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:
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Want to Live in a Musical Community? Try the Composer District in Cardiff, CA
Here is a summary of the Cardiff real estate market for April 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
|
8 (down 38%) |
5 (down 29%) |
3 (down 50%) |
|
Average $
|
$726,250 (down 21%) |
$836,000 (down 32%) |
$516,666 (down 2%) |
|
DOM
|
59 |
75 |
31 |
|
Sale $/List $ Ratio
|
98% |
98% |
99% |
The number of homes sold in Cardiff in April declined from the previous month, with declines in average sales prices across the board as well. Given the relatively small number of homes, however, it is unwise to draw any firm conclusions about trends, one way or the other.
At the end of April 2010 there were 8 homes in the Cardiff real estate market with a Contingent status, just 1 less than in March (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 April 2010 there were 70 Cardiff homes for sale, 1 less than last month. This represents an inventory of 6.6 months for attached homes (down from 7.7 months in March) and 9 months for detached homes (up from 8.7 months in March).
21 Cardiff homes came on the market in April, 1 less than in March, with 13 homes going pending during the same period, more than double the number in March.
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 March 2010
Cardiff Real Estate Market Report for February 2010
Cardiff Real Estate Market Report for January 2010
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
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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 or email me at JDowler@remax.net. All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits 
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Good Morning Jeff, Guessing you are in DC and finding your way around this morning. A very good report on Cadiff, though the numbers are heading in the wrong direction. It is a very unique market and fluctuation seems sort of normal these days. The people that live there really love it there.
William - working on it. I was up til almost 11 pm CA time and up here at 6:30. A bit foggy.
The Cardiff market bounces around alot, mainly because sales volume is limited due to inventory so high and low end homes really throw off the numbers. It is a unique community in many ways.
I'm getting together with Pat Kennedy and Margaret Rome today...and whoever else shows up.
You're up bright and early!
Jeff
Wish I was in DC ....Sounds like fun ..
HelpfulHannah
Hi Jeff, I was up at 4:00 had an early meeting with a client getting property ready for market. Meeting the contractor. I understand about being foggy, LOL. I think I am that way most of the time of late, :-)Glad to read your realy busy, my bus has slowed down a lot. Enjoy DC. Sure wish I had my camera there. I will go back East early July.
Market reports are always a welcome read to those wanting to buy or sell in the area. Have fun in D.C.. Saw Pat's post with the pic.