As a buyer or seller in the Cardiff real estate market, having data about the current market conditions will enable you to be an informed decision regarding what to do with regard to buying a home in Cardiff, or selling your Cardiff home.
The media reports report data on a regional basis, rather than locally, and knowledge about local Cardiff market conditions benefits you as the buyer or seller since the data are often vastly different than the regional data, particularly for a small community like Cardiff.
Here is a summary of the Cardiff real estate market for October 2008 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.
In October 2008 there were 10 homes sold in Cardiff, over twice the number sold in September. Here's the breakdown of overall activity.
|
|
TOTAL HOMES
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Detached
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Attached
|
|
Number
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10
|
7
|
3
|
|
Days on Market
|
57
|
60
|
53
|
|
Median Sales Price
|
$657,500
|
$660,000
|
$299,000
|
|
Average $/SF
|
$442/SF
|
$509/SF
|
$285/SF
|
|
Average Sales Price
|
$698,920
|
$846,714
|
$354,066
|
|
Average Sale $/List $
|
96%
|
95%
|
110%
|
As of October 2008 there were 64 Cardiff homes for sale (43 detached homes, and 21 attached homes), up from 60 in September. This represents an inventory of 6.3 months for attached homes (up from 5.7 in September) and 9.5 months for detached homes at the current rate of sales (based on a 6-month period), up from 8.7 months in September.
The price range of detached homes on the market as of October 30 was $424,650 to $3,895,000 million; prices for attached homes ranged from $499,000 to $1,500,000 million.
10 Cardiff homes came on the market in October (6 detached, 4 attached), with 6 going pending during the same time period (2 detached, 4 attached).
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 and the Composer Districts, please let me know
Normally, as the holidays approach, we can expect less inventory and a slowing in sales. Time will tell whether this will hold true for this year.
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If I can provide more information about Encinitas, Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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