Cardiff Homes for Sale | Cardiff Real Estate Market Report for January 2011

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

Cardiff Real Estate Market Report for January 2011

Cardiff CA Homes for Sale Market Report

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 January 2011 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 25%)

4 (down 20%)

2 (down 33%)

Average $

$642,500 (down 32%)

$745,000 (down 40%)

$437,500 (up 3%)

DOM

94

70

141

Sale $/List $ Ratio

97%

93%

107%

 

The number of homes sold in Cardiff in December declined across the board; average sales prices declined overall and for detached homes (3 of the 4 homes were well under $1M in contrast to last month), but rose for attached homes (both were short sales and sold for over asking price). Given the very small number of homes sold, however, it is unwise to draw any conclusions about trends, especially given pricing.

At the end of January 2011 there were 8 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 January 2011 there were 56 Cardiff homes for sale, compared to 58 last month. This represents an inventory of only 3.8 months for attached homes (down from 4.4 months in December) and 9.5 months for detached homes (up from 9 months in December). 

18 Cardiff homes came on the market in December, a 63% increase over last month. While only 1 home went under contract during December (perhaps not a surprise with the holidays), 12 did so in January 2011. 

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 December 2010

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

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Show All Comments
Rainmaker
191,333
Billie Hillier
http://702IsHome.com - North Las Vegas, NV
Savvy Home Realty Solutions

Your photo looks wonderful - Cardiff looks like a beautiful place to live.

Feb 07, 2011 12:22 PM #1
Rainer
372,643
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Jeff ~  Your market report is excellent and I love the photo -- lovelly.

Feb 07, 2011 12:42 PM #2
Rainmaker
395,071
Elizabeth Cooper-Golden
Huntsville Alabama Real Estate, (@ Homes Realty Group) - Huntsville, AL
Huntsville AL MLS

Jeff, Now THIS is great information that any buyer or seller in Cardiff needs to see.  What a great presentation of your market!  You truly do know your market my friend!

Feb 07, 2011 01:05 PM #3
Rainmaker
423,076
Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Jeff - As always a fully informative market report for beautiful Cardiff!  No wonder so many home sellers and buyers hire your professional Realty services!

Feb 07, 2011 01:14 PM #4
Rainmaker
556,049
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Jeff,

Interesting info for beautiful Cardiff. It was only after reading your report that I realized how small of a community this is.

Feb 07, 2011 02:35 PM #5
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Billie - Cardiff is a wonderful community, with great views, but it's not right for those looking for an upscale shopping and dining downtown. The beachy/surfer feel of this community is what draws folks.

Tish - the San Elijo Lagoon area where I took that is a spectacular preservation effort. The visitors center is very ecologically grounded.

Elizabeth - what a nice compliment. I love this community!

Nevin - and of course YOU know this community, too.

Lynda - I am not sure of the population but it's probably no more than 10-12,000

Jeff

Feb 07, 2011 03:06 PM #6
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Jeff Dowler, CRS

The Southern California Relocation Dude
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