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 sometimes be tricky. 

READ MORE:  Cardiff by the Sea 

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

The number of homes sold in Cardiff in July was double that in June. 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. This is especially true around pricing, since there were only 2 detached homes sold the previous month (average price was $1,117,500), and 2 of the 3 attached sales were high end resulting in a much higher average sales price in June as compared to July. 

As of the end of July there were 4 homes in the Cardiff real estate market with a Contingent status (i.e., short sale and REO homes that had offers being reviewed by the lenders). Until approved these homes are considered active and, thus, are included in the Active statistics below. 

As of July 2009 there were 59 Cardiff homes for sale (46 detached homes, and 13 attached homes), just 3 less than in June 2009. This represents an inventory of only 4.8 months for attached homes (up from 3.8 months in June 2009) and 10.4 months for detached homes at the current rate of sales (based on a 6-month period), which is a decrease from the 13.1 months in June. 

12 Cardiff homes came on the market in July (9 detached, 3 attached), 25% fewer than in June, with 6 homes going pending during the same period - 3 detached and 3 attached - also a decrease from the prior month. 

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 Real Estate Market Report for June 2009  

Cardiff Real Estate May 2009 Market Report  

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

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If I can provide more information about Cardiff real estate 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