What’s My Cardiff-by-the-Sea Home Worth? Market Report December 2016

By
Real Estate Agent with Solutions Real Estate CalBRE License #01490977

What’s the Value of My Cardiff-by-the-Sea Home?

 

Cardiff home searchBuyers and sellers in the Cardiff real estate market need information about local and current market conditions in order to make informed decisions about Cardiff homes for sale

 

The Cardiff-by-the-Sea housing 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 Cardiff properties for sale, and market fluctuations.

 

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

 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 2016 based on information provided by the MLS (private sales are not included).

 

TOTAL HOMES SOLD

6 (down 25%); Ave. 37 Days on Market, Ave. Sales Price $1,844,500 (up 73%); Ave. sale 98% of asking price

 

Detached Homes Sold

6 (no change) Ave. 37 Days on Market, Ave. Sales Price $1,844,500 (up 49%); Ave. sale 98% of asking price

 

Attached Homes Sold

0 (down 100%); Ave. 0 Days on Market, Ave. Sales Price $0.00

 

Cardiff By The Sea homes 

 

The overall volume of sales in Cardiff decreased significantly from last month, and interesting all home sales were single family detached, with no attached homes sold in December. 33% of the homes sold in December were cash transactions, compared to 13% in November. 1 home sold for asking price, and 1 sold for 102% of asking.

 

Average sales prices increased significantly for detached homes, in large part due to the sale of 2 homes over $2M - 1 at $2.395M and 1 at $3.535M that raised the average substantially. No attached homes sold in December.

 

At the end of December 2016 there were 0 homes in the Cardiff housing market with a Contingent status (i.e., short sale and REO homes that have accepted offers being reviewed by the lenders) as compared to 1 last month.

 

As of December 2016 there were 20 Cardiff homes for sale, a decline in inventory by 13%, the 5th consecutive drop. This represents an inventory of 1.4 months for attached homes (up from less than 1 month last month), and 2 months for detached homes (up from 1.9 months last month).  The Cardiff market remains very competitive for buyers, and is a strong seller’s market.

 

14 Cardiff homes came on the market in December, more than twice the number of new listings in November. 3 homes went pending in December (not counting those that sold), half the number of pendings in November!

 

READ MORE:

How Important is Inventory when Buying or Selling? Very!!

 

Data are based on information provided by the MLS for homes. 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, I am happy to provide detailed reports on these specific areas for you.

 

HOMES FOR SALE IN CARDIFF BY THE SEA CALIFORNIA

 

READ MORE:

What’s My Cardiff-by-the-Sea Home Worth? Market Report for November 2016

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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You show the mark of a true professional with all of your market research and reports Jeff Dowler 

Jan 03, 2017 09:07 PM #1
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Love the average DOM and a 1.4 month supply is a sellers' dream in Cardiff by the Sea!  As always, great report, Jeff!

Jan 03, 2017 10:02 PM #2
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Jeff, there is no doubt that housing sales slowed down with the holidays but it still was a good month in home sales in Cardiff at those prices!  To a great year.

Jan 04, 2017 05:12 AM #3
Rainmaker
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Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Jeff, your knowledge on the Cardiff By The Sea Market is impressive. No stone left unturned and a very clear picture that now is a great time to list. All potential sellers need to do is contact you.

Jan 04, 2017 07:35 AM #4
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Thank you kindly Paul S. Henderson, REALTOR®, Broker, Tacoma Washington  - I like to watch the local trends each month - there are always some shifts going on

Thanks Debe Maxwell  - yep, inventory in Cardiff by the Sea is pretty tight

Jeff

Jan 05, 2017 09:16 AM #5
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Thanks Ginny Gorman  - the slow down is expected and happens every year but things are still pretty brisk and I expect that to continue in 2017. We do need more inventory

Thank you for the kind words Amanda S. Davidson The town is pretty small, and quaint, with some terrific ocean view properties and a neat downtown. I love showing and selling here.

Jeff

Jan 05, 2017 09:53 AM #6
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Wow, Jeff Dowler - impressive market report of Cardiff By The Sea.

Nice idea to share the last years report - (would love to see in the new window.)

Feb 02, 2017 11:55 PM #7
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Praful Thakkar 

I changed to a new window rather than opening in the same window - my mistake. But the report IS for the prior month. Is that what you meant?

Jeff

Feb 03, 2017 07:09 AM #8
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