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 small and very localized, and knowing what is going on 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 because of the limited inventory..
READ MORE: Cardiff by the Sea
Here is a summary of the Cardiff real estate market for September 2009 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.
|
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TOTAL
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DETACHED
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ATTACHED
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|
# SOLD
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11 (up 57%)
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5
|
6
|
|
Average $
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$852,909 (up 2%)
|
$1,118,166 (down 17%)
|
$530,333(up 18%)
|
|
DOM
|
67
|
58
|
73
|
|
Sale $/List $ Ratio
|
97%
|
99%
|
94%
|
The number of homes sold in Cardiff in September rose, with 4 more homes sold than in August. Prices shifted up overall, and for attached homes, but declined for detached homes. 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.
At the end of September there were 5 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 Cardiff homes that sold in September, 1 of the detached homes was an REO; 1 attached home was a REO and 1 was a short sale.
As of September 2009 there were 50 Cardiff homes for sale, 3 fewer than last month. This represents an inventory of only 2.9 months for attached homes (down from 5.6 months in August 2009) and 7.8 months for detached homes (down from 10.2 months in August).
11 Cardiff homes came on the market in September, 1 more than in August, with 12 homes going pending during the same period, 2 more than went pending in August, which had increased over July as well.
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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If I can provide more information about Carlsbad real estate and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact me by phone or text at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
Serving Carlsbad (including Aviara, La Costa & Carlsbad Village), Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Carmel Valley, Escondido, and San Diego
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Hi Jeff, Cardiff is one our more unique areas. There are quite a range of homes in this coastal community both in style and price. I suspect that the properties there don't seem to be as impacted as some other areas that might be more vulnerable.