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 January 2010 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
|
5 (down 55%) |
3 (down 57%) |
2 (down 50%) |
|
Average $
|
$652,700 (down 31%) |
$667,333 (down 38%) |
$630,750 (down 10%) |
|
DOM
|
122 |
117 |
130 |
|
Sale $/List $ Ratio
|
94% |
93% |
95% |
The number of homes sold in Cardiff in January dropped significantly from December, and the small number of sales makes it unwise to draw any firm conclusions of the pricing trends (which dropped significantly) or other trends. 2 of the 5 sales were short sales.
At the end of January 2010 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 January 2010 there were 56 Cardiff homes for sale, the same as last month and the month prior. This represents an inventory of 5.1 months for attached homes (down from 6.8 months in December) and 7.4 months for detached homes (slightly up from 7.3 months in December).
23 Cardiff homes came on the market in January, almost twice the number in December, which is good news for buyers, with 13 homes going pending during the same period, more than twice the number of homes going pending in December.
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 December 2009
Cardiff Real Estate Market Report for November 2009
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 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 © 2010 Jeff Dowler "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits
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If I can provide more information about Carlsbad real estate 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 me by phone or text at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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, Carmel Valley, Escondido, and San Diego
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Good point about inventory...and thanks for the reminder ...
janeAnne - It's something I find alot of sellers don't think about, and of coure it can have a big impact on the sale of their home. And certainly buyers need to understand the impact it can have on their home search and competition.
Jeff
Good reporting as usual Jeff. Hope that absorption rate keeps declining and the prices start upward. From the sounds of this looks like your inventory is starting to come in. Which usually entices buyers along with them....
Jeff it looks like the number of transactions were down in Carlsbad but I suspect that may have more to do with seasonal trends?
Jeff I am surprise that sales were high in December than in January. I would of thought that with Thanksgiving, and Christmas falling so close together, and being times of the year that people are traveling and spending time with family, that the sales figures would be the lowest for the year during that time.