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 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 May 2009 there were 10 homes sold in Cardiff, an 11% increase from the 9 sold last month
- 6 Cardiff sales were attached (average price = $515,850, DOM = 22 days; selling at an average of 102% of asking. Note - 3 of these were short sales selling at 2%, 6% and 8% over asking, and 1 regular sale sold at 9% over asking; price range $215,100 to $600,000)
- 4 Cardiff sales were detached (average sales price of $640,687, DOM = 104, average sales price of 96% of asking, ranging from $434,750 to $823,000)
- 50% of the attached homes that sold were short sales. 2 of the 4 detached sales were bank-owned properties.
Because of the very small number of homes sold, it would be unwise to draw any firm conclusions of the pricing trends or other trends. Distress sales were a significant percentage of the total sales - 50%.
As of May 2009 there were 57 homes for sale in the Cardiff real estate market (40 detached homes, and 17 attached homes), just 1 less than in April 2009. This represents an inventory of only 5.7 months for attached homes (up from 4.9 months in April 2009) and 11.4 months for detached homes at the current rate of sales (based on a 6-month period), which is a significant decrease from the 16.4 months in April.
15 Cardiff homes came on the market in April (10 detached, 4 attached), 1 more than in April, but with 7 homes going pending during the same period - 6 detached and 1 attached - 4 less 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 April 2009 Market Report
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
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If I can provide more information about Encinitas, 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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You are so right Jeff in that knowing what's going on in the market helps to make smart moves. Great reports - you sure know your market.
Hi Jeff,
Funny, I just posted May stats for Oakville and noticed Bill G. had done the same thing. Now I go to your blog and you have also. We are all on the same wavelength today. Great stats report.
Thanks, Lee and Pamela - I find that doing these reports really helps respond to questions from buyers and sellers.
Jenny - LOL. Great minds, huh?! I post my every month as does Bill. They get great readership.
Jeff
I am seeing better activity reports from a lot of areas around the country. I hope the trend continues.
Hi Jeff! It is wonderful to see such good reports across the nation. As always, your reports are nicely done and your pictures just make us want to BE there!!
BTW--I was looking at your profile page earlier and noticed your NO DOOM & GLOOM 'sign' and had to say, I love it! I think I've become ordained in the past year because of my 'preaching' that very slogan!
Have a great week...
Jeff, two of my favorite words increase sales :) :)
The news does seem to be getting better in many places according to some of the market reports that I have been seeing.
Jeff this is good stuff. Thanks for taking the time to share. It looks like there are some good signs here.
Terry - me too, on both counts.
Debe - thanks. That graphic is actually from a blog, No Doom Gloom, started by a local retailer who I have gotten to know. Spreading the word is a good thing. I have one of his bumper stickers, too.
George - we are seeing much more activity in some segments of the market. Time will tell if these are trends that will continue. Still wondering about the REO flood we keep hearing about.
Jim - yes, that's true, in some areas and in the lower price points.
Jeff