Cardiff Homes for Sale - What Happened in the Cardiff Real Estate Market in June 2012?

Buyer and sellers in the Cardiff real estate market, need information about the current market conditions in order to make an informed decision about Cardiff homes for sale. 

The Cardiff real estate market is small and very localized, and finding comparables for determining price for either a listing or a purchase can sometimes be tricky because of the limited inventory, the diversity of homes for sale, and fluctuations in the market. 

Want to learn more about Cardiff-by-the-Sea? 

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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 June 2012 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

The number of homes sold in Cardiff in June remained stable overall, although fewer detached homes and more attached homes sold than in May. Overall average sales prices dropped, due to the substantial decline in average prices for detached homes (but with only 4 sales). Buyers are negotiating an average of 5 - 8% off the asking price. Given the very small number of homes sold, it is unwise to draw any conclusions about trends, especially given pricing.

At the end of June 2012 there were 11 homes in the Cardiff real estate market with a Contingent status, 1 more than 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 June 2011 there were 46 Cardiff homes for sale, about the same as last month (47). This represents an inventory of only 3.6 months for attached homes (down from 4.2 months last month), and 4.7 months for detached homes (up from 4.2 months in May).  The Cardiff real estate market remains competitive, particularly for attached homes/condos!

17 Cardiff homes came on the market in June, up by 70% over last month which gives buyers more options. Only 4 homes went pending in June, less than 1/3 for 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.

HOMES FOR SALE IN CARDIFF BY THE SEA CALIFORNIA

CARDIFF-BY-THE-SEA MARKET REPORTS:

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in May 2012?

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in April 2012?

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in March 2012?