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 November 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
|
6 (down 14%) |
4 (down 33%) |
2 (up 50%) |
|
Average $
|
$992,581 (up 16%) |
*$1,207,500 (up 39%) |
**$392,000 (up 70%) |
|
DOM
|
104 |
117 |
79 |
|
Sale $/List $ Ratio
|
92% |
91% |
95% |
*This average is skewed because of 1 detached home sold for $2.75 million
**The two homes sold for $755,000 and $370,000
The number of homes sold in Cardiff in November declined by 1 from October. 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.
At the end of November there were 7 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 November 2009 there were 56 Cardiff homes for sale, 3 more than last month. This represents an inventory of only 4.4 months for attached homes (up from 3.4 months in October 2009) and 9.3 months for detached homes (up from 8.4 months in October).
12 Cardiff homes came on the market in November, the same as last month, with 9 homes going pending during the same period, 2 less than in October.
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 October 2009
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-by-the-Sea 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 "The California Relocation Dude" 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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Nice report on Cardiff Jeff. I know what you mean by it being difficult when there is a lack of inventory. I have had a few properties this year where comparable sales were very limited.
I like the way you always clarify how localized each real estate market is. And I've had the sam problem as Bill. I cant' find comps for an oceanfront house that some long-term clients are wanting to list.