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

By
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 May 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 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 May 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 16 homes sold during May, more than double the number of sales in April (up 128%).

 

Detached Homes Sold

8 (up 33%); Average of 9 Days on Market, Average Sales Price $1,374,250 (down 52%); Average sale 96% of original asking price

 

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

8 (up 700%); 40 Days on Market, Sales Price $1,190,125 (up 47%); Sale was 99% of original asking price

 

The overall volume of sales in Cardiff rose significantly from last month, but especially for attached single family homes (rising from 1 sale to 8). 19% of the transactions in May were for cash, compared to 29% last month. Average sales price dropped substantially for detached homes but this was likely due to the sale of 4 homes last month for more than $2.5M, with 1 at $5.9M, that had raised the average substantially compared to this month.

 

Home buyers negotiated between 1 and 4% of the original asking price, on average, with 5 buyers (31%) paying full price or better. The time on market decreased significantly from last month for detached single family homes but rose, just slightly, for attached homes.

 

At the end of May 2019 there was 1 home in the Cardiff housing market with a Contingent status, a sale subject to court approval, the same as 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 right of refusals where offers have been accepted that are contingent on the sale of a buyer’s home).

 

Cardiff by the Sea homes by the lagoon

 

As of the end of May 2019 there were 36 Cardiff homes for sale, the same as in April. This represents an inventory of only 1.5 months for attached homes (down from 3.3 months last month), and 3.4 months for detached homes (the same as last month) based on the rate of sales over the last 3 months. The Cardiff market remains a seller’s market for buyers especially for attached homes.

 

24 Cardiff listings came on the market in May, 8% fewer than in April. 9 homes went pending in May (not counting those that sold), less than half the number of pendings in April.

 

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 relatively 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 and budget, answer all of your questions, and create a plan to help you buy and/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 April 2019

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Rainmaker
3,207,423
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff I always had a special place in my heart for Cardiff by the Sea. Hence I always enjoy  reading your market trends report about this great area, Endre

Jun 06, 2019 11:20 PM #1
Rainmaker
3,265,885
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Keep those sales on the upswing Jeff Dowler, CRS and enjoy all the benefits !

Jun 07, 2019 03:10 AM #2
Rainmaker
5,028,837
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Need to know what your Cardiff by the Sea home is worth? well, the ONLY agent to call for the truth and the best guidance with selling that home would be Jeff Dowler, CRS ... but I'm sure you've already heard this fact.

Jun 07, 2019 03:37 AM #3
Rainmaker
3,296,404
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Demand high and supply low. A California fact and prices remain high! Enjoy your day!

Jun 07, 2019 05:19 AM #4
Rainmaker
1,938,326
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jeff Dowler, CRS - with the tight sellers market in Cardiff both buyers and seller should call you first.

Jun 07, 2019 09:36 AM #5
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks Endre Barath, Jr.  Cardiff is a cool little town - hopefully it will remain that way, as many wish.

Jeff

Jun 07, 2019 04:39 PM #6
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thank Sally K. & David L. Hanson  There are some good opportunities there, and some terrific ocean views.

jeff

Jun 07, 2019 04:39 PM #7
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Barbara Todaro  - thank you for the kind words!

Wayne Martin  - that's all very true!

Have a terrific weekend!

Jeff

Jun 07, 2019 04:41 PM #8
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Grant Schneider 

Thank you for the compliment.

Hope you have a wonderful weekend!

Jeff

Jun 07, 2019 04:46 PM #9
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I also love hearing about this spot. It sounds so idyllic - even the name conjures up beautiful images. I like your advice about not jumping to conclusions regarding values - so true. That's why they need to call you for more clarification. 

Jun 08, 2019 08:16 AM #10
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