What’s My Cardiff-by-the-Sea Home Worth? Market Report February 2019

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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?

Cardiff Home Sales for February 2019

 

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 February 2019 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 7 homes sold during February, down by 2 (22%) from the number of sales in January.

 

Detached Homes Sold

4 (down 33%); Ave. 34 Days on Market, Ave. Sales Price $1,310,625 (down 27%); Ave. sale 97% of asking price

 

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

3 (no change) Ave. 22 Days on Market, Ave. Sales Price $649,666 (down 56%). Ave. sale was 98% of asking price

 

The overall volume of sales in Cardiff dropped modestly from last month (but the month was a little shorter); while attached home sales did not shift, there were 2 fewer detached homes sold in February. 14% of the transactions in February were for cash, compared to 22% last month. 43% of the buyers paid asking price or better for their homes. Marketing time decreased markedly from last month for both detached single family homes and attached homes.

 

At the end of February 2019 there was 1 home in the Cardiff housing market with a Contingent status, compared to none for the last 2 months (i.e., for the most part these are short sale and REO homes that have accepted offers being reviewed by the lenders, but some are first rights of refusal where offers have been accepted contingent on the sale of a buyer’s home). This home is a first right of refusal due to a contingent offer.

 

As of the end of February 2019 there were 23 Cardiff homes for sale, up substantially by 48% from last month. This represents an inventory of 4.9 months for attached homes (up from 3.4 months last month), and 2.7 months for detached homes (up from 1.8 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 detached homes and is a seller’s market for attached home buyers.

 

Cardiff home

 

21 Cardiff listings came on the market in February, more than double the number in January, which is good news for buyers. 9 homes went pending in February (not counting those that sold), the same number of pendings as in January.

 

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 questions, and create a plan to help you buy or sell your Cardiff home in 2019.

 

Due to the small volume of sales one should not 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 priced 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 January 2019

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Rainer
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Mar 05, 2019 07:55 AM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks for stopping by Sally Crane 

Cardiff is a neat community with a range of options for buyers...but a small town so limited inventory.

Jeff

Mar 07, 2019 07:11 AM #2
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Jeff Dowler, CRS

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What's my Carlsbad CA Area Home Worth??
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