for attached homes. Sales prices ranged from $224,450 to $3,850,000.

 

Buyers, on average, negotiated 1% off the original asking price, however, over half of the home buyers (57%) paid full price or more for their homes, a reflection of the continuing competition. The MEDIAN sales price of detached homes was 1% higher than last month at $652,500; in contrast the median for attached homes was 8% lower than last month at $410,000.

 

Oceanside condos

 

There were 20 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 17 last month. These homes are considered active and are included in the statistics below. 15 of these homes are sales with first right of refusals, 1 is a court approval, and 4 are short sales.

 

At the end of August there were 198 Oceanside homes for sale (ranging in price from $229,900 to $2,375,000), a 13% decrease in inventory from last month, and the 4th consecutive decline!

 

This represents a supply of less than 1 month for detached homes (the same as in July) and 1.2 months for attached homes (down from 1.6 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 given buyer demand and supply, in particular for detached homes, becoming even more competitive in August.

 

In August 237 Oceanside homes were listed, down 13% from last month but still averaging 8 new listings per day during the pandemic, and good news for buyers. The number of Oceanside homes going pending also decreased, from 246 to 226 (excluding homes that actually closed in August), down by 8%, but still a busy month for both buyers and sellers.

 

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. I invite you to give me a call at (760) 840-1360 to discuss your personal housing needs and budget, so we can develop a strategy to get you into a new Oceanside home, and/or sell your current Oceanside home!

 

Be aware there are specific recommendations in place, and procedures, due to the pandemic to protect buyers and sellers that impact showings and sales in our area. I’m happy to answer any questions you have about what this means for buying and selling during the pandemic, and what you can expect as a buyer and/or seller.

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

What’s My Oceanside Home Worth? Oceanside Market Report for July 2020

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Show All Comments
Rainmaker
2,817,458
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Oceanside home buyers and sellers are sure to value your real estate market report, Jeff!

Sep 07, 2020 07:02 PM #1
Rainmaker
3,442,030
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff good to see you Laboring on Labor Day :)) hope you had fun with your family, Endre

Sep 07, 2020 10:07 PM #2
Rainmaker
3,286,583
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Jeff.

From what you provided to us today, now is a great time to sell your home in Oceanside.

Sep 08, 2020 12:49 AM #3
Rainmaker
2,248,222
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeff Dowler, CRS - I can see that you are busy with a very active market that could use more inventory.

Sep 08, 2020 07:11 AM #6
Rainmaker
4,438,635
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, great market update for Oceanside, and valuable information for potential buyers! 

Sep 08, 2020 07:17 AM #7
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks Myrl Jeffcoat 

We had a wonderful weekend Endre Barath, Jr. 

It's a great market for sellers, and with some good opportunities for buyers James Dray 

Thank you for the kind words Joan Cox 

Jeff

Sep 08, 2020 08:14 AM #8
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Jeff Dowler, CRS

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