What’s the Value of My Cardiff-by-the-Sea Home? Cardiff Home Sales for November 2017
Buyers and sellers in the Cardiff real estate market need accurate and up to date information about local and current market conditions so they can make informed decisions about Cardiff homes for sale.
Here’s More Information 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 November 2017 based on information provided by the MLS (private sales are not included; the data are believe to be accurate as of this writing but are not guaranteed).
TOTAL HOMES SOLD
8 (down 47%) Ave. 37 Days on Market, Ave. Sales Price $1,431,250 (up 36%); Ave. sale 104% of asking price
Detached Homes Sold
7 (down 30%); Ave. 32 Days on Market, Ave. Sales Price $1,404,142 (up 10%); Ave. sale 106% of asking price
Attached Homes Sold
1 (down 80%); Ave. 69 Days on Market, Ave. Sales Price $1,600,000 (up 169%). Ave. sale 93% of asking price
The overall volume of sales in Cardiff shifted down significantly from last month, especially for attached home sales (only 1 sale in December). 50% of the transactions in November were for cash, compared to 25% last month. 4 of the homes (50%) sold for asking price or better – a probate auction property sold for 150% of the asking price. Average prices increased across the board compared to October.
At the end of November 2017 there were no homes in the Cardiff housing market with a Contingent status (i.e., for the most part short sale and REO homes that have accepted offers being reviewed by the lenders), compared to 1 last month.
As of the end of November 2017 there were 22 Cardiff homes for sale, a 10% increase in inventory from October, a bit of a surprise given the time of year. This represents an inventory of 1 month for attached homes (down from 1.2 months last month), and 2.6 months for detached homes (up from 2 months last month). The Cardiff market remains very competitive for buyers, and is a very strong seller’s market for buyers of attached and detached homes.
13 Cardiff homes came on the market in November, compared to 12 last month (up 8%). 7 homes went pending in November (not counting those that sold), compared to 5 in October, a substantial increase by 40%.
Data are based on information provided by the MLS. If you would like more details about the Cardiff real estate market with regard to current activity as well as the specific areas including the Walking District and the Composer District, I am happy to provide detailed reports on these specific areas for you and to assist you with the sale or purchase of a home in Cardiff by the Sea. Please call me at (760) 840-1360 so we can discuss your housing needs, answer all your questions, and create a plan to help you buy or sell your Cardiff home in 2017.
Keep in mind that due to the overall limited volume of sales one cannot draw any firm conclusions about pricing and other trends.
HOMES FOR SALE IN CARDIFF BY THE SEA CALIFORNIA
READ MORE:
What’s My Cardiff-by-the-Sea Home Worth? Market Report for October 2017
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