Cardiff Real Estate Market Report for July 2010
As a buyer or seller in the Cardiff real estate market, having information about the current market conditions will enable you to make an informed decision regarding what to do with regard to buying a home in Cardiff, or selling your Cardiff home.
The Cardiff real estate market is small and very localized, and knowing what is going on with regard to inventory and sales is important for making an informed buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky because of the limited inventory and the diversity of homes for sale.
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Here is a summary of the Cardiff real estate market for July 2010 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# SOLD
|
9 (down 25%) |
4 (down 43%) |
5 (no change) |
|
Average $
|
$943,028 (up 22%) |
$1,445,815 (up 52%) |
$516,600 (up 3%) |
|
DOM
|
47 |
61 |
36 |
|
Sale $/List $ Ratio
|
91% |
89% |
93% |
The number of homes sold in Cardiff in July declined by 25% (3 fewer homes) from the previous month, with an increase in average sales prices across the board. There was also more negotiating going on, with list prices averaging 89% to 93% of asking. Given the relatively small number of homes, however, it is unwise to draw any firm conclusions about trends.
At the end of July 2010 there were 9 homes in the Cardiff real estate market with a Contingent status, 4 more than in June (i.e., short sale and REO homes that had offers being reviewed by the lenders). Until approved these homes are considered active and, thus, are included in the Active statistics below.
As of July 2010 there were 76 Cardiff homes for sale, 3 less (4%) than last month. This represents an inventory of 7.3 months for attached homes (down from 8.3 months in June) and 7.6 months for detached homes (down from 8.6 months in June).
23 Cardiff homes came on the market in July, the same as last month, with 12 homes going pending during the same period, 2 more than last month.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
Data are based on information provided by the MLS for homes that went under contract in the last couple of months. If you would like more details about the Cardiff real estate market with regard to current activity as well as the specific areas such as the Walking District and the Composer District, please let me know.
READ MORE:
Cardiff Real Estate Market Report for June 2010
Cardiff Real Estate Market Report for May 2010
Cardiff Real Estate Market Report for April 2010
Cardiff Real Estate Market Report for March 2010
Cardiff Real Estate Market Report for February 2010
Cardiff Real Estate Market Report for January 2010
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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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