Located halfway between Los Angeles and San Diego, Oceanside is San Diego county’s third-largest city and one of the state’s most pristine examples of mid-20th century California life. Oceanside is home to the Oceanside Pier, one of the longest wooden piers in the United States, and is home to an international surf competition every year. It’s one of San Diego, CA’s real estate treasure troves because of a perfect balance of relatively affordable housing and great locales.
Every Thursday, Oceanside hosts the Sunset Market, a downtown gathering of local vendors and live entertainment. The city’s education is serviced by the Oceanside Unified School District, which is also the city’s largest employer, followed by the Tri-city Hospital District and Mira Costa College. The architecture within Oceanside is also noteworthy, as the city has done well to preserve its mid-20th century aesthetic.
We buy houses in Oceanside, CA, and we’re here to tell you: it’s fast becoming a real estate haven for young individuals and new families thanks to the city’s combination of sand, surf, sun, and the charm of living in old-school California and the Americana lifestyle.
Oceanside: The Perfect California Housing Market?
The Oceanside, CA housing market has been described as one of the best and most perfect housing markets in the state, and it’s no understatement: the real estate prices for residential properties in the city are right smack in the middle in terms of prices when compared to the most affordable and expensive places to live in California.
To illustrate this, the median sale price of houses in Oceanside sit comfortably at $740,000, while the median price of homes across the state is at an estimated $700,000. In fact, cash homebuyers in San Diego, CA prefer to buy and sell Oceanside homes, particularly to young professionals and new families, specifically because it fits perfectly into the middle-class lifestyle and makes it easier to move inventory.
Year-on-Year Returns
Because of the slightly higher-than-national-average median house prices, the Oceanside housing market is a strong seller’s market, with home appreciation rates seeing a steady 83% increase over the past decade, with many experts saying that this is a trend that isn’t likely to change anytime soon.
Over the past 3 years, the Oceanside housing market saw an average 21.2% year-on-year increase from 2018 to 2021, with the city seeing a 27% increase last year alone. August of this year saw an 18% increase in houses going up for sale.
Clearly, Oceanside, CA housing market is more of a long-term investment option than a short-term one. It would be better to purchase a house in Oceanside, CA and wait 5 years or more before flipping for profit, if only to maximize your returns thanks to the strong year-on-year increase in prices that Oceanside enjoys.
The Cure for the Summertime Blues
Oceanside, CA’s housing trends over the past 12 months have shown that the city sells houses the fastest during the summer months. From June to August of 2021, houses only stayed in the market for a relatively short 10-12 days, as compared to the usual 16 days during any other month of the year. This means that the summer months see a respectable 25% decrease in the time houses spend on the market.
Meanwhile, the greatest number of homes sold in general were during the months of March, April, and October. March of 2021 had the highest volume of houses sold at 237, followed by October 2020 with 227, and April 2021 at 224. With a yearly average of 155 homes sold in every other month of the year, these 3 months see a whopping 52% increase in the number of houses sold.
Looking to Get In on the Oceanside, CA Seller’s Market? Let Us Help!
When you’re looking for a cash homebuyer, you need to make sure that they’re experts in the local real estate market and knowledgeable in the real estate market trends of the country in general. Fortunately, Ignite Property Solutions LLC has the necessary tools and expertise to help you get the fairest market value for your homes!
We buy houses in Oceanside, CA, and beyond, but we also offer wholesale property deals. We’re also open to expanding our network by partnering with top real estate agents in our areas of operation so that we have local expertise on our side. Because we have an extensive inventory of houses, we’re also open to working with private investors who might be interested in investing in our numerous real estate projects.
Whether it’s buying, selling, or investing, Ignite Property Solutions has the right type of service for every type of client. Contact us, today, and let’s see how we can help you!
