Ocean Hills Country Club (OHCC) Real Estate Market Update
The Ocean Hills Country Club real estate market, as of November 2023, reflects a dynamic landscape with notable trends and shifts.
Analyzing the recent data provides valuable insights for both prospective buyers and sellers navigating this attractive 55+ coastal community in San Diego.
Ocean Hills Country Club Market Update – Average Home Sales Price (Last 12 Months History)
Ocean Hills Country Club Market Update – Average Days on Market (Last 12 Months History)
Ocean Hills Country Club Market Update – Average Percentage of Sold Price to List Price (Last 12 Months History)
OHCC Real Estate Market Trend – Average Home Sales Price (Last 10 Years History)
OHCC Real Estate Market Trend – Average Percentage of Sold Price to List Price (Last 10 Years History)
|Month||Total Number of Ocean Hills Country Club Sold Homes||Average Sales Price||Average Days on Market||Average Sold Price Per Square Ft||Average Home Square Ft||Average Percentage of Sold Price to List Price|
|November 2023||10 homes sold||$989,400||18||$546.31||1,841||98.01%|
|October 2023||8 homes sold||$927,125||11 days||$568.39||1,655||100.48%|
|September 2023||11 homes sold||$989,718||19 days||$547.35||1,880||99.78%|
|August 2023||5 homes sold||$903,800||7 days||$616.62||1,547||98.47%|
|July 2023||12 homes sold||$977,322||14 days||$541.21||1,836||100.22|
|June 2023||10 homes sold||$896,602||10 days||$517.37||1,733||102%|
|May 2023||7 homes sold||$927,785||23 days||$497.82||1,864||96%|
|April 2023||8 homes sold||$870,375||20 days||$507.51||1,715||98%|
|March 2023||7 homes sold||$838,486||17 days||$568.85||1,474||98%|
|February 2023||7 homes sold||$935,000||29 days||$514.87||1,816||96%|
|January 2023||5 homes sold||$1,105,100||56 days||$515.70||1,949||93%|
|December 2022||11 homes sold||$774,445||34 days||$504.85||1,534||96%|
|November 2022||7 homes sold||$817,428||35 days||$521.65||1,567||94%|
|October 2022||7 homes sold||$896,857||22 days||$504.00||1,776||96%|
Currently, here is the total number of active and coming soon homes for sale at Ocean Hills Country Club:
About this Ocean Hills Country Club Market Report
1. Limited Property Specifics:
- While the average sales price, days on market, and other metrics provide a general overview, it’s crucial to note that these figures may not account for the diversity in property types within Ocean Hills Country Club. Variations in home sizes/ floorplans, conditions, and specific home amenities can significantly impact individual property values.
2. Property Condition and Upgrades:
- The reported average sales price may not differentiate between properties in varying conditions or with different upgrade levels. Homes with extensive renovations or unique features, views, more private location, etc. can command higher prices, and these nuances may not be fully captured in the averages.
3. Market Dynamics and External Factors:
- The real estate market is influenced by external factors such as economic conditions, interest rates, and local development projects. Externalities can impact buyer behavior and property values, and their influence should be considered for a more nuanced analysis. Because Ocean Hills Country Club is a 55 and over community, senior demand and buyers’ ability to purchase without a mortgage is significant here.
4. Buyer and Seller Motivations:
- The data does not provide insights into the motivations of buyers and sellers. Factors such moving close to family, lifestyle changes, healthcare needs or market perceptions can affect transaction dynamics. Understanding the underlying motivations can offer a more complete picture of the market’s health.
5. Limited Historical Context:
- The provided data covers a 12-month period, offering a snapshot of recent trends. However, for a comprehensive analysis, a more extended historical context would be necessary to identify long-term patterns, cycles, or potential market shifts.
6. Property-Specific Negotiations:
- The reported average percentage of sold price to list price provides a broad view of market competitiveness. However, individual property negotiations vary, and some sellers might accept offers below or above the listed price based on specific circumstances, i.e. condition of the property. Additionally, not all homes may have been priced correctly, which would effect the ratio of percentage of asking price achieved.
7. External Valuation Factors:
- External valuation factors, such as appraisals, rising property insurance rates and property tax assessments, are not directly addressed in the provided data. These factors can influence perceived property values and should be considered when interpreting the reported averages. Also, note that in many cash transactions, although buyers have the option to do an appraisal, many forego an appraisal since a lender is not involved.
8. Market Participation Levels:
- The total number of sold homes provides an overview of market activity, but it does not account for fluctuations in the number of available properties. Changes in inventory levels can impact market dynamics and should be considered for a more holistic analysis.
While the reported metrics offer valuable insights into the Ocean Hills Country Club real estate market, it’s essential to approach them with a nuanced perspective.
The nuances outlined in this analysis underscore the importance of considering various factors that contribute to the complex nature of real estate transactions.
Consulting with a local real estate professional and conducting a comprehensive analysis of additional data points will provide a more accurate and detailed understanding of the Ocean Hills Country Club market.
Equally important is gaining an accurate understanding of the motivations of individual home buyers and sellers and the potential competitiveness of each unique property in order to gauge a productive starting point in negotiations.
Here you will find articles we’ve written so far about Ocean Hills Country Club.
Additional Local Real Estate Market Updates
- Oceanside CA 92056 Real Estate Market Update from North County San Diego Realtors (NSDCAR)
- San Diego County Real Estate Market Update from NSDCAR
Please call or text Jean and Ken Tritle at DreamWell Homes Realty at 760-798-9024.