Carlsbad Real Estate News and Views: California: Cardiff by the Sea

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What’s My Cardiff-by-the-Sea Home Worth? Market Report February 2020

What’s the Value of My Cardiff-by-the-Sea Home?

Home Sales for February 2020

 

Cardiff Kook status in Cardiff by the SeaBuyers and sellers in the Cardiff real estate market should have accurate and current information about the local market conditions in order to make informed decisions about Cardiff homes for sale.

 

Local market conditions have a big impact on buying and selling – inventory, pricing, competition, time on market - and you need to understand how these conditions can affect your decisions.

 

Read More About Cardiff-by-the-Sea:

Cardiff by the Sea – Quintessential Beach Community 

Like to Walk? Live in the Walking District in Cardiff CA

Want to Live in a Musical Community? Try the Composer District in Cardiff, CA

 

Here’s a summary of the Cardiff real estate market for February 2020 based on data provided by the MLS (private sales are not included; data are believed to be accurate as of this writing but are not guaranteed). 8 homes sold during February, 33% fewer sales than last month, following an increase in sales in January from December.

 

Detached Homes Sold

8 (down 40%); Average of 38 Days on Market, Average Sales Price $1,719,250 (up 27%); Average sales price was 97% of original asking price

 

Attached Homes (condos, town homes, twin homes) Sold

2 (no change); 4 Days on Market, Sales Price $912,000 (up 53%); Both sales sold at original asking price

 

The overall volume of sales in Cardiff dropped from last month. 25% of the transactions in February were for cash, compared to 58% last month. The average sales price for attached homes rose from last month (but there were only 2 sales like last month), and was also substantially higher for detached homes, likely due to 2 homes selling for $2.275M and $2.575M raised the average compared to last month.

 

Home buyers of detached homes negotiated 3% off the original asking price, on average, with the 2 attached homes both selling at full asking price. The average time on market decreased from last month for detached single family homes; 1 attached home sold in 8 days, the other sold before it was relisted on the MLS.

 

At the end of February 2020 there were no homes in the Cardiff housing market with a Contingent status, the same as the last 4 months (i.e., some Contingent listings are short sale and REO homes with accepted offers being reviewed by the lenders, but more often when they occur they are first right of refusals where offers have been accepted contingent on the sale of a buyer’s home).

 

As of the end of February 2020 there were 22 Cardiff homes for sale, up 22% from January and good news for buyers; current listings range in price from $1,264,900 to $5,295,000. We have 3 months of inventory for attached homes (up from 1.7 months last month), and only 2 months for detached homes (up from 1.7 months last month), based on the rate of sales over the last 3 months. The Cardiff market continues to be a very strong seller’s market.

 

Cardiff by the Sea home with views

 

14 Cardiff listings came on the market in February, compared to 13 in January. 6 homes went pending in February (not counting those that sold), compared to 9 in January.

 

Data are based on information provided by the MLS. If you would like more details about the Cardiff real estate market, as well as for specific areas including the Walking District and the Composer District, I am happy to provide detailed reports on these neighborhoods for you, and to assist you with the sale or purchase of a home in Cardiff by the Sea.

 

Due to the relatively small volume of sales one should not draw firm conclusions about pricing and other trends in Cardiff by the Sea.

 

Keep in mind that average prices may be significantly affected by the sale of high and/or low priced homes each month, especially when sales volume is low.

 

I invite you to reach out to me at (760) 840-1360 so we can discuss your housing needs, lifestyle, and budget, answer all of your questions, and create a strategy to help you buy and/or sell your Cardiff home in 2020.

