Carlsbad Real Estate News and Views: What’s My Cardiff-by-the-Sea Home Worth? Market Report April 2019

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What’s My Cardiff-by-the-Sea Home Worth? Market Report April 2019

What’s the Value of My Cardiff-by-the-Sea Home?

Cardiff Home Sales for April 2019

 

Cardiff Kook statue in Cardiff by the SeaBuyers and sellers in the Cardiff real estate market need accurate and up to date information about the current local market conditions in order to make informed decisions about Cardiff homes for sale.

 

Local market conditions have a big impact on buying and selling – inventory, pricing, competition, time on market - and you need to understand these circumstances and how they could affect you.

 

 

Read More About Cardiff-by-the-Sea:

Cardiff by the Sea – Quintessential Beach Community 

Like to Walk? Live in the Walking District in Cardiff CA

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 2019 based on information provided by the MLS (private sales are not included; data are believed to be accurate as of this writing but are not guaranteed). A total of 7 homes sold during April, less than half the number of sales in March (down 53%).

 

Detached Homes Sold

6 (down 40%); Average of 50 Days on Market, Average Sales Price $2,850,905 (up 92%); Average sale 96% of original asking price

 

Attached Homes (condos, town homes, twin homes) Sold

1 (down 80%); 36 Days on Market, Sales Price $810,000 (down 31%); Sale was 97% of original asking price

 

The overall volume of sales in Cardiff dropped significantly from last month, but especially for attached single family homes. 29% of the transactions in April were for cash, compared to 40% last month. Average sale price rose substantially for detached homes but this was likely due to the sale of 4 homes in April for more than $2.5M with 1 at $5.9M that raised the average substantially compared to last month.

 

Home buyers negotiated between 3 and 4% of the original asking price, on average, with 1 buyer paying full price. The time on market increased significantly from last month for detached single family homes but rose just slightly for attached homes.

 

At the end of April 2019 there was 1 home in the Cardiff housing market with a Contingent status, a court-ordered approval, compared to 0 last month (i.e., some Contingent listings are short sale and REO homes that have accepted offers being reviewed by the lenders, but these days most tend to be first rights of refusal where offers have been accepted that are contingent on the sale of a buyer’s home).

 

As of the end of April 2019 there were 36 Cardiff homes for sale, another bump up in inventory (up 10%). This represents an inventory of 3.3 months for attached homes (down from 3.8 months last month), and 3.4 months for detached homes (up from 2.9 months last month) based on the rate of sales over the last 3 months. The Cardiff by the Sea housing market remains a seller’s market for buyers of detached and attached homes.

 

Cardiff by the Sea homes

 

26 Cardiff listings came on the market in April, 30% more than for March. 19 homes went pending in April (not counting those that sold), also an increase, by 46%, from March, and another sign of the active Cardiff housing market.

 

Data are based on information provided by the MLS. If you would like more details about the Cardiff real estate market with regard to current activity as well as the specific areas including the Walking District and the Composer District, I am happy to provide detailed reports on these specific areas for you and to assist you with the sale or purchase of a home in Cardiff by the Sea.

 

Due to the small volume of sales one should not draw firm conclusions about pricing and other trends in Cardiff by the Sea.

 

Keep in mind that average prices can be dramatically affected by the sale of high and/or low priced homes each month, especially when sales volume is low.

 

Please call me at (760) 840-1360 so we can discuss your housing needs, answer all of your questions, and create a plan to help you buy or sell your Cardiff home in 2019.

 

SEARCH HOMES FOR SALE IN CARDIFF BY THE SEA

 

READ MORE:

What’s My Cardiff-by-the-Sea Home Worth? Market Report for March 2019

 

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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market conditions, or assist you, friends or family in a purchase 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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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, Escondido, and  Greater San Diego

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Comment balloon 2 commentsJeff Dowler, CRS • May 05 2019 03:23PM

Comments

Hello Jeff, Hope your phone is ringing from people that want to know what their home is worth.  You are the Realtor to go to!

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) 3 months ago

Do tell Jeff Dowler, CRS what is a "court ordered approval" ? Not heard that term before.

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) 3 months ago

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