What’s the Value of My Cardiff-by-the-Sea Home?
Cardiff Homes Sales July 2018
Buyers and sellers in the Cardiff real estate market need accurate and up to date information about local and current market conditions in order to be able to make informed decisions about Cardiff homes for sale.
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Here is a summary of the Cardiff real estate market for July 2018 based on information provided by the MLS (private sales are not included; data are believed to be accurate as of this writing but are not guaranteed).
TOTAL HOMES SOLD
14(up 40%) Ave. 20 Days on Market, Ave. Sales Price $1,183,200 (up 9%); Ave. sale 97% of asking price
Detached Homes Sold
5 (up 25%); Ave. 11 Days on Market, Ave. Sales Price $1,322,400 (down 23%); Ave. sale 97% of asking price
Attached Homes (condos, town homes, twin homes) Sold
9 (up 50%); Ave. 24 Days on Market, Ave. Sales Price $1,271,833 (up 53%). Ave. sale was 97% of asking price
The overall volume of sales in Cardiff shifted up from last month, and for both detached and attached home sales. 29% of the transactions in July were for cash, compared to 50% last month. 29% of the homes sold for asking price or more. The days on market dropped across the board.
At the end of July 2018 there was 1 home in the Cardiff housing market with a Contingent status (i.e., for the most part these are short sale and REO homes that have accepted offers being reviewed by the lenders), compared to 2 last month. This home is actually contingent on the sale of buyer’s home and there is a first right of refusal.
As of the end of July 2018 there were 31 Cardiff homes for sale, up by 2 homes (7%) from last month...good news for buyers and the most inventory we’ve seen in Cardiff in over a year. This represents an inventory of 1.6 months for attached homes (down from 2.5 months last month), and 4.6 months for detached homes (up from 4.6 months last month) based on the rate of sales over the last 3 months. The Cardiff market remains a strong seller’s market for buyers of attached homes, and a seller’s market for detached homes.
23 Cardiff listings came on the market in July, compared to 14 last month. 14 homes went pending in July (not counting those that sold) the same as in June.
Data are based on information provided by the MLS. If you would like more details about the Cardiff real estate market with regard to current activity as well as the specific areas including the Walking District and the Composer District, I am happy to provide detailed reports on these specific areas for you and to assist you with the sale or purchase of a home in Cardiff by the Sea.
Please call me at (760) 840-1360 so we can discuss your housing needs, answer all your questions, and create a plan to help you buy or sell your Cardiff home in 2018.
Due to the overall small volume of sales one cannot draw firm conclusions about pricing and other trends in Cardiff by the Sea. Keep in mind that average prices can be affected by the sale of high and low end priced homes each month, sometimes significantly, especially when the volume of sales is small.
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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market, or otherwise assist you, friends or family in a home search or home sale, please contact my mobile office or text me at (760) 840-1360, or feel free to email me at JeffDowlerSolutions@gmail.com
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