Market Data for OCT and NOV 2006 - Cardiff, CA

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

Here are the market data for October and November from the MLS for Cardiff, CA. Of the coastal communities Caradiff has the tightest market, with the least inventory. In addition, prices here are remaining stable or increasing from month to month for the most part, although slowly.

However, keep in mind that due to the small inventory (and fewer sales proportionally), the data are more subject to fluctuation based on what happens from month to month. Again, it is best to watch the trends over longer periods of time rather than drawing firm conlusions from any given month.

AS OF OCT. 30, 2006

ATTACHED HOMES

DETACHED HOMES

Active

28

35

Sold in Last 6 Months

31

35

Sold/Pending

In Last 6 months

37

39

Absorption Rate (Solds)

163 days

180 days

Absorption Rate (Solds

Plus Pendings)

136 days

162 days

Average Days on Market

64

51

Median Price Change

From 1 Year Ago

4%

12%

Median Price

$560,000

$1,100,000

% Chgn. In MDN from prior month

0%

0%

Average Price

$642,564

$1,286,798

New to Market (Oct.)

5

9

Pending in Oct.

7 (2 new in Oct.)

3 (1 new in Oct.)

 

AS OF NOV. 30, 2006

ATTACHED HOMES

DETACHED HOMES

Active

24

39

Sold in Last 6 Months

32

31

Sold/Pending

In Last 6 months

42

37

Absorption Rate (Solds)

135 days

226 days

Absorption Rate (Solds

Plus Pendings)

103 days

190 days

Average Days on Market

66

61

Median Price Change

From 1 Year Ago

2%

18%

Median Price

$552,000

$1,150,000

% Chgn. In MDN from prior month

-1%

4%

Average Price

$630,925

$1,285,483

New to Market (Nov.)

999

11

Pending in Nov.

8 (1 new in Nov.)

4

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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