What's the Value of My Oceanside Home?
Oceanside Home Sales for November 2019
The 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.
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.
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!
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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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