Carlsbad Real Estate News and Views: What is My Oceanside Home Worth? Oceanside Home Sales for May 2018

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What is My Oceanside Home Worth? Oceanside Home Sales for May 2018

What's the Value of My Oceanside Home?

Oceanside Real Estate Market Report for May 2018

 

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 2018 there were 206 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), a modest increase from April by 2%. Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

206 (up 2%), 24 Days on Market, Ave. Sales Price $546,090 (up 5%), Ave. sale 98% of asking price

Detached Homes Sold
132 (up 20%), 23 Days on Market, Ave. Sales Price $617,530 (up 16%), Ave. sale 99% of asking price

Attached (condos, town homes) Homes Sold
74 (down 20%), 24 Days on Market, Ave. Sales Price $418,657 (down 7%), Ave. sale 97% of asking price

 

Sales volume increased slightly in May overall, with a big jump in detached home sales but a significant drop in attached home sales. We saw a decrease in days on market for attached homes but an increase for detached home sales, however marketing time remains below 1 month on average. 20% of the May home sales were cash transactions, versus 23% last month. Average sale prices rose for detached homes but decreased modestly for attached homes.

 

Buyers, on average, negotiated 1 - 3% off asking price, however, nearly half (44%) of the homes sold for list price or better. The MEDIAN sales price of detached homes was $597,000 (up 6%), and $375,000 (up 3%) for attached/condos.

 

Oceanside condos

 

There were 11 homes with a CONTINGENT status (typically these are properties waiting for approval by short sale or REO lenders), 3% of the total inventory, the same as 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 May 2018 there were 358 Oceanside homes for sale, a 7% increase from April, and another bump up. This represents an inventory of 1.6 months for detached homes (the same as from last month) and 1.8 months for attached homes (down from 2 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 May 285 Oceanside homes came on the market, up slightly by 3% from last month. The number of Oceanside homes going pending, however, decreased, by 4%, to 193 pendings (excluding homes that actually sold in May).

 

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 specific housing needs and budget, and develop a strategy to get you into a new Oceanside home in 2018, or to sell your current home!

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

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

 

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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market, or otherwise assist you, friends or family in a home search or home sale, please contact my mobile office or text me at (760) 840-1360, or feel free to email me at JeffDowlerSolutions@gmail.com

Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and San Diego

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Comment balloon 6 commentsJeff Dowler, CRS • June 13 2018 12:04AM

Comments

This is very good information, Jeff. What a very strong market for sellers.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) 5 months ago

You always provide good information about your housing market. Thank you for sharing 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 5 months ago

Good morning Jeff. Your market continues to be intriguing to those of us who live eleswhere. Those coming your way will benefit by your expertise! 

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 5 months ago

Good morning Jeff, your market report are always so thorough yet still easy to understand. You provide a wealth of information on the Oceanside real estate market and when sellers want to learn more they need to contact you!

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) 5 months ago

Hi there Jeff, great market report and it echoes the current trends - strong sellers market. Wonder why the attached home market took a bit of a hit - time of year?  

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) 5 months ago

Oceanside home sellers will be in very good hands when they select you as their listing agent.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 5 months ago

Participate