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
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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.
As 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.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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Jeff, I like how values are holding their own. That has to be encourgaging for your area.