Carlsbad Real Estate News and Views: What is My Oceanside Home Worth? Market Report for November 2019

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? Market Report for November 2019

What's the Value of My Oceanside Home?

Oceanside Home Sales for November 2019

 

Oceanside beachesThe 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 November 2019 there were 169 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), a decrease from October of 11%, the 4th decline in sales, a trend seen in other communities. Here’s the breakdown of overall activity.

 

Detached Homes Sold
112 (up 12%), 29 Days on Market, Average Sales Price $641,836 (up 5%), Average sale 98% of original asking price

Attached (condos, town homes) Homes Sold

57 (down 37%), 30 Days on Market, Ave. Sales Price $446,422 (down 7%), Average sale 98% of original asking price

 

Overall sales volume dropped in November; this change was due to a large decline in attached homes sales since detached sales increased. Marketing time was a little longer for detached homes but was shorter for attached homes, both around 1 month. 15% of the November home sales were cash transactions, the same as October. Average sales price decreased for attached single family homes but was higher for detached homes.

 

Buyers, on average, negotiated 2% off the original asking price, however, 35% of the home buyers paid full price or better for their homes. The MEDIAN sales price of detached homes was about the same as last month at $601,000 (no change), and rose by 8% to $400,500 for attached homes.

 

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. Most of these homes are sales with first right of refusals due to offers that are contingent, but 6 are short sales and 1 was an REO.

 

Condos in Oceanside

 

At the end of November 2019 there were 352 Oceanside homes for sale (ranging in price from $219,999 to $4,450,000), another decrease in inventory, by 12% from last month! This represents a supply of only 1.3 months for detached homes (down from 1.4 months last month) and 2.1 months for attached homes (up 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 overall given buyer demand and supply.

 

In November 170 Oceanside homes were listed, compared to 233 new listings in October, but still almost 6 new listings per day! The number of Oceanside homes going pending also dropped, from 152 to 149 (excluding homes that actually closed in November).

 

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 so we can discuss your personal housing needs and budget, and develop a strategy to get you into a new Oceanside home in 2020, 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 for October 2019

 

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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, local housing market conditions, or assist you, friends or family in a purchase or sale, please call or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com

 

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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  Greater San Diego

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Solutions Real Estate (CA DRE lic #01490977)

Comment balloon 6 commentsJeff Dowler, CRS • December 16 2019 04:33PM

Comments

Good afternoon Jeff Dowler, CRS - good information here and remaining strong for sellers.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 1 month ago

Jeff, the buyers and sellers in Oceanside, CA, should call you for all their real estate needs.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty) about 1 month ago

Hi Jeff Dowler, CRS,

Oceanside was never on my radar but in today's market, the price of homes is very attractive compared to other coastal areas. Also, because of the proximity to Camp Pendelton, this is a great area for an investment opportunity.  With your expertise in Oceanside and other coastal areas, a client will benefit greatly.  

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) about 1 month ago

Hi Grant Schneider  - things have shifted some but still pretty strong, and competitive. I expect things to slow some more over the next couple of weeks with the holidays!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) about 1 month ago

Thanks Rebecca Gaujot, Realtor®  - I am happy to help!

Hi Sheri Sperry - MCNE®  - the value is pretty good in Oceanside for a coastal community, and much more affordable than Carlsbad. I just sold 2 listings there in November.

Jeff

 

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) about 1 month ago

This real estate market data will be valuable to home buyers and sellers in  Oceanside, Jeff.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) about 1 month ago

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