What’s the Value of My Cardiff-by-the-Sea Home?
Home Sales for May 2018
Buyers and sellers in the Cardiff real estate market need accurate and up to date information about local and current housing market conditions so they can make informed decisions about Cardiff homes for sale, whether buying, selling (or both) or investing.
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Here is a summary of the Cardiff real estate market for May 2018 based on information provided by the MLS (private sales are not included; data are believed to be accurate as of this writing but are not guaranteed).
TOTAL HOMES SOLD
8 (down 30%) Ave. 20 Days on Market, Ave. Sales Price $1,135,062 (up 26%); Ave. sale 96% of asking price
Detached Homes Sold
4 (up 100%); Ave. 32 Days on Market, Ave. Sales Price $1,551,125 (down 8%); Ave. sale 95% of asking price
Attached Homes Sold
4 (down 50%); Ave. 8 Days on Market, Ave. Sales Price $701,187 (up 3%). Ave. sale was 96% of asking price
The overall volume of sales in Cardiff shifted down from last month, in particular for attached home sales. 25% of the transactions in May were for cash, compared to 33% last month. 25% of the homes sold for asking price or more.
At the end of May 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 the last 4 months.
As of the end of May 2018 there were 17 Cardiff homes for sale, down 26% from last month. This represents an inventory of 1.8 months for attached homes (down from 3 months last month), and 2.7 months for detached homes (up from 2.3 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.
11 Cardiff homes came on the market in May, compared to 18 last month. 15 homes went pending in May (not counting those that sold) compared to 14 in April.
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 about the process and the local market conditions, and create a plan to help you buy or sell your Cardiff home in 2018.
It's important to keep in mind that due to the overall small volume of sales one cannot draw firm conclusions about pricing and other trends in Cardiff by the Sea.