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
Here is a summary of the Cardiff real estate market for October 2009 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 |
7 (down 36%) |
6 |
1 |
|
Average $ |
$852,909 (up 2%) |
$865,833 (down 27%) |
$329,000 |
|
DOM |
113 |
110 |
76 |
|
Sale $/List $ Ratio |
97% |
96% |
100% |
The number of homes sold in Cardiff in September declined, with 4 fewer homes sold than in September. Average sales prices dropped fairly significantly but it would be unwise to draw any firm conclusions of the pricing trends or other trends due to the small number of homes sold. The attached sale was a short sale; 1 detached sale was an REO and 1 was a short sale, thus distress sales accounted for 43% of the Cardiff sales in October.
At the end of October there were 8 homes in the Cardiff real estate market with a Contingent status (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 October 2009 there were 53 Cardiff homes for sale, 3 more than last month. This represents an inventory of only 3.4 months for attached homes (up from 2.9 months in September 2009) and 8.9 months for detached homes (up from 6.8 months in September).
12 Cardiff homes came on the market in October, 1 more than in September, with 11 homes going pending during the same period, 1 less than in September.
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 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
Cardiff Real Estate February 2009 Market Report
Cardiff Real Estate January 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 (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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Jeff: You are always such a great inspiration to me. Your market reports are 'scary' good and always challenge me to improve my own. Thanks!
Jeff, I know that this is a small market and being off by 4 sales may not seem like much, but when it is stated as a 36% decrease it jumps off the page at me.
I'm still jealous of your average days on the market... which is ironic, considering just a few years ago this average would seem like an eternity! and I'm doing listing reports right now. I'm separating them from the sales =) Have to try something new to keep from getting bored >.<
Rich - I'm flattered. Thank you.
George - That's true. Things DO bounce around quite a bit, so relying only on stats in not a good thing. Useful info, but not the only thing to consider. But certainly useful to take into account when looking at buyer or selling.
Lisa - LOL. Yeah, our DOM has actually been pretty good as a average, at least compared to some part of the country.
Jeff