What’s the Value of my Cardiff-by-the-Sea Home?
Home Sales Report for October 2018
Buyers and sellers in the Cardiff real estate market need accurate and up to date information about local and current market conditions so they can make informed decisions about Cardiff homes for sale.
Read More About Cardiff-by-the-Sea:
Cardiff by the Sea – Quintessential Beach Community
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 October 2018 based on information provided by the MLS (private sales are not included; data are believed to be accurate as of this writing but are not guaranteed).
TOTAL HOMES SOLD
14 (up 180%) Ave. 51 Days on Market, Ave. Sales Price $1,823,464 (up 18%); Ave. sale 94% of asking price
Detached Homes Sold
12 (up 300%); Ave. 54 Days on Market, Ave. Sales Price $1,934,666 (up 20%); Ave. sale 93% of asking price
Attached Homes (condos, town homes, twin homes) Sold
2 (no change) Ave. 35 Days on Market, Ave. Sales Price $1,156,250 (up 8%). Ave. sale was 96% of asking price
The overall volume of sales in Cardiff rose dramatically from last month for detached almost 3 times as many detached homes sold in October as compared to September. 21% of the transactions in October were for cash, compared to none last month. 1 detached home sold for asking and 1 sold for over asking. The days on market increased significantly for detached homes and for attached homes.
At the end of October 2018 there were no homes in the Cardiff housing market with a Contingent status (i.e., for the most part these are short sale and REO homes that have accepted offers being reviewed by the lenders).
As of the end of October 2018 there were 28 Cardiff homes for sale, down 3% from last month. This represents an inventory of 2 months for attached homes (up from 1.9 months last month), and 2.6 months for detached homes (down from 3.6 months last month) based on the rate of sales over the last 3 months. The Cardiff market remains a strong seller’s market for buyers of attached and detached homes.
19 Cardiff listings came on the market in October, compared to 8 last month. 16 homes went pending in October (not counting those that sold) compared to 13 in September.
Data are based on information provided by the MLS. If you would like more details about the Cardiff real estate market with regard to current activity as well as the specific areas including the Walking District and the Composer District, I am happy to provide detailed reports on these specific areas for you and to assist you with the sale or purchase of a home in Cardiff by the Sea.
Please call me at (760) 840-1360 so we can discuss your housing needs, answer all your questions, and create a plan to help you buy or sell your Cardiff home in 2018.
Due to the volume of sales one cannot draw firm conclusions about pricing and other trends in Cardiff by the Sea. Keep in mind that average prices can be dramatically affected by the sale of high and low end homes each month, especially when sales volume is low.
SEARCH HOMES FOR SALE IN CARDIFF BY THE SEA
READ MORE:
What’s My Cardiff-by-the-Sea Home Worth? Market Report for September 2018
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