What’s My Cardiff-by-the-Sea Home Worth?
Market Report December 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
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 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
7 (down 12%) Ave. 23 Days on Market, Ave. Sales Price $1,232,750 (down 14%); Ave. sale 95% of asking price
Detached Homes Sold
5 (down 29%); Ave. 14 Days on Market, Ave. Sales Price $1,301,850 (down 7%); Ave. sale 96% of asking price
Attached Homes Sold
2 (up 100%); Ave. 44 Days on Market, Ave. Sales Price $1,060,000 (down 34%). Ave. sale 92% of asking price
The overall volume of sales in Cardiff shifted down modestly from last month, with fewer detached single family homes sold but more attached (2 versus 1 last month!). 29% of the transactions in December were for cash, compared to 50% last month. 1 home sold for asking price. Average prices decreased across the board compared to November although 6 of the 7 homes sold for over $1 million.
At the end of December 2017 there was 1 home 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 none last month.
As of the end of December 2017 there were 22 Cardiff homes for sale, an 18% decrease in inventory from November following an increase for that month. This represents an inventory of 1.9 months for attached homes (up from 1 month last month), and 1.8 months for detached homes (down from 2.6 months last month) based on the rate of sales over the last 3 months. The Cardiff market remains very competitive for buyers, and is a very strong seller’s market for buyers of attached and detached homes.
8 Cardiff homes came on the market in December, compared to 18 last month (down 38%), creating a tighter housing market. 7 homes went pending in December (not counting those that sold), the same as last month.
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 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 November 2017
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