Cardiff Real Estate Market Report for August 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 August 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
|
10 (up 11%) |
5 (up 20%) |
5 (no change) |
|
Average $
|
$616,200 (down 35%) |
$771,400 (down 47%) |
$461,000 (down 11%) |
|
DOM
|
53 |
60 |
46 |
|
Sale $/List $ Ratio
|
98% |
96% |
99% |
The number of homes sold in Cardiff in August rose by 11% (that's 1 home) from the previous month, with a decrease in average sales prices across the board. 4 of the 5 detached homes sold in Cardiff were under a million which brought down the average significantly from last month. Given the small number of homes, however, it is unwise to draw any firm conclusions about trends.
At the end of August 2010 there were 9 homes in the Cardiff real estate market with a Contingent status, the same as in July (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 August 2010 there were 79 Cardiff homes for sale, 3 more (4%) than last month. This represents an inventory of 5.8 months for attached homes (down from 7.3 months in June) and 8 months for detached homes (up from 7.6 months in June).
23 Cardiff homes came on the market in August, the same as last month (and the month before), with 5 homes going pending during the same period, less than half the number last month (12).
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 Homes for Sale - Cardiff Real Estate Market Report for July 2010
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
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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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