Where the Oxnard Shores, CA Housing Market Currently Stands?
Oxnard Shores, CA is a famous neighborhood for real estate investors. There are many single-family homes, foreclosures, and new home communities available for sale and also various options in rentals. Are you considering moving to Oxnard Shores and become the newest member of the Mandalay Bay Beach community? Well, you can experience the luxurious coastline living Oxnard Shores Oxnard, California has to offer today. All you need to do is find the perfect house that matches your style and preference. However, before you contact a real estate professional and begin your search for your dream beach house, you should have an idea of what to expect from the Oxnard Shores real estate market.
Arlene & Keith Beckwith are renowned real estate agents who are experts in the local Channel Islands Harbor market, presenting here a brief compilation of current real estate trends and a future forecast for 2021 & 2022 for Oxnard Shores housing market. The market statistics are calculated by our research analysts from various sources so that you stay updated with the trends in the Oxnard Shores homes for sale market.
The median listing home price is $980K, the median listing home price per sq ft. is $555, and the median sold home price is $680K. Between 2019 and 2020, the median home values increased by 3.52%. Here is a breakdown of the average profit of property investment annually.
- 2015: 5.53%
- 2016: 5.23%
- 2017: 5.73%
- 2018: 4.10%
- 2019: 3.40%
- 2020: 3.52%
Over the past couple of years, the median sale price for properties in Oxnard Shores underwent a lot of fluctuation. By the end of 2018, the highest property median sale price averaged at $720K. However, this price decreased in the following months, and by the end of January 2020, the median price averaged at $640K.
Over the last 12 months, the value of homes in Oxnard Shores increased nine times and decreased three times.
Our current data assessment reveals that the current prices of 2 bedroom homes are decreasing by 14%. But the price of 3 bedroom houses is increasing by 24% than last year. Currently, the price for all properties with 2, 3, 4, and 5 bedrooms is listed at a 3% decrease compared to the previous year. According to our real estate market research and reports, the predicted sales price will increase by 22.8% in the next ten years.
In the past three years, Oxnard's real estate prices have been in a bullish cycle. We predict a positive trend in the near future, and purchasing a house in Oxnard in 2021 and 2022 forecasts to be a good addition to your property investment portfolio.
If you consider buying a real estate property, Oxnard Shores appears to be a profitable investment area. However, you must be aware of future pricing trends. Here are some FAQ’s to help you buy a property in Oxnard.
FAQ's
What is the Oxnard Shores housing market forecast for January 2022?
The housing market forecast for January 2022 is $995K.
What is the housing market forecast for January 2023?
The predicted home sales price in January 2023 is $1.04M.
What is the forecast for the Oxnard Shores housing market for 2024?
The housing market in Oxnard Shores forecasts for January 2024 is $1.058M.
What is the predicted price of a home in Oxnard Shores, CA in 2025?
The median home price in Oxnard Shores, CA forecasts for 2025 is $1.10M.
Is it profitable to purchase a home in Oxnard Shores, CA?
Yes. The profit potential is +2.45% in a year.
Will real estate prices decrease in Oxnard Shores, CA?
Our analysis predicts that any decreases are unlikely in the future.
Buy the Best Home in Oxnard Shores
According to our analysis, home values will increase in the next 12 months in Oxnard Shores, CA. For a 3 to 5-year long-term real estate investment in the Oxnard Shores area, the ROI is expected an increase around 11.56% by 2025. If you want to buy a real estate property in Oxnard Shores and the Channel Islands Harbor, get in touch with the best real estate agents. In case you want to inquire about any details regarding the Oxnard Shores housing market, contact Arlene and Keith Beckwith, Channel Islands Harbor realtor, directly at (805) 338-3363!
