Cardiff Homes for Sale | Cardiff Real Estate Market for October 2010

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

Cardiff Real Estate Market Report for October 2010

Cardiff Homes for Sale - Real Estate Market Report for September 2010

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 small and very localized, and knowing what is going on with regard to inventory and sales is important for making an informed buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky because of the limited inventory and the diversity of homes for sale. 

READ MORE: 

 Cardiff by the Sea - Quintessential Beach Community 

A Visual Tour of Cardiff-by-the-Sea

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 October2010 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

6 (down 46%)

2 (down 71%)

3 (down 50%)

Average $

$549,083 (down 40%)

$729,500 (down 43%)

$368,666 (down 29%)

DOM

67

46

85

Sale $/List $ Ratio

100%

102%

99%

The number of homes sold in Cardiff in October decline across the board as did the average sale price. Given the small number of homes, however, it is unwise to draw any firm conclusions about trends, especially given the prices of the homes that sold.

At the end of October 2010 there were 7 homes in the Cardiff real estate market with a Contingent status, the same as last month (i.e., short sale and REO homes that had offers being reviewed by the lenders). Until approved these homes are considered active and, thus, are included in the Active statistics below. 

As of October 2010 there were 69 Cardiff homes for sale, compared to 70 last month. This represents an inventory of 4.9 months for attached homes (up from 4.4 months in September) and 7.5 months for detached homes (no change from September). 

16 Cardiff homes came on the market in September, 33% more than in September, with 6 homes going pending during the same period, the same as the prior month. 

READ MORE: How Important is Inventory when Buying or Selling? Very!! 

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 District and the Composer District, please let me know. 

READ MORE:

Cardiff Homes for Sale | Cardiff Real Estate Market Report for September 2010

Cardiff Homes for Sale | Cardiff Real Estate Market Report for August 2010

Cardiff Homes for Sale - Cardiff Real Estate Market Report for July 2010

Cardiff Real Estate Market Report for June 2010

Cardiff Real Estate Market Report for May 2010

Cardiff Real Estate Market Report for April 2010

Comments (5)

Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Jeff- thank you for the market report.  This is great information for both buyers and sellers to help them determine a good time to buy or list their home.

Nov 07, 2010 01:24 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Nevin - the Cardiff market seems to shift every month. The small number of sales really impacts the averages so folks need to work with someone who can give them the lowdown on that is going on.

Jeff

Nov 07, 2010 02:24 PM
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Jeff - As usual great information about the market ... and I really like the option links you provide.  Seems like even you, Localism-guru, are evolving!  Thanks for sharing...

Nov 07, 2010 03:40 PM
Cece Blase
Paragon Real Estate Group - San Francisco, CA

 I could live in Cardiff by the Sea just for the name.  It sounds so romantic! Looks pretty, too!

Nov 07, 2010 05:15 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Jack - ha ha. I guess that is true. Thanks!

Cece - it is a very interesting community and not for everyone. Wonderful views from many homes.

Jeff

Nov 08, 2010 03:57 AM