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

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

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

Cardiff-by-the-Sea Home Sales for July 2019

 

Buyers 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 July 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 11 homes sold during July, 3 fewer than in June (down 21%).

 

Detached Homes Sold

10 (up 100%); Average of 30 Days on Market, Average Sales Price $1,330,350 (down 20%); Average sale was 95% of original asking price

 

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

1 (down 89%); 23 Days on Market, Sales Price $1,145,000 (down 7%); Sale was 92% of original asking price

 

The overall volume of sales in Cardiff dropped from last month, another drop, but this was due to a large drop in attached sales coupled with a big jump in detached home sales. 45% of the transactions in July were for cash, compared to 29% last month. The average sales price for both detached and attached homes dropped in July.

 

Home buyers negotiated between 5 and 8% of the original asking price, on average; 1 buyer paid full price and one went over asking for their new home. The average time on market increased from last month for the detached single family homes.

 

Cardiff house near the beach

 

At the end of July 2019 there were no homes in the Cardiff housing market with a Contingent status, like 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 when they occur most tend to be first right of refusals where offers have been accepted that are contingent on the sale of a buyer’s home).

 

As of the end of July 2019 there were 41 Cardiff homes for sale, the same as in June; homes ranged in price from $615,000 to $6,495,000. This represents an inventory of 2.2 months for attached homes (up from 1.9 months last month), and 3.7 months for detached homes (down from 4.6 months last month) based on the rate of sales over the last 3 months. The Cardiff market remains a seller’s market, which is especially true for attached home buyers.

 

18 Cardiff listings came on the market in July, 10% fewer than in June. 13 homes went pending in July (not counting those that sold), up by 8% from last month.

 

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 significantly affected by the sale of high and/or low priced homes each month, especially when sales volume is low.

 

Please reach out to me at (760) 840-1360 so we can discuss your housing needs, lifestyle, and budget, answer all of your questions, and create a strategy 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 June 2019

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (6)

Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS,

I like the way you included additional blogs to check out for the area Cardiff-by-the-Sea. This market is very active and healthy.  Buyers could use the experience of an agent like you to help them with their real estate decisions!

Aug 04, 2019 03:55 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri Sperry - MCNE® 

Thanks for the kind words. Cