What's the Value of My Oceanside Home?
Oceanside Home Sales Market Report for September 2017
The Oceanside real estate market continues to evolve. This market report does not include private sales nor manufactured, mobile or multifamily housing; the numbers are derived 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.
In September 2017 there were 221 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), down 13% from August, a trend seen in some other communities. Here’s the breakdown of overall activity.
TOTAL HOMES SOLD
221 (down 13%), 28 Days on Market, Ave. Sales Price $515,493 (up 1%), Ave. sale 97% of asking price
Detached Homes Sold
134 (down 14%), 25 Days on Market, Ave. Sales Price $549,239 (down 1%), Ave. sale 97% of asking price
Attached Homes Sold,
87 (down 8%), 34 Days on Market, Ave. Sales Price $415,426 (up 8%), Ave. sale 98% of asking price
Sales volume decreased in September overall, for both detached and attached home sales. We saw a slight increase in days on market across the board. 21% of the September home sales were cash transactions, compared to 22% last month. Average sale prices decreased slightly for detached homes but more modestly for attached single family homes.
Buyers, on average, negotiated 2 - 3% off asking price, however, 39% of the homes sold for list price or better. The MEDIAN sales price of detached homes was $542,600 (down 2%), and $350,000 (up 7%) for attached/condos.
There were 14 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 26 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.
At the end of September 2017 there were 254 Oceanside homes for sale, a 23% decrease from August. This represents an inventory of less than 1 month for detached homes (down from 1.4 months last month) and 1.3 months for attached homes (down from 1.5 months last month) based on the current rate of sales over the last 6 months – the Oceanside market remains very competitive and remains a very strong seller’s market.
In September 204 Oceanside homes came on the market, 25% fewer than last month. The number of Oceanside homes going pending also decreased, by 20%, to 188 pendings (excluding homes that actually sold in September).
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 2017, or to sell your current home!
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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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