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 a 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.
READ MORE:
Cardiff by the Sea - Quintessential Beach Community
A Visual Tour of Cardiff-by-the-Sea
Want to Live in a Musical Community? Try the Composer District in Cardiff, CA
Here is a summary of the Cardiff real estate market for March 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
|
13 (up 325%) |
7 (up 233%) |
6 (up 200%) |
|
Average $
|
$901,115 (up 26%) |
$1,221,500 (up 42%) |
$527,333 (down 8%) |
|
DOM
|
55 |
60 |
49 |
|
Sale $/List $ Ratio
|
97% |
96% |
99% |
The number of homes sold in Cardiff in March more than tripled the number of homes sold in February, with dramatic increases for both detached single family homes and attached properties. Average sales prices also jumped significantly. Given the relatively small number of homes, however, it is unwise to draw any firm conclusions about trends, one way or the other.
At the end of March 2010 there were 9 homes in the Cardiff real estate market with a Contingent status, just 1 more than in February (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 March 2010 there were 71Cardiff homes for sale, up 18% over last month. This represents an inventory of 7.7 months for attached homes (up from 6.3 months in February) and 8.7 months for detached homes (down from 9.4 months in February).
22 Cardiff homes came on the market in March, 3 less than in February, with 6 homes going pending during the same period (down from 9 in February).
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 January 2010
Cardiff Real Estate Market Report for December 2009
Cardiff Real Estate Market Report for November 2009
Cardiff Real Estate Market Report for October 2009
Cardiff Real Estate Market Report for September 2009
Cardiff Real Estate Market Report for August 2009
Cardiff Real Estate Market Report for July 2009
Cardiff Real Estate Market Report for June 2009
Cardiff Real Estate May 2009 Market Report
Cardiff Real Estate April 2009 Market Report
Cardiff Real Estate March 2009 Market Report
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If I can provide more information about Cardiff real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at or email me at JDowler@remax.net.
All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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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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