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

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Real Estate Agent with Solutions Real Estate CalBRE License #01490977

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

Home Sales for May 2018

 

Cardiff Kook status in Cardiff by the SeaBuyers 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.

 

 

 

Read More 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 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

7 (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.

 

Cardiff by the Sea views

 

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.

 

SEARCH HOMES FOR SALE IN CARDIFF BY THE SEA

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Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Always good to be in the loop. Thank you for keeping us posted!

Jun 02, 2018 10:12 AM #1
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I hope buyers and seller will call you for more information on Cardiff-by-the-Sea. Have a good rest of the weekend.

Jun 02, 2018 06:10 PM #2
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Thanks for stopping by Jeremy K. Frost 

Thanks for the kind words Debbie Reynolds  You as well.

Jeff

Jun 03, 2018 09:14 AM #3
Rainmaker
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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.

Jun 04, 2018 01:30 PM #4
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Jeff Dowler, CRS

The Southern California Relocation Dude - Carlsbad
What's my Carlsbad CA Area Home Worth??
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