Cardiff Real Estate Market Report for September 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 September 2011 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number |
16 (up 78%) |
9 (up 29%) |
7 (up 250%) |
|
Days on Market |
53 |
63 |
40 |
|
Average Sales Price |
$634,679 (down 33%) |
$748,555 (down 29%) |
$488,266 (down 10% |
|
Average Sales$/List$ |
95% |
95% |
94% |
The number of homes sold in Cardiff in September jumped significantly from last month. However, average sales prices declined fairly subssantially, especially for detached homes (all that sold were under $900K and except 1 at $1.275M). Given the very small number of homes sold, especially for attached homes, however, it is unwise to draw any conclusions about trends, especially given pricing.
At the end of September 2011 there were 6 homes in the Cardiff real estate market with a Contingent status, the same as 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 September 2011 there were 61 Cardiff homes for sale, 20% fewer than last month, thus inventory has become more competitive in the Cardiff real estate market. This represents an inventory of only 3.6 months for attached homes (down from 6.4 last month) and 5.2 months for detached homes (down from 5.9 months in August).
Only 8 Cardiff homes came on the market in September, just 1/3 of the new listings last month. 8 homes went pending as compared to 14 in August, a decrease of 43%.
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 August 2011
Cardiff Homes for Sale | Cardiff Real Estate Market Report for July 2011
Cardiff Homes for Sale | Cardiff Real Estate Market Report for June 2011
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
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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 - That phenomenal that everything was UP in Cardiff in September.
Way over hear on the other coast we're also finding the number of sales is up, but the average sales price is down, though not as significant as in your market. I absolutely LOVE that photo you used, Jeff! Gorgeous!!