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 December 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
|
11 (up 83%) |
7 (up 75%) |
4 (doubled) |
|
Average $
|
$943,741 (down 5%) |
$1,081,594 (down 10%) |
$702,500 (up 79%) |
|
DOM
|
61 |
42 |
96 |
|
Sale $/List $ Ratio
|
98% |
99% |
96% |
The number of homes sold in Cardiff in December rose significantly compared to November. The average time on market dropped in all categories from the prior month's averages. Average sales prices dropped for detached homes but rose significantly for attached home; it would be unwise to draw any firm conclusions of the pricing trends or other trends due to the small number of attached homes sold
At the end of December there were 8 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 December 2009 there were 56 Cardiff homes for sale, the same as last month. This represents an inventory of 6.8 months for attached homes (up from 4.4 months in November 2009) and 7.4 months for detached homes (down from 9.3 months in November).
12 Cardiff homes came on the market in December, the same as the last 2 months, with 5 homes going pending during the same period, 4 less than in November.
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 November 2009
Cardiff Real Estate Market Report for October 2009
Cardiff Real Estate Market Report for September 2009
Cardiff Real Estate Market Report for August 2009
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 © 2010 Jeff Dowler "The California Relocation Dude" Carlsbad Homes and Real Estate Tidbits
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