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

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

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

Cardiff by the Sea Home Sales for March 2019

 

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

 

Local market conditions have a big impact on buying and selling – inventory, pricing, competition, time on market - and you need to understand these circumstances and how they could affect your purchase or sale.

 

Learn 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 March 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 15 homes sold during March, more than double the number of sales in February (up 114%).

 

Detached Homes Sold

10 (up 150%); Average of 34 Days on Market, Average Sales Price $1,488,085 (up 14%); Average sale 95% of original asking price

 

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

5 (up 67%); Average of 34 Days on Market, Average Sales Price $1,172,487 (up 80%). Average sale was 97% of original asking price

 

The overall volume of sales in Cardiff rose significantly from last month, but especially for detached single family homes. 40% of the transactions in March were for cash, compared to 14% last month. While home buyers negotiated between 3 and 5% of the original asking price, on average, 33% of the buyers paid asking price or better for their homes. The time on market did not shift from last month for detached single family homes but was longer for attached homes, but both were around 1 month.

 

 

At the end of March 2019 there were no homes in the Cardiff housing market with a Contingent status, compared to 1 last month (i.e., some Contingent listings are short sale and REO homes that have accepted offers being reviewed by the lenders, but these days most tend to be first rights of refusal where offers have been accepted that are contingent on the sale of a buyer’s home).

 

Cardiff contemporary house

 

As of the end of March 2019 there were 33 Cardiff homes for sale, another significant bump up in inventory (up 43%), the most inventory we have seen since August 2018. This represents an inventory of 3.8 months for attached homes (down from 4.9 months last month), and 2.9 months for detached homes (up from 2.7 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.

 

20 Cardiff listings came on the market in March, 1 less than in February. 13 homes went pending in March (not counting those that sold), an increase in pendings by 44% from February, and another sign of our active Cardiff housing market.

 

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.

 

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/or low priced homes each month, especially when sales volume is low.

 

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.

 

SEARCH HOMES FOR SALE IN CARDIFF BY THE SEA

 

READ MORE:

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Cardiff by the Sea
Groups:
CALIFORNIA REAL ESTATE
Market Updates
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
homes for sale in cardiff by the sea
cardiff by the sea beach homes for sale
cardiff by the sea real estate market

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,167,038
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. The California numbers continue to impress. 34 must be the lucky number! Enjoy you day!

Apr 02, 2019 04:46 AM #1
Rainmaker
1,515,133
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Ashburn, VA
Alexandria Virginia Homes For Sale

Hi Jeff, homeowners that are considering selling their Cardiff By The Sea home would be wise to contact you and enlist your expertise. The market conditions are prime for sellers and your in-depth understanding of the local area and trend is a priceless asset to anyone that works with you. 

Apr 02, 2019 05:37 AM #2
Rainmaker
1,153,724
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - I enjoyed the video. It gives the viewer a snapshot look at Cardiff By The Sea. But getting with you the expert,  will really help the buyer know exactly what they are looking for and who will help them be successful...  

Apr 02, 2019 10:53 AM #3
Ambassador
1,905,662
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Watching that video Jeff Dowler, CRS  I was getting ready to pack my bags. Are you sure you don't need an assistant? Well if and when you do please be sure to let me know It will not take me long to pack up. 

Apr 14, 2019 02:06 PM #4
Rainmaker
662,408
Laura Filip
Laura Filip Broker , Opening doors for All Seasons of Life - Whitesboro, TX
What can we do for you today?

Thank you for sharing the information about your community. It is very helpful. Love the video very upbeat and shows the community well. 

Apr 14, 2019 06:15 PM #5
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,913,979

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information