Cardiff Real Estate Market Report

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 August 2009 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

 

TOTAL

DETACHED

ATTACHED

# SOLD

7 (down 30%)

3

4

Average $

$837,642 (up 5%)

$1,353,166 up 40%)

$451,000 (up 14%)

DOM

46

60

36

Sale $/List $

 

98%

96%

101%

The number of homes sold in Cardiff in August declined from July, which has doubled over the number of sales 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. While the average price for detached homes increased significantly, because of the small number of homes this is due to what sold (2 homes in the $650 - $750K range and a $2.6 million home) rather than a dramatic change in average price.

Ocean-front restaurants in Cardiff By The Sea CaliforniaAs of the end of August 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. Of the 4 attached homes that sold 2 were short sales. 

As of August 2009 there were 53 Cardiff homes for sale (49 detached homes, and 14 attached homes), 10% fewer than last month. This represents an inventory of only 5.6 months for attached homes (up from 4.8 months in July 2009) and 10.2 months for detached homes at the current rate of sales (based on a 6-month period), which is a almost the same as it was in July. 

10 Cardiff homes came on the market in August (7 detached, 3 attached), 2 less than in July, with 10 homes going pending during the same period - 7 detached and 3 attached - 4 more than went pending in July. 

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 July 2009

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.

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

 
This post has been included in California Information San Diego County, CA Information Cardiff by the Sea, CA Information
Post is included in group: SAN DIEGO Real Estate Agents & Loan Officers
Post is included in group: Posts to Localism
Post is included in group: Market Updates
Post is included in group: CALIFORNIA REAL ESTATE

6 Comments on Cardiff Real Estate - Cardiff Real Estate Market Report for August 2009

SEP
04
634,101 Points 68 Featured Posts Outside Blog

Jeff, I like how values are holding their own. That has to be encourgaging for your area.

7:39pm • #1
403,043 Points 63 Featured Posts Localism Sponsor Outside Blog

Hi Jeff, The coastal areas reports you have done, all seem to be pointing to improved market stats but the actual number of solds has dropped while the prices have increased. Would say that that is inventory based? If so, do see any improvement indicators for the rest of the year?

11:15pm • #2
SEP
05
733,845 Points 145 Featured Posts Localism Sponsor Outside Blog

Gary - it is, although time will tell if this remains so. Cardiff is somewhat unique because of it's size and tht ypes of housing and the numbers can bounce around quite a bit even when things are stable.

William - well it is encouraging that things are selling, but I suspect there are many folks who are waiting for a bit before they list (I know several, in fact). We are just starting to see the shift with sales volume down and prices (on average) up in several communities, but I suspect this could also be, in part, due to the time of the year and not necessarily a trend. It will be interesting to see if things shift IF and WHEN the REOs start hitting again.

Jeff

11:09am • #3
533,628 Points 2 Featured Posts Outside Blog Hit Router

Jeff

Great info; it seems home property value decreases has bottomed here or close to it, but now all the commercial and high end Lake property are our next waves of short sales and REO. Is your market all year or tend to increase when other areas in the country starting cooling off?

11:45am • #4
463,119 Points 17 Featured Posts Outside Blog

Do you have a lot of beach erosion? I notice those big rocks are really close to the buildings. Or is that just the natural placement of them?

11:48am • #5
SEP
08
733,845 Points 145 Featured Posts Localism Sponsor Outside Blog

Tom - the market has been so different in the 4 years I have been here that it's hard to say. August seems to be slower, in general with business picking up after Labor day and then slowing again during the holidays. Seems pretty standard.

Lisa - no those were placed there to help with erosiaon and to protect the buildings.

Jeff

9:07am • #6

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Jeff Dowler ~ Carlsbad Real Estate ~ 760-840-1360

Carlsbad, CA

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