Cardiff Homes for Sale - What Happened in the Cardiff Real Estate Market in July 2012?

Buyer and sellers in the Cardiff real estate market, need information about the current market conditions in order to make an informed decisions about Cardiff homes for sale. 

The Cardiff real estate market is small and very localized, and finding comparables for determining price for either a listing or a purchase can be tricky due to limited inventory, the diversity of homes for sale, and market fluctuations. 

Want to learn more about Cardiff-by-the-Sea? 

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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 July 2012 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

The number of homes sold in Cardiff in July declined. In contrast, average sales prices rose across the board. Buyers did not negotiate much on their sales, on average only 1-2% off the asking price. Given the very small number of homes sold, it is unwise to draw any conclusions about trends, especially given pricing.

At the end of July 2012 there were 5 homes in the Cardiff real estate market with a Contingent status, less than half that of last month (i.e., short sale and REO homes that had accepted offers being reviewed by the lenders). Until approved these homes are considered active and are included in the Active statistics below. 

As of July 2011 there were 37 Cardiff homes for sale, down 20% from last month (46). This represents an inventory of only 2.8 months for attached homes (down from 3.6 months last month), and 4.1 months for detached homes (down from 4.7 months in June).  The Cardiff real estate market, at the moment, is becoming more competitive for buyers, particularly for attached homes/condos!

15 Cardiff homes came on the market in July, 2 fewer (12%) than last month. 12 homes went pending in July, 3 times the number of homes going pending in June

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.

HOMES FOR SALE IN CARDIFF BY THE SEA CALIFORNIA

READ MORE:

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in June 2012?

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in May 2012?

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in April 2012?