The Housing Market Trend In Oxnard Shores till 2020
In Ventura County, the Oxnard Shores real estate market can be defined as a somewhat competitive market. This is based on ongoing data and metrics that track the Oxnard Shores housing market which is reported and recalculated every 6 months. Also, when you compare the Oxnard Shores housing market with surrounding neighborhoods, you’ll find that prices are higher and inventory is relatively stable-making it a very niche market. Also keep in mind that when it comes to the sale of high-priced homes in Oxnard Shores, these properties tend to sell close to the listing price and will go pending in an average of 2 weeks. An average house in the city of Oxnard tends to sell below the listing price at a maximum of 4% and will go pending in an average of 2 months. This, however, is completely dependent on the location of the property and the amenities offered.
Home Prices Trend In The Past 12 Months
Over the past year, the median sale price for all properties in Oxnard Shores has experienced a lot of fluctuation. The end of 2018 recorded the highest property median sales price averaging at $ 939,000. This price steadily decreased in the months to follow with the median price averaging at $571,250 by the end of April 2019. A current assessment of available data pertaining to Oxnard Shores properties reveals that the current prices of 2 bedroom homes are at a 14% decrease, while the prices of 3 bedroom houses have increased by 24% compared to the previous year. Today, the year-over-year difference in sales prices for all properties--2, 3, 4 and 5 bedrooms--are currently listed at a 3% decrease compared to the previous year.
Currently, there are 86 listings in Oxnard Shores, CA with an estimated median home value of $548K
- Home PricesCount
- $300K - 400K6
- $400K - 500K12
- $500K - 600K17
- $600K - 700K5
- $800K - 900K5
- $1M - Max41
- Property TypeCount
- Single Family54
- Townhouse 3
- Condo 14
- Commercial 4
- Rental 31
- Lots and Land7
- Mobile Home4
Increase Of Homes Value In The Oxnard Shores Housing Market
The value of homes in the Oxnard Shores housing market has experienced a 4.6% appreciation in the last 12 months and a 0.26% increase in the last quarter. This appreciation is partly accredited to the increase of the average size of houses on the local market, which has increased from 1667 square feet to a current average of 1815 square feet--an 8% increase since the beginning of 2018.
- Median Home Value$548K
- Median List Price /Sq.Ft.$576
- Median Sale Price$571K
- Median Rent per Month$3,175
What Does The Future Of The Oxnard Shores Market Look Like?
Based on current data and trends, a 3-year forecast for the Oxnard Shores housing market indicates an 83% chance of increased home prices into 2020. Looking further ahead up to the 3rd quarter of 2021,
the forecast indicates a 77% probability of an increase in prices of Oxnard shores homes.
This screen capture from
Zillow reveals home prices in Oxnard Shores are on a steady incline and show no quit and the housing market forecast is for further price appreciation.
Screen Capture courtesy of Zillow
Key Factors in Oxnard Shores Housing Market Growth
Oxnard Shores Property Types
Demographics
1.32
Crime National Average
74,698
Median Household Income
Transportation in Oxnard Shores
Best Neighborhoods in Oxnard Shores, Oxnard CA for Real Estate Investment
- NeighborhoodMedian Sales Price
- Ventura$568K
- Westport at Mandalay Bay$658K
- Silver Strand$782K
- NeighborhoodMedian Sales Price
- Oxnard Dunes$659K
- Channel Islands$752K
- Hollywood by the Sea$587K
- NeighborhoodMedian Sales Price
- Port Hueneme$415K
- Camarillo$595K
- Somis$1.25M
What Does It Mean For A Prospective Property Owner?
If you are planning on buying real estate property in Oxnard Shores, California, the time is now! Today, the Oxnard Shores housing market is experiencing a surge in the number of houses up for sale than there are buyers. For buyers, the Oxnard Shores real estate market health is at its most favorable conditions. Consider buying or renting a home in this popular neighborhood today while the markets are still advantageous for buyers. If you wait a bit longer, you may miss out on that dream beachfront home.
Known as the most active real estate agent in
Channel Islands Harbor and Oxnard Shores, Arlene & Keith Beckwith is expert of the local market. If you have any additional questions about Oxnard Shores real estate or want to get started on the home buying process,
contact Arlene Beckwith and her team directly at
(805) 338-3363!