Ocean Hills Country Club (OHCC) Real Estate Market Update – September 2024
Welcome to the comprehensive September 2024 housing market update for Ocean Hills Country Club (OHCC), brought to you by DreamWell Homes Realty. In this update, we provide the latest housing trends, key market statistics, and expert analysis. Whether you’re buying or selling in this sought-after 55+ community in Oceanside, CA, our insights will help you make informed real estate decisions.
Ocean Hills Country Club Housing Market Insights for September 2024
September 2024 Market Overview:
In September 2024, Ocean Hills Country Club saw a decrease in the number of homes sold compared to previous months, with a total of 5 homes sold. The average sales price dipped slightly to $959,080, reflecting a softening in the market, down from August’s average of $988,494.
Homes spent a little longer on the market, with the average days on market increasing to 18 days. This represents a slightly slower pace of sales compared to August’s 15 days.
The average sold price per square foot saw a significant drop to $496.62, compared to $649.25 in August, although this is partially explained by the larger average home size in September at 1,985 square feet, compared to 1,580 square feet in August.
Sellers achieved an average of 98.17% of their list price, showing a slight dip in competition or buyer eagerness compared to August’s stronger 99.95%.
Comparison of July 2024 vs. August 2024 in Ocean Hills Country Club
| Market Metric | July 2024 | August 2024 | September 2024 | Difference (Aug vs. Sept) |
|---|---|---|---|---|
| Total Homes Sold | 7 homes | 13 homes | 5 homes | -8 homes |
| Average Sales Price | $1,199,904 | $988,494 | $959,080 | -$29,414 |
| Average Days on Market | 21 days | 15 days | 18 days | +3 days |
| Average Sold Price Per Square Foot | $581.92 | $649.25 | $496.62 | -$152.63 |
| Average Home Size | 2,111 sq. ft. | 1,580 sq. ft. | 1,985 sq. ft. | +405 sq. ft. |
| Average Percentage of Sold Price to List | 99.80% | 99.95% | 98.17% | -1.78% |
The September 2024 market update for Ocean Hills Country Club shows signs of a cooling real estate environment. With only 5 homes sold, the market is seeing a slower pace compared to the busier months of July and August. The average sales price has decreased slightly to $959,080, reflecting softer demand. Homes are also staying on the market longer, with an average of 18 days, compared to 15 days in August.
One notable trend is the increase in average home size to 1,985 sq. ft., which explains why the price per square footdropped to $496.62—larger homes tend to command lower prices per square foot. Additionally, sellers are receiving 98.17% of their list price, a small drop from the near-full-price offers seen in August.
This shift suggests a more balanced market where buyers may have more negotiation power, while sellers might need to adjust expectations as fall progresses. Both buyers and sellers should be strategic in their approach.
Q & A for Buyers and Sellers at Ocean Hills Country Club:
Q: What does this market mean for buyers?
A: September’s data shows that fewer homes are being sold, and properties are taking longer to sell. This gives buyers an opportunity to be more selective and possibly negotiate better deals, especially with homes sitting on the market for longer periods. Additionally, the larger home sizes being sold mean buyers may get more space for their money compared to earlier in the year. With the average sold price per square foot lower, buyers may find more value in the current market.
Q: Should sellers be concerned about the drop in sales price?
A: While the average sales price has dipped slightly, it’s important to note that larger homes sold in September, which often leads to a lower price per square foot. Sellers should be aware that buyers might have more room to negotiate, but the demand for well-priced, well-maintained homes remains steady. Pricing your home competitively and preparing it well for sale will be key to attracting serious buyers.
Q: How long should sellers expect their home to be on the market?
A: Homes in September stayed on the market for an average of 18 days, which is slightly longer than August’s 15 days. However, this is still a relatively short time, so sellers can expect to sell within a few weeks, especially if the home is priced right and in good condition.
Q: What should buyers be aware of in terms of home prices and inventory?
A: With fewer homes sold in September, inventory might be more limited. However, this could work to buyers’ advantage in terms of negotiating prices. Since the market is cooling, buyers should keep an eye on how long homes have been listed and be prepared to make offers below asking if the property has been sitting for a while.
Q: Is this a good time to buy or sell at Ocean Hills Country Club?
A: For buyers, this could be a great time to find value, especially with larger homes and more negotiation room. For sellers, while prices have softened, demand is still present, particularly for well-priced homes. Sellers may need to adjust expectations slightly but can still achieve strong outcomes with the right strategy.
This balanced market means both buyers and sellers should be patient, strategic, and work closely with their real estate agent to make informed decisions.
If you’re ready to explore buying or selling a home in Ocean Hills Country Club, contact Ken Tritle at DreamWell Homes Realty for personalized service and expert guidance.
Ocean Hills Country Club Homes For Sale In-Depth Guide
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