Home > Blogs > Jeff Dowler, CRS > Carlsbad Homes for Sale & Real Estate Tips

Cardiff Homes for Sale | Cardiff Real Estate Market Report for September 2011

By Jeff Dowler, CRS

Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

October 08, 2011 06:09 AM

Cardiff Real Estate Market Report for September 2011

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 an informed 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 and the diversity of homes for sale.

A Visual Tour of Cardiff-by-the-Sea

Like to Walk? Live in the Walking District in Cardiff CA

Want to Live in a Musical Community? Try the Composer District in Cardiff, CA

Here is a summary of the Cardiff real estate market for September 2011 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.

	TOTAL HOMES	Detached	Attached
*Number*	16 (up 78%)	9 (up 29%)	7 (up 250%)
*Days on Market*	53	63	40
*Average Sales Price*	$634,679 (down 33%)	$748,555 (down 29%)	$488,266 (down 10%
*Average Sales$/List$*	95%	95%	94%

The number of homes sold in Cardiff in September jumped significantly from last month. However, average sales prices declined fairly subssantially, especially for detached homes (all that sold were under $900K and except 1 at $1.275M). Given the very small number of homes sold, especially for attached homes, however, it is unwise to draw any conclusions about trends, especially given pricing.

At the end of September 2011 there were 6 homes in the Cardiff real estate market with a Contingent status, the same as last month (i.e., short sale and REO homes that had offers being reviewed by the lenders). Until approved these homes are considered active and are included in the Active statistics below.

As of September 2011 there were 61 Cardiff homes for sale, 20% fewer than last month, thus inventory has become more competitive in the Cardiff real estate market. This represents an inventory of only 3.6 months for attached homes (down from 6.4 last month) and 5.2 months for detached homes (down from 5.9 months in August).

Only 8 Cardiff homes came on the market in September, just 1/3 of the new listings last month. 8 homes went pending as compared to 14 in August, a decrease of 43%.

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.