Cardiff Real Estate Market Report for October 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.
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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
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