Oxnard Shores Real Estate Market Forecast, Housing, and Trends 2022-2023

Oxnard Shores, Oxnard CA Housing Market

Oxnard Shores, CA, has asserted its dominance throughout the Southern California real estate industry in the recent past. The beachfront town remains one of the hottest markets in Ventura County, and currently, there is little to suggest that the Oxnard Shores housing market will slow down.

Few markets across the state are as hot as Oxnard Shores, making Oxnard beachfront homes for sale popular among real estate investors. At $924.9K, the average home price in Oxnard Shores trumps most markets in the area.

Oxnard Shores, Oxnard, CA Real Estate Overview

Should you consider Oxnard Shores for a real estate investment? It would be best to dig deeper into local trends to know what the market holds for Oxnard Shores real estate investors and buyers in 2022. Here, we have collected valuable information for those keen to invest in the Oxnard Shores real estate.

Arlene & Keith Beckwith are renowned real estate agents who are experts in the local Channel Islands Harbor market. Here, we present a brief compilation of current real estate trends and a future forecast for 2022 for the Oxnard Shores housing market. Our research analysts calculate the market statistics from various reliable sources so that you stay updated with the trends in the Oxnard Beach real estate market.

Let’s look at the state of the Oxnard Shores real estate market and the factors affecting the short and long-term real estate market. Affordability has become a big issue for many homebuyers in Oxnard Shores. This housing market trend affects many major cities across the country, particularly in the western coastal markets such as Oxnard.

Oxnard Shores is a hamlet sitting northwest of The Westerlies and north of Channel Islands Beach in Ventura County, with approximately 28,426 residents. The median listing home price is $924.9K, the median listing home price per sq ft. is $626, and the median sold home price is $1.2M. Between 2021 and 2022, the median home value decreased by 24.5%.

Oxnard Shores has a mixture of owner-occupied and renter-occupied housing. Many single-family homes, foreclosures, and new home communities are available for sale.

Are you excited about picking your dream home off the best beachfront homes Oxnard Shores offers? Before you contact an Oxnard Shores real estate professional and begin searching, you should know what to expect from the Oxnard Shores real estate market.

Oxnard Shores MLS Listings

Where Does the Oxnard Shores, CA Housing Market Currently Stand as of June 2022?

Although there has been a steady home price growth in Oxnard Shores from 2017 to 2019, the housing market did cool off from November 2019 till April 2020. In February 2022, home prices declined again, but recent data indicates that the home price is bouncing back up. Despite having a median listing home price of $924.9K in April 2022, the median home sold price was $1.2M.

Currently, there are 86 listings in Oxnard Shores, CA with an estimated median home value of $548K

There aren’t nearly enough listings on the Oxnard Shores home market to satisfy buyers’ current demand. Despite the COVID19 pandemic, Oxnard Shores and the entire Oxnard market are so hot that it doesn’t seem like it will shift to a buyer’s market anytime soon.

Oxnard Shores Housing Market in 2022

Oxnard Shores is an ideal neighborhood for home buyers who can afford a home in the median price range of $925K. You can consider homes in popular areas around Oxnard Shores if this price doesn’t match your budget.

Hollywood is the most expensive city around Oxnard Shores, with a median listing home price of $1.8M. On the other hand, Port Hueneme is the most affordable city, with a median listing home price of $547K. There are 23 homes for sale in Oxnard Shores, ranging from $399K to $3M.

Buyers often overlook Oxnard in favor of hotter real estate markets like Santa Barbara and Laguna Beach. However, the Oxnard Shores real estate market might be a better buy. Southern California is known for its super high real estate prices, and Oxnard Shores stands out as a relatively affordable real estate market. The median home price is around $925K. Comparing it to the national average of $300,000 doesn’t sound good, but it is a bargain in California. You could snap up several beachfront homes in Oxnard Shores for the price of one house in San Francisco.

Screen Capture courtesy of realtor

Oxnard Shores Housing Market Trends in 2022

Low inventory and steady demand are two key driving factors affecting the Oxnard Shores housing market outlook for 2022. The constraint on available Oxnard Beachfront homes for sale and a decline in new listings keeps the Oxnard Shores housing market skewed to sellers.

The decrease in active listings also indicates that inventory will be very tight over the coming months. It’s an excellent time for sellers to list their properties on the market as the sales to list price ratio is almost 100%. However, considering the current supply-and-demand situation, it’s easy to see why Oxnard Shores’ real estate market forecasts are primarily optimistic for 2022.

Despite the COVID19 pandemic, Oxnard Shores and the entire Oxnard market are so hot that it hasn’t shifted to a buyer’s market.

Oxnard Shores Property Types