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

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Real Estate Agent with eXp Realty of California CA DRE #01490977

Cardiff Real Estate Market Report for December 2010

Cardiff homes for sale

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

Like to Walk? Live in the Walking District in Cardiff CA

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 December 2010 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

8 (up 100%)

5 (up 150%)

3 (up 50%)

Average $

$938,187 (up 38%)

$1,245,500 (up 68%)

$426,000 (down 32%)

DOM

87

84

92

Sale $/List $ Ratio

96%

95%

97%

The number of homes sold in Cardiff in December rose significantly across the board; average sales prices also rose for detached homes. Given the small number of homes sold, however, it is unwise to draw any firm conclusions about trends, especially given pricing.

At the end of December 2010 there were 6 homes in the Cardiff real estate market with a Contingent status, 2 more than 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 are included in the Active statistics below. 

As of December 2010 there were 58 Cardiff homes for sale, compared to 60 last month. This represents an inventory of only 4.4 months for attached homes (up from 4.1 months in November) and 9 months for detached homes (up from 8.2 in November). 

11 Cardiff homes came on the market in December, the same as last month, however only 1 home went under contract during December, compared with 9 last month, p[erhaps not a big surprise due to the holidays. 

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 November 2010

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

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

 

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

Hi Jeff,

Cardiff is such a nice area in San Diego county.  It's nice to see some movement in real estate for the area.  Thanks for providing this market report for us!

Jan 02, 2011 01:23 PM #1
Rainer
56,525
Sibley Poland
RE/MAX Stars Realty - Mount Vernon, OH
15 Years of Professional Experience

I'm a Realtor...NOT a buyer and I AGREE! I 'house-sat' for my cousin a couple of times, once in Cardiff by the Sea (3 blocks from the ocean) and once for her in Encinitas (zero blocks from the Ocean) on Neptune I believe. What a life! I could walk to this little  yellow train caboose in the morning and get coffee and a bagel. *sigh*

Jan 06, 2011 07:07 AM #2
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