 

SEARCH HOMES FOR SALE IN CARDIFF BY THE SEA

 

READ MORE:

What’s My Cardiff-by-the-Sea Home Worth? Market Report for January 2020

 

My Jeff Dowler signature

 

**************************************

 CHECK OUT THESE USEFUL REAL ESTATE & COMMUNITY LINKS BELOW (just click)

 

Click to Search for All San Diego Homes

 

Free Home Valuation Button

 

My "At Home In Carlsbad" blog (click photo)

At Home In Carlsbad blog

 

365 Things to Do in Carlsbad (and Nearby) on Facebook   

  Jeff Dowler's Facebook Profile   Jeff Dowler's YouTube Profile    Jeff Dowler's Twitter Profile   Jeff Dowler's LinkedIn Profile

 

      Certified Residential Specialist (CRS) logo

 

MORE ABOUT THE SOUTHERN CALIFORNIA RELOCATION DUDE (link)

 

If I can provide more information about homes for sale in Carlsbad and in surrounding areas, local housing market conditions, or assist you, friends or family in a purchase or sale, please call or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com

 

HOW ABOUT A FREE EQUITY ANALYSIS ON YOUR CURRENT HOME?

CALL ME AT (760) 840-1360

 

Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and  Greater San Diego

All content ©Copyright 2020 by Jeff Dowler. All rights reserved.

eXp Realty of California (CA DRE lic #01490977)

Comment balloon 6 commentsJeff Dowler, CRS • March 03 2020 07:27PM
What’s My Cardiff-by-the-Sea Home Worth? Market Report February 2020
share
What’s the Value of My Cardiff-by-the-Sea Home? Home Sales for February 2020 Buyers and sellers in the Cardiff real estate market should have accurate and current information about the local market conditions in order to make informed decisions… more
What’s My Cardiff-by-the-Sea Home Worth? Market Report January 2020
share
What’s the Value of My Cardiff-by-the-Sea Home? Cardiff Home Sales for January 2020 Buyers and sellers in the Cardiff real estate market need accurate and up to date information about current local market conditions in order to make informed… more
What’s My Cardiff-by-the-Sea Home Worth? Market Report December 2019
share
What’s the Value of My Cardiff-by-the-Sea Home? Cardiff Homes Sales for December 2019 Buyers and sellers in the Cardiff real estate market need accurate and up to date information about current local market conditions in order to make informed… more
What’s My Cardiff-by-the-Sea Home Worth? Market Report November 2019
share
What’s the Value of My Cardiff-by-the-Sea Home? Cardiff Home Sales for November 2019 Buyers and sellers in the Cardiff real estate market need accurate and up to date information about the current local market conditions in order to make informed… more
What’s My Cardiff-by-the-Sea Home Worth? Market Report October 2019
share
What’s the Value of My Cardiff-by-the-Sea Home? Cardiff Home Sales for October 2019 Buyers and sellers in the Cardiff real estate market need accurate and up to date information about the current local market conditions in order to make informed… more
What’s My Cardiff-by-the-Sea Home Worth? Market Report September 2019
share
What’s the Value of My Cardiff-by-the-Sea Home? Home Sales for September 2019 Buyers and sellers in the Cardiff real estate market need accurate and up to date information about the current local market conditions in order to make informed… more
The 2019 Cardiff Greek Festival is September 7 & 8
share
The 2019 Cardiff Greek Festival is Next Weekend The 41st Annual Cardiff Greek Festival will take place next weekend, September 7 and 8, in its usual location, the Saints Constantine & Helen Greek Orthodox Church located at 3459 Manchester… more
What’s My Cardiff-by-the-Sea Home Worth? Market Report July 2019
share
What’s the Value of My Cardiff-by-the-Sea Home? Cardiff-by-the-Sea Home Sales for July 2019 Buyers and sellers in the Cardiff real estate market need accurate and up to date information about the current local market conditions in order to make… more
2019 Cardiff Dog Days of Summer Festival on Sunday August 11th
share
2019 Cardiff Dog Days of Summer Festival August 11th in Encinitas Hey dogs! Cardiff (a. k. a. Cardiff by the Sea ) has a perfect solution for you and your weary owner if the summer doldrums hit in August. The 14th annual Cardiff Dog Days of Summer… more
What’s My Cardiff-by-the-Sea Home Worth? Market Report June 2019
share
What’s the Value of My Cardiff-by-the-Sea Home? Cardiff Housing Market Report June 2019 Buyers and sellers in the Cardiff real estate market need accurate and up to date information about the current local market conditions in order to make… more