What’s My Cardiff-by-the-Sea Home Worth? Market Report February 2018

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 Home Sales for February 2018

 

Cardiff Kook statusBuyers and sellers in the Cardiff real estate market need accurate and up to date information about local and current market conditions in order to make informed decisions about Cardiff homes for sale.

 

 

 

 

Read 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 February 2018 based on information provided by the MLS (private sales are not included; the data are believed to be accurate as of this writing but are not guaranteed).

 

TOTAL HOMES SOLD  - 10 (up 30%) Ave. 22 Days on Market, Ave. Sales Price $1,095,000 (up 23%); Ave. sale 98% of asking price

 

Detached Homes Sold - 5 (up 25%); Ave. 12 Days on Market, Ave. Sales Price $1,342,600 (up 18%); Ave. sale 96% of asking price

 

Attached Homes Sold - 5 (up 67%); Ave. 32 Days on Market, Ave. Sales Price $847,400 (down 15%). Ave. sale 100% of asking price

 

The overall volume of sales in Cardiff shifted up fairly significantly from last month. 40% of the transactions in February were for cash, compared to 43% last month. 3 homes sold at or above asking price. Average prices increased for detached homes, but dropped on average for attached homes compared to January; 4 of the 10 homes sold for under $1 million.

 

At the end of February 2018 there were no homes in the Cardiff housing market with a Contingent status (i.e., for the most part these are short sale and REO homes that have accepted offers being reviewed by the lenders), the same as last month.

 

Cardiff by the Sea homes on the lagoon

 

As of the end of February 2018 there were 20 Cardiff homes for sale, a 25% increase in inventory from January, and good news for buyers. This represents an inventory of 1.5 months for attached homes (the same as last month), and 3 months for detached homes (up from 2.4 months last month) based on the rate of sales over the last 3 months. The Cardiff market remains a very strong seller’s market for buyers of attached and detached homes.

 

14 Cardiff homes came on the market in February, compared to 17 last month. Only 5 homes went pending in February (not counting those that sold) compared to 13 in January.

 

If you would like more details about the Cardiff real estate market in 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 by the Sea home in 2018.

 

Keep in mind that due to the overall limited volume of sales one cannot draw any firm conclusions about pricing and other trends.

 

SEARCH HOMES FOR SALE IN CARDIFF BY THE SEA

 

READ MORE:

What’s My Cardiff-by-the-Sea Home Worth? Market Report for January 2018

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (3)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Mar 03, 2018 04:13 PM
Joyce Marsh
Joyce Marsh Real Estate LLC - Ormond Beach, FL
Joyce Marsh Daytona Beach Area Florida Homes

Buyers and sellers always appreciate updated local real estate market information. They should consult with you before they make any major decisions 

Mar 04, 2018 12:21 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Gita Bantwal  I appreciate the kind words.

I hope they will Joyce Marsh, Daytona Beach Florida  - it's a pretty competitive market with limited inventory. The data, and the impact on buying and selling decisions, are important to understand.

Jeff

Mar 04, 2018 09:45 PM