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.

Because of the type of community that it is, and its small size, the Cardiff real estate market is very localized, and knowing what is going on in the market with regard to inventory and sales is important for making a buying or selling decision

Here is a summary of the Cardiff real estate market for November 2008 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.

• In November 2008 there were only 5 homes sold in Cardiff, half the number sold in October and they were all attached properties.
• The average price was $540,600 ($338/SF) with an average of 81 days on market. These properties sold at an average of 97% of asking price.

As of November 2008 there were 57 Cardiff homes for sale , down 11% from October; this is to be expected at this time of year. This represents an inventory of only 5 months for attached homes (a decline from October) and 9.5 months for detached homes at the current rate of sales (based on a 6-month period), which was unchanged from October.

The price range of detached homes on the market as of November 30 was $424,650 to $3,499,900; prices for attached homes ranged from only $325,000 to $1.5 million.

14 Cardiff homes came on the market in November (10 detached, 4 attached), with only 1 detached home going pending during the same time period.

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.

EARLIER MARKET REPORTS:

Cardiff Real Estate October 2008 Market Report

Cardiff Real Estate September 2008 Market Report

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If I can provide more information about Cardiff, 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