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.
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The Cardiff real estate market is very localized, and knowing what is going on in the market 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 sometime be tricky.
Here is a summary of the Cardiff real estate market for April 2009 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.
- In April 2009 there were 9 homes sold in Cardiff, an 80% increase from the 5 sold last month - 1 was attached (price was $509,900, DOM = 37, selling for 98% of asking price) and 8 were detached (average price = $1,099,87, an 15% increase over March's average, with 43 DOM and selling at an average of 92% of list price).
- Cardiff homes that sold ranged from $492,000 to $2.1 million for detached properties.
Because of the very small number of homes sold, it would be unwise to draw any firm conclusions of the pricing trends, but volume was up a bit as was the average sales price.
One of the 8 detached homes sold was an REO; the attached home sale was a regular transaction.
As of April 2009 there were 58 Cardiff homes for sale (44 detached homes, and 14 attached homes), a 3% decrease in inventory over March 2009. This represents an inventory of only 4.9 months for attached homes (just slightly more than at the end of March 2009) and 16.5 months for detached homes at the current rate of sales (based on a 6-month period), which is an increase from 14.7 months in March.
14 Cardiff homes came on the market in April (10 detached, 4 attached), down 30% from March, but with 11 homes going pending during the same period - 4 detached and 7 attached - 4 more than last month.
Data are based on information provided by the MLS for homes that went under contract in April. 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 and the Composer Districts, please let me know.
READ MORE:
Cardiff Real Estate March 2009 Market Report
Cardiff Real Estate February 2009 Market Report
Cardiff Real Estate January 2009 Market Report
Cardiff Real Estate December 2008 Market Report
Cardiff Real Estate November 2008 Market Report
Cardiff Real Estate October 2008 Market Report
Cardiff Real Estate September 2008 Market Report
***************************** If I can provide more information about Carlsbad 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 (760) 840-1360 or email me at JDowler@remax.net. All content copyright © 2009 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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80% increase is good, but 9 is still not a lot of homes. How many sold in the same month during 2006 or 2005, just for comparison?
Jeff, nice presentation. I'm sure that this information is appreciated by your clients and customers. If I was thinking of buying in Cardiff, I'd be calling you!
Good question, Margaret. The inventory has typically been small in Cardiff, but they had the following sales in April for 2005, 2006, 2007 and 2008 - 8, 8, 4, and 7, so it compares very favorably I'd say.
Judi - thanks. I know buyers and sellers like to have the info, adn I certainly do as a agent.
Jeff
Jeff, great information for anyone interested in real estate in Cardiff. I like Margaret's question and your answer. Those are very favorable numbers indeed!