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

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

 

Cardiff Real Estate Market Report for October 2011

Cardiff Homes for Sale - Homes for Sale in Cardiff

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 October 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

8 (down 50%)     

4 (down 56%)

4 (down 43%)

Average $

$580,187 (down 9%)

$748,125 (no change)

$412,250 (down 16%)

DOM

91

102

81

Sale $/List $ Ratio

95%

94%

96%

 

The number of homes sold in Cardiff in October was half the number sold in September. Average sales prices declined fairly substantially for attached homes but remained unchanged for single family detached homes. 38% of the home sold were short sales in October. Given the very small number of homes sold, especially for attached homes, however, it is unwise to draw any conclusions about trends, especially given pricing.

At the end of October 2011 there were 7 homes in the Cardiff real estate market with a Contingent status, 1 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 October 2011 there were 53 Cardiff homes for sale, 13% fewer than last month, the second month of inventory decline, thus the inventory has become more competitive in the Cardiff real estate market. This represents an inventory of only 4.3 months for attached homes (up from 3.6 months last month) and 4.2 months for detached homes (down from 5.2 months in September). 

12 Cardiff homes came on the market in October, 50% more than new listings in September. 9 homes went pending in October as compared to 8 in September. 

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. 

 

SEARCH FOR HOMES FOR SALE IN CARDIFF BY THE SEA CALIFORNIA

 

READ MORE:

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

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

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

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

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

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

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
California San Diego County Cardiff by the Sea
Groups:
Posts to Localism
CALIFORNIA REAL ESTATE
Market Updates
Local Expert
HyperLocal Neighborhood and Community Posts
Tags:
cardiff real estate
cardiff homes for sale
market reports
homes for sale in cardiff

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,541,335
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

WOW Jeff, That is a surprising report. And November ? where did it go, :-)

I also wanted to stop over and wish you and your entire family a wonderful and Happy Thanksgiving Jeff!

Nov 23, 2011 10:10 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,986,162

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information