What's the Value of My Oceanside Home?
Oceanside Home Sales for November 2020
The Oceanside real estate market has continued to shift 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 benefits you as a buyer or seller and will help you make informed decisions about buying or selling Oceanside homes for sale.
READ MORE:
Oceanside California – A Growing and Changing Coastal San Diego Community
In November 2020 there were 211 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 10% fewer sales than in October, a trend seen in other communities. Here’s the breakdown of overall activity.
Single Family Homes Sold
141 (down by 4); Average Sales Price $668,612 (down 2%); Average sales price was 101% of original asking price
Condos, Townhomes & Duplexes Sold
70 (down 22%); 28 Average Days on market; Average Sales Price $485,640 (up 2%); Average sales price was 99% of original asking price
Overall sales volume dropped for November dropped fairly substantially, with fewer single family home sales and condo, townhome and duplex sales than last month. The average sales price dropped for single family homes but was higher for condos, townhomes, and duplexes. Sales prices ranged from $230,000 to $1,350,000.
Buyers, on average, negotiated 1% off the original asking price, however, well over half of the home buyers (69%) paid full price or more for their homes, a reflection of the continued competition. The MEDIAN sales price of detached homes was 1% higher than last month at $655,000; in contrast the median for attached homes was 3% lower than last month at $425,000.
There were 16 homes with an Active Under Contract status, compared to 20 last month. These homes are considered active and are included in the statistics below.
At the end of November there were 137 Oceanside homes for sale (ranging in price from $240,000 to $2,890,000), a substantial 31% decrease in inventory from last month, and the 7th consecutive decline!
This represents a supply of only 15 days for single family homes (down from 18 days last month) and 23 days for condos, townhomes and duplexes (down from 27 days 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 single family homes, and became even more competitive in November.
In November 154 Oceanside homes were listed, 30% fewer than last month but still some good news for buyers with 5 new listings per day. The number of Oceanside homes going pending also decreased, from 205 to 172 (excluding homes that actually closed in November), but still a relatively active 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!
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READ MORE:
What’s My Oceanside Home Worth? Oceanside Market Report for October 2020
