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. 

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Cardiff by the Sea

Cardiff's Walking District

Cardiff's Composer District

The Cardiff real estate market is very localized, and knowing what is going on in the market 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 sometime be tricky. 

Here is a summary of the Cardiff real estate market for April 2009 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

• In April 2009 there were 9 homes sold in Cardiff, an 80% increase from the 5 sold last month - 1 was attached  (price was $509,900, DOM = 37, selling for 98% of asking price) and 8 were detached (average price = $1,099,87, an 15% increase over March's average, with 43 DOM and selling at an average of 92% of list price).
• Cardiff homes that sold ranged from $492,000 to $2.1 million for detached properties. 

Because of the very small number of homes sold, it would be unwise to draw any firm conclusions of the pricing trends, but volume was up a bit as was the average sales price. 

One of the 8 detached homes sold was an REO; the attached home sale was a regular transaction. 

As of April 2009 there were 58 Cardiff homes for sale (44 detached homes, and 14 attached homes), a 3% decrease in inventory over March 2009. This represents an inventory of only 4.9 months for attached homes (just slightly more than at the end of March 2009) and 16.5 months for detached homes at the current rate of sales (based on a 6-month period), which is an increase from 14.7 months  in March. 

14 Cardiff homes came on the market in April (10 detached, 4 attached), down 30% from March, but with 11 homes going pending during the same period - 4 detached and 7 attached - 4 more than last month. 

Data are based on information provided by the MLS for homes that went under contract in April. 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 and the Composer Districts, please let me know.

READ MORE:

Cardiff Real Estate March 2009 Market Report  

Cardiff Real Estate February 2009 Market Report 

Cardiff Real Estate January 2009 Market Report

Cardiff Real Estate December 2008 Market Report 

Cardiff Real Estate November 2008 Market Report  

Cardiff Real Estate October 2008 Market Report  

Cardiff Real Estate September 2008 Market Report

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