Cardiff Real Estate Market Report for June 2011
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 an informed 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 and the diversity of homes for sale.
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Here is a summary of the Cardiff real estate market for June 2011 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
|
11 (down 8%) |
8 (no change) |
3 (down 25%) |
|
Average $
|
$820,681 (down 10%) |
$979,562 (down 7%) |
$397,000 (down 37%) |
|
DOM
|
51 |
39 |
85 |
|
Sale $/List $ Ratio
|
93% |
92% |
97% |
The number of homes sold in Cardiff in June declined by 1 sale from last month. Average sales prices declined across the board. Given the very small number of homes sold, however, it is unwise to draw any conclusions about trends, especially given pricing.
At the end of June 2011 there were 11 homes in the Cardiff real estate market with a Contingent status,3 more than last month (i.e., short sale and REO homes that had offers being reviewed by the lenders). Until approved these homes are considered active and are included in the Active statistics below.
As of June 2011 there were 74 Cardiff homes for sale, the same as last month, thus inventory has remained stable in the Cardiff real estate market for several months. This represents an inventory of only 5.5 months for attached homes (up from 4.8 last month) and 8.4 months for detached homes (down from 9.5 months in May).
26 Cardiff homes came on the market in June, 2 more than last month. 17 homes went pending as compared to 9 in May, almost double the number.
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 Homes for Sale | Cardiff Real Estate Market Report for May 2011
Cardiff Homes for Sale | Cardiff Real Estate Market Report for April 2011
Cardiff Homes for Sale | Cardiff Real Estate Market Report for March 2011
Cardiff Homes for Sale | Cardiff Real Estate Market Report for February 2011
Cardiff Homes for Sale | Cardiff Real Estate Market Report for January 2011
Cardiff Homes for Sale | Cardiff Real Estate Market Report for December 2010
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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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Good stats in Cardiff CA for you Jeff...I hope you get your fair share here! Happy 4th!