Here’s the Oceanside Market Report for August 2022. And here’s the market report for July 2022 in case you didn’t see it.
170 homes sold in Oceanside in August, 7 more sales than in July (up 4%). Here’s the breakdown of overall activity.
Single Family Homes Sold – 123 (up 27%). 22 Average Days on Market. The Average Sales Price was $892,330 (down 7%). Average Sales Price was 97% of the original asking price.
Condos, Townhomes & Duplexes Sold – 47 (down 29%). 17 Average Days on market. Average Sales Price was $720,347 (up by 11%). The Average Sales Price was 100% of the original asking price.
Overall sales volume for August rose from last month. While sales increased substantially for single family detached homes, there were significantly fewer sales of condos, townhomes and duplexes. The average sales price was lower for single family homes, but higher for condos, townhomes, and duplexes. Sales prices ranged from $336,500 to $3,625,000.
Average marketing time was longer for single family homes, but about the same for condos, townhomes and duplexes. However, a number of buyers made quick decisions, with 32% of the homes pending in 1 week or less.
Plenty of buyers negotiated their purchase prices. On the other hand, 48% ended up paying list price or more for their homes. The median sales price of single family homes was 9% lower than in July at $830,000. On the other hand the median price for condos, townhomes and duplexes was higher at $585,000, up 6%.
At the end of August there were 284 Oceanside homes for sale, ranging in priced from $334,999 to $6,400,000. This is a 7% decline in inventory from July.
Thus there is a 1.7 month supply of single family homes, and a 1.6 month supply for condos, townhomes and duplexes. This based on the rate of sales over the last 3 months. The Oceanside market continues to be a very strong seller’s market based on supply and demand.
198 Oceanside homes were listed for sale in August, down 8 from last month. In contrast, the number of Oceanside homes going pending increased to 138, up 10% (excluding homes that actually closed in August).
I’m happy to share more details about the Oceanside real estate market within specific zip codes, neighborhoods, or price ranges. Please reach out to me at (760) 840-1360 to discuss your particular housing needs, lifestyle, budget and questions. Then we’ll develop a plan to help buy your new home, and/or sell your current Oceanside home!