171 homes sold in Oceanside’s 4 zip codes in June, 14% fewer sales than in May. Here are the details.
Single Family Homes Sold – 110 (down by 21%). 12 Average Days on Market. The Average Sales Price was $939,717 (down 5%), which was 103% of the original asking price.
Condos, Townhomes & Duplexes Sold – 61 (up 1). 11 Average Days on market. The Average Sales Price was $678,598 (up 1%), which was 101% of the original asking price
Total sales volume for June declined from May. There were fewer sales of single family detached homes, but 1 more sale of condos, townhomes and duplexes. The average sales price was modestly lower for single family homes, but rose slightly for condos, townhomes, and duplexes. Sales prices in June ranged from $350,000 to $2,500,000.
Average marketing time was longer for single family homes, but remained the same for condos, townhomes and duplexes. However, while a number of buyers made quick decisions, half the homes (51%) went pending in 1 week or less.
While plenty of buyers negotiated their purchase prices, 60% paid over list price for their homes. The median sales price of single family homes was 1% lower than in May at $885,000. Moreover, the median price for condos, townhomes and duplexes, was 2% lower at $582,500.
At the end of June there were 268 Oceanside homes for sale, ranging in priced from $419,000 to $6,400,000. This is another significant increase in inventory, by 28%, from last month, and some good news for buyers!
This translates to a 1.5 month supply of single family homes, and 1.1 month for condos, townhomes and duplexes. This is based on the rate of sales over the last 3 months. Thus, the Oceanside market continues to be a very strong seller’s market due to supply and demand.
221 Oceanside homes came on the market in June, 12% fewer than last month. The number of Oceanside homes going pending remained about same at 142 (excluding homes that actually closed in June). It was another active month for buying and selling in Oceanside.
I’m happy to share more details about the Oceanside housing market, and within 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. Furthermore we’ll develop a plan to help buy your new home, and/or sell your current one!