Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market for April 2013?
Buyer and sellers in the Cardiff real estate market need information about local and current market conditions in order to make informed decisions 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 be tricky due to limited inventory, the diversity of homes for sale, and market fluctuations.
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Here is a summary of the Cardiff real estate market for April 2013 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 |
15 (up 50%) |
11 (up 83%) |
4 (no change) |
|
Average $ |
$990,193 (up 5%) |
$1,139,081 (down 6%) |
$580,750 (up 7%) |
|
DOM |
38 |
46 |
15 |
|
Sale $/List $ Ratio |
95% |
93%) |
100% |
The number of homes sold in Cardiff in April rose again from the prior month for detached homes but did not change for attached. Average sales prices increased for attached homes, but declined for detached homes. Buyers were able to negotiate, on average, 5 - 7% off the asking price, but with several homes selling for over asking price at up to 105%. The Median sale price for detached homes was $1,125,000 (up 6%) and $371,500 (down 7%) for attached. Given the small number of homes sold, it is unwise to draw any conclusions about trends, especially given pricing. 47% of the Cardiff homes that sold in April were cash sales.
At the end of April 2013 there were 5 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 accepted offers being reviewed by the lenders). Until approved these homes are considered active and are included in the Active statistics below.
As of April 2013 there were 25 Cardiff homes for sale, up by 9% from March. This represents an inventory of 1.3 months for attached homes (down from 1.4 months last month, the lowest in the coastal region), and 2.9 months for detached homes (the same as last month). The Cardiff real estate market, at the moment, remains very competitive for buyers and is a seller’s market, especially for attached homes.
15 Cardiff homes came on the market in April, down 40% from March; 16 homes went pending in April as compared to March (17).
READ MORE: How Important is Inventory when Buying or Selling? Very!!
Data are based on information provided by the MLS for homes. 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
READ MORE:
Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in March 2013?
Cardiff Homes for Sale – What Happened in the Cardiff Real Estate market in February 2013?
Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in January 2013?
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