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

Cardiff Homes Sales July 2018

 

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

 

 

 

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 July 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

14(up 40%) Ave. 20 Days on Market, Ave. Sales Price $1,183,200 (up 9%); Ave. sale 97% of asking price

 

Detached Homes Sold

5 (up 25%); Ave. 11 Days on Market, Ave. Sales Price $1,322,400 (down 23%); Ave. sale 97% of asking price

 

Attached Homes (condos, town homes, twin homes) Sold

9 (up 50%); Ave. 24 Days on Market, Ave. Sales Price $1,271,833 (up 53%). Ave. sale was 97% of asking price

 

The overall volume of sales in Cardiff shifted up from last month, and for both detached and attached home sales. 29% of the transactions in July were for cash, compared to 50% last month. 29% of the homes sold for asking price or more. The days on market dropped across the board.

 

At the end of July 2018 there was 1 home 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), compared to 2 last month. This home is actually contingent on the sale of buyer’s home and there is a first right of refusal.

 

Cardiff home

 

As of the end of July 2018 there were 31 Cardiff homes for sale, up by 2 homes (7%) from last month...good news for buyers and the most inventory we’ve seen in Cardiff in over a year. This represents an inventory of 1.6 months for attached homes (down from 2.5 months last month), and 4.6 months for detached homes (up from 4.6 months last month) based on the rate of sales over the last 3 months. The Cardiff market remains a strong seller’s market for buyers of attached homes, and a seller’s market for detached homes.

 

23 Cardiff listings came on the market in July, compared to 14 last month. 14 homes went pending in July (not counting those that sold) the same as in June.

 

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 2018.

 

Due to the overall small volume of sales one cannot draw firm conclusions about pricing and other trends in Cardiff by the Sea. Keep in mind that average prices can be affected by the sale of high and low end priced homes each month, sometimes significantly, especially when the volume of sales is small.

 

SEARCH HOMES FOR SALE IN CARDIFF BY THE SEA

 

READ MORE:

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

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Rainmaker
904,984
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Jeff Dowler, CRS - It is hard for me to get past the fact that homes in Cardiff by the Sea are over $1 million and on the market 3 weeks or less!  Amazing.  Now that is a hot market. 

Aug 06, 2018 02:20 PM #1
Rainmaker
3,475,958
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Jeff Dowler, CRS,

You have a market that isn't duplicated across the country. Low inventory and definitely a sellers market. I find it interesting you have have short sales and REO properties with the market so good. We have very few, most sellers can sell and break even if if they haven't made payments for awhile. Its amazing your average sold price is over a $1million in all type of homes!

Aug 06, 2018 03:22 PM #2
Rainmaker
4,086,988
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 

Aug 07, 2018 02:24 AM #3
Rainmaker
1,566,468
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Jeff - still a hot market.  I guess we will have to watch the next few months for conclusions on inventory and price.

Aug 07, 2018 09:52 AM #4
Rainmaker
2,916,453
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hello Jeff - lots of good details but in a very good format. Easy-to -read and understand. 

Aug 07, 2018 05:33 PM #5
Rainmaker
2,512,780
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Jeff Dowler, CRS more great information on the real estate market in Cardiff By The Sea.  Such a lovely sounding community...sounds just like HOME!

Aug 07, 2018 06:31 PM #6
Rainmaker
4,354,687
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Jeff.  Thanks for keeping us informed about the real estate market in Cardiff-by-the-Sea.

Aug 08, 2018 06:47 AM #7
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