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 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 May 2009 there were 10 homes sold in Cardiff, an 11% increase from the 9 sold last month
• 6 Cardiff sales were attached (average price = $515,850, DOM = 22 days; selling at an average of 102% of asking. Note - 3 of these were short sales selling at 2%, 6% and 8% over asking, and 1 regular sale sold at 9% over asking; price range $215,100 to $600,000)
• 4 Cardiff sales were detached (average sales price of $640,687, DOM = 104, average sales price of 96% of asking, ranging from $434,750 to $823,000)
• 50% of the attached homes that sold were short sales. 2 of the 4 detached sales were bank-owned properties. 

Because of the very small number of homes sold, it would be unwise to draw any firm conclusions of the pricing trends or other trends. Distress sales were a significant percentage of the total sales - 50%. 

As of May 2009 there were 57 homes for sale in the Cardiff real estate market (40 detached homes, and 17 attached homes), just 1 less than in April 2009. This represents an inventory of only 5.7 months for attached homes (up from 4.9 months in April 2009) and 11.4 months for detached homes at the current rate of sales (based on a 6-month period), which is a significant decrease from the 16.4 months in April. 

15 Cardiff homes came on the market in April (10 detached, 4 attached), 1 more than in April, but with 7 homes going pending during the same period - 6 detached and 1 attached - 4 less 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 April 2009 Market Report

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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If I can provide more information about Encinitas, Carlsbad 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 (760) 840-1360 or email me at JDowler@remax.net.

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits