What’s My Cardiff-by-the-Sea Home Worth? Market Report March 2017

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

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

 

Cardiff Kook statueBuyers 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 local, 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

 

Enjoy the Cardiff lifestyle slide show below:

 

 

Here is a summary of the Cardiff real estate market for March 2017 based on information provided by the MLS (private sales are not included).

 

TOTAL HOMES SOLD

11 (up 71%); Ave. 25 Days on Market, Ave. Sales Price $1,063,363 (up 5%); Ave. sale 97% of asking price

 

Detached Homes Sold

5 (up 400%); Ave. 22 Days on Market, Ave. Sales Price $1,158,000 (down 45%); Ave. sale 93% of asking price

 

Attached Homes Sold

6 (no change); Ave. 27 Days on Market, Ave. Sales Price $984,500 (up 18% from last month’s 1 sale). Ave. sale 100% of asking price

 

Cardiff homes 

 

The overall volume of sales in Cardiff went up significantly from last month. There were 5 times as many detached homes sold (but keep in mind only 1 sold in February) while the number of attached sales did not change. 18% of the homes sold in March were cash transactions, compared to 29% in February. 6 homes (4 of them attached) sold for asking price or better.

 

At the end of March 2017 there were 2 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), compared to none for the last several months.

 

As of the end of March 2017 there were 23 Cardiff homes for sale, a 21% increase in inventory from February, another increase and more good news for buyers! This represents an inventory of 1.1 months for attached homes (up from less than 1 month last month), and 3.8 months for detached homes (up from 3.1 months last month).  The Cardiff market remains very competitive for buyers, and is a strong seller’s market, in particular for buyers of attached homes.

 

14 Cardiff homes came on the market in March, compared to 23 in February. 8 homes went pending in March (not counting those that sold), compared to 11 in February.

 

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 February 2017

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


Call or Text
(760) 840-1360

Email Me

Enjoy the beach life in Carlsbad, Oceanside, Encinitas,
San Marcos & other
North San Diego County coastal
& inland communities

Buy - Sell - Invest - Second Homes  

     

About Me

My Blog

My Website

  Jeff Dowler's Facebook Profile  Jeff Dowler's YouTube Profile    Jeff Dowler's LinkedIn Profile

 

Comments (2)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Jeff -- when dealing with small numbers, having a local expert such as yourself benefits those interested in making a move in place such as Cardiff-By-The-Sea.  Knowing the nuances and overall trends of a community underscores the value you bring those fortunate enough to have you representing them.  

Apr 04, 2017 07:50 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Michael Jacobs 

Thanks for stoppping by. It's a rather unique community due to size and inventory and any shifts always impact the statistics but perhaps mask the underlying trends.

Jeff

Apr 04, 2017 07:56 AM