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

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

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

Cariff Home Sales for September 2018

 

Caardiff Kook statueBuyers 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 buying and/or selling 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 September 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

5 (down 69%) Ave. 29 Days on Market, Ave. Sales Price $1,545,000 (up 31%); Ave. sale 96% of asking price

 

Detached Homes Sold

3 (down 62%); Ave. 44 Days on Market, Ave. Sales Price $1,611,666 (up 11%); Ave. sale 92% of asking price

 

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

2 (down 75%); Ave. 7 Days on Market, Ave. Sales Price $1,445,000 (up 62%). Ave. sale was 102% of asking price

 

The overall volume of sales in Cardiff dropped dramatically from last month for both detached and attached homes. None of the transactions in September were for cash, which is unusual, compared to 19% last month. 1 twin home sold for asking and 1 sold for over asking; all the detached homes sold under list price. The days on market increased for detached homes, but dropped substantially for the attached homes.

 

At the end of September 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), the same home for the last 2 months. This home is actually contingent on the sale of buyer’s home, with a first right of refusal.

 

As of the end of September 2018 there were 31 Cardiff homes for sale, down 21% from last month. This represents an inventory of 1.9 months for attached homes (up from 1.8 months last month), and 3.6 months for detached homes (down from 4.2 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 is a seller’s market for detached homes.

 

Cardiff by the Sea homes

 

Only 8 Cardiff listings came on the market in September, compared to 20 last month. 13 homes went pending in September (not counting those that sold) compared to 6 in August.

 

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 dramatically affected by the sale of either high and low end homes each month, even more so when the sales volume is low.

 

SEARCH HOMES FOR SALE IN CARDIFF BY THE SEA

 

READ MORE:

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

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Rainmaker
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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 the information and update about the Cardiff-by-the-Sea real estate market.

Oct 07, 2018 03:43 AM #1
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff,  Great information for buyers and sellers in your area and us here in the Rain.

 

Oct 08, 2018 07:58 AM #2
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