Cardiff Real Estate Market Report for June 2010
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 June 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
|
12 (down 8%) |
7 (down 30%) |
5 (up 67%) |
|
Average $
|
$762,541 (down 3%) |
$948,428 (up 13%) |
$502,300 (down 17%) |
|
DOM
|
46 |
30 |
69 |
|
Sale $/List $ Ratio
|
94% |
93% |
96% |
The number of homes sold in Cardiff in May declined (by 1) from the previous month, with an increase in average sales prices for detached homes. Given the relatively small number of homes, however, it is unwise to draw any firm conclusions about trends, one way or the other.
At the end of June 2010 there were 5 homes in the Cardiff real estate market with a Contingent status, 2 less than in May (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 June 2010 there were 79 Cardiff homes for sale, 8 more (11%) than last month. This represents an inventory of 8.6 months for attached homes (up from 7.6 months in May) and 8.6 months for detached homes (up from 7.7 months in May).
23 Cardiff homes came on the market in June, 28% more than in May, with 10 homes going pending during the same period, just 1 less than last month.
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 May 2010
Cardiff Real Estate Market Report for April 2010
Cardiff Real Estate Market Report for March 2010
Cardiff Real Estate Market Report for February 2010
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