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

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

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

Home Sales Report for December 2018

 

Cardiff Kook statueIf you are a buyer or seller in the Cardiff real estate market you need accurate and up to date information about the current local market conditions so you can make informed decisions about Cardiff homes for sale.

 

Local market conditions have a big impact on buying and selling decisions and you need to understand these circumstances and how they can impact you.

 

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 December 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). A total of 15 homes sold during December, more than double the number of sales in November.

 

Detached Homes Sold

13 (up 225%); Ave. 32 Days on Market, Ave. Sales Price $1,856,136 (down 8%); Ave. sale 91% of asking price

 

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

2 (no change) Ave. 22 Days on Market, Ave. Sales Price $1,150,000 (down 3%). Ave. sale was 96% of asking price

 

The overall volume of sales in Cardiff rose dramatically from last month; while attached home sales remained the sale there were far more detached homes sold in December, 3 times the number of November sales. 53% of the transactions in December were for cash, compared to 50% last month. 27% of the buyers paid asking price or better for their homes. The days on market decreased significantly from last month.

 

At the end of December 2018 there were no homes in the Cardiff housing market with a Contingent status, the same as last month (i.e., for the most part these are short sale and REO homes that have accepted offers being reviewed by the lenders, but some these days are first rights of refusal where offers have been accepted contingent on the sale of a buyer’s home).

 

As of the end of December 2018 there were 21 Cardiff homes for sale, down 22% last month but not a surprise given the holidays. This represents an inventory of 3.4 months for attached homes (down from 5.5 months last month), and only 1.3 months for detached homes (down from 2.6 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 detached homes but is a strong seller’s market for attached home buyers.

 

Cardiff homes on the lagoon

 

Only 4 Cardiff listings came on the market in December, compared to 10 last month so new listing activity slowed again – not unusual at holiday time. 5 homes went pending in December (not counting those that sold) also a decline in activity compared to 11 pendings in November.

 

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.

 

Due to the 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 high and low end homes each month, especially when 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 November 2018

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Rainmaker
5,042,833
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jeff Dowler, CRS future buyers and sellers should appreciate the valuable information you've provided here, and they'd be wise to use you for guidance.... the agent of choice should be one who is most familiar with an area, and that's you, Jeff, in the Cardiff by the Sea real estate market.... once they call you and have a conversation, they'll clearly understand they made the right call!!!

Jan 03, 2019 03:45 AM #1
Rainmaker
3,307,045
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Real estate is local and local knowledge is key. When it comes to Cardiff by the Sea, that's you! Enjoy your day!

Jan 03, 2019 04:42 AM #2
Rainmaker
1,523,647
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Jeff, I always find your market reports easy to understand and packed with valuable information. You don't just share the numbers, you share the story behind them. For the best representation in Cardiff By The Sea you're the agent to contact. 

Jan 03, 2019 05:37 AM #3
Rainmaker
1,238,177
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Jeff Dowler, CRS - You can't go wrong living at the beach and Cardiff by the Sea is another great choice that you can direct your clients. 

Jan 03, 2019 07:32 AM #4
Rainmaker
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Francine Viola
Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA
REALTOR®, In Tune with your Real Estate Needs

I love reading and learning about the markets around the country.  Thanks for the great summary for Cardiff by the Sea!

Jan 03, 2019 12:14 PM #5
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thank you kindly Barbara Todaro . Cardiff by the Sea is a cool little town, but not an inexpensive one!

Jeff

Jan 05, 2019 07:43 AM #6
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the compliment Wayne Martin 

I appreciate the kind words Amanda S. Davidson Despite the limited inventory there are some great options!

Jeff

Jan 05, 2019 07:44 AM #7
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri Sperry - MCNE®  Buyers love the views in this town, and the small downtown area. But it's not right for everyone!

Jeff

Jan 05, 2019 07:45 AM #8
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks Francine Viola for stopping by. I think it helps to better understand other markets and what's going on around the country.

Jeff

Jan 05, 2019 07:47 AM #9
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