As a buyer or seller in the Cardiff real estate market, having information about the current market conditions will enable you to make an informed decision regarding what to do with regard to buying a home in Cardiff, or selling your Cardiff home.

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. Finding comparables for determining price for either a listing or a purchase can sometime be tricky. 

Here is a summary of the Cardiff real estate market for February 2009 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

• In February 2009 there were 7 homes sold in Cardiff, over twice the number sold in January - 5 were attached properties (average price $327,900, DOM = 46, selling at an average of 92% of asking price) and 2 were detached (both selling for under $450,000, the very low end of the scale for detached homes in Carlsbad).
• The average sales price of a Cardiff home was $548,171, but given the small number of homes sold this number is not very meaningful. 

Because of the very small number of homes sold, one can not draw any conclusions of the pricing trends. 

As of February 2009 there were 56 Cardiff homes for sale (37 detached homes, and 15 attached homes), a 12% increase in inventory over January. This represents an inventory of only 4.1 months for attached homes (just slightly less than at the end of January 2009) and 12.3 months for detached homes at the current rate of sales (based on a 6-month period), which was also a slight decrease from the end of January. 

20 Cardiff homes came on the market in February (13 detached, 7 attached), a 67% increase over January, with 7 homes going pending during the same period - 6 detached and 1 attached - also an increase over January by 40%.

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. 

Cardiff Real Estate January 2009 Market Report

Cardiff Real Estate December 2008 Market Report

Cardiff Real Estate November 2008 Market Report

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 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