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.
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Here is a summary of the Cardiff real estate market for February 2010 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
|
4 (down 20%) |
3 (down 33%) |
2 (no change) |
|
Average $
|
$714,500 (up 9%) |
$857,500 (up 28%) |
$571,500 (down 10%) |
|
DOM
|
32 |
56 |
7 |
|
Sale $/List $ Ratio
|
103% |
97% |
108% |
The number of homes sold in Cardiff in February dropped by 1 compared to January; however, the small number of sales makes it unwise to draw any conclusions about pricing or other trends. 1 of the 2 attached home sales was a short sale.
At the end of February 2010 there were 8 homes in the Cardiff real estate market with a Contingent status, the same as in January (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 February 2010 there were 60 Cardiff homes for sale, 4 more than last month. This represents an inventory of 6.3 months for attached homes (up from 5.1 months in January) and 9.5 months for detached homes ( up from 7.4 months in January).
25 Cardiff homes came on the market in February, 2 more than in January which is good news for buyers, with 9 homes going pending during the same period (down 31% from January pendings).
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 January 2010
Cardiff Real Estate Market Report for December 2009
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
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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 Carlsbad Homes and Real Estate Tidbits
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