Oceanside Real Estate Market Report for September 2023

When you’re ready to move up to a home that provides you with the extra space and amenities to host your family and friends, you know that to get the maximum sale price within a reasonable timeline, you want to have the right strategy in place.

For most of us, our homes are the largest asset we’ll ever own—so you are right to want to understand this asset and the market you are in. As you consider selling, you deserve the insight and guidance from an expert in your local market. Here are the top things to know about the Oceanside 92057 real estate market right now:

Inventory Is Down and There is Still Demand, Even in This Market

With the inherently limited number of properties and consistently high demand, Oceanside regularly sees a boost in sale prices. In 2022, fewer homes were listed than in years past—continuing to push sale prices even higher. In 2023, we see even fewer homes coming to market with an average of 20 new listings a month. To capitalize on your investment, you want to work with a real estate expert who understands how to strategically price and market your home so you get maximum return.

Median Sale Price is Still on the Rise

When correctly priced and positioned well on the market, homes are selling at or above list price—often in only a few days on market. Median sale prices have stabilized recently with buyers focusing on the lowest price homes in the area. Median days on market remained relatively low as well, at 21 with average days on market at 59. Again higher-priced homes are averaging longer on market than lower-priced homes. These stats really add up when you are selling your largest financial asset–and that’s exactly why you deserve a strategic marketing plan.

We Continue to See Homes Sell With Multiple Offers

The market is still active even with higher interest rates. With the right strategic plan, pricing, and positioning for your property and your goals, we can attract maximum offers and get your home sold for the highest possible price in the fewest days on market.

As a homeowner, what does this mean for you?

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.

As a full-time Realtor, when you hire me, you get comprehensive guidance. I get to know your unique goals and timeline, and then build my strategy to accommodate. Rest assured, responsiveness and resourcefulness are at the core of everything I do. Real estate transactions can come with all sorts of challenges, but that’s where I step in.

With my strategic marketing plan and step-by-step guidance, we’ll get your home prepared and priced to attract high-quality buyers, that way you get exactly what you deserve: the highest possible price in the fewest days on market.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 760-443-4660

We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.

Call Today → 760-443-4660

Laura Hooks, Realtor

License # 02084495

Big Block Realty, Inc.

www.SoCalLivingwithLaura.com

[email protected]

760-443-4660

Oceanside (92057) Market Highlights

Single-Family Home Stats August 2023 vs. August 2022 Analysis
Median Sale Price Up 7.69% Median sale price is now at $845,000, up 3.7% from $780,000 in August 2022. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.
Median Days on Market Up 75%

(+ 9 days)

Median days on market are at 21 in August. Current demand and low supply play a major role, especially when compared to August’s 2022 statistic at 12. Strategic pricing and marketing ensure your home sells for top dollar in a few days on market.
Sale-to-List Price Ratio Down 2.86% Strategically marketed homes are selling at or slightly below list price, making it especially important to start with an expert strategy from day one to sell for the highest possible price in the fewest days on market.
Price per Square Foot Up 2.34% Demand in Oceanside is on the rise, and price per square foot is now at $480/sq. ft. in August, compared to $469 in August 2022. To maximize your results, it’s extremely important to have a proven strategy and expert guidance from the beginning.

Source: Altos Research and InfoSparks MLS data

Looking Ahead

Here’s what we’ll be watching over the coming months:

  1. Low Supply of Available Homes

Oceanside (92057) had low inventory in August, likely due to the increased uncertainty of interest rates. With inventory low and the median sale price steadily increasing—up 7.69% in August compared to August 2022—sellers who work with an expert to properly position themselves on the market can generally expect to secure a nice return.

  1. Possible Easing of Interest Rates

Buyers are eager now to scoop up the available inventory, even at the current higher interest rates. It’s still a good time to sell. Many industry leaders predict interest rates to ease toward the end of 2023 and into 2024 and 2025. If they are right, then buyer demand will pick up dramatically. Regardless of what twists and turns the market takes, to truly maximize your return on investment, it’s crucial that you strategically position your home to buyers.

  1. Continued Growth In Oceanside

As Oceanside develops, we’ll continue to see property values increase. Here are just a few things to note:

  • Oceanside was ranked #12 in the US News Best Beaches in California for 2023.
  • Oceanside is recognized for delicious culinary and craft beverage establishments, vibrant nightlife, parks, various sports activities, hiking, bike paths, and a laid-back beach

lifestyle.

  • Oceanside prioritizes the safety and well-being of its residents, which is reflected in its relatively low crime rates and the community’s commitment to promoting safety and

security.

  1. What to Expect When Selling Your Home

The market consistently evolves–and you deserve to sell for the highest possible price no matter what. The right marketing strategy, pricing knowledge, and negotiation power are what make the difference when you’re ready to sell your home and embark on what may be one of the largest financial transactions of your lifetime.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 760-443-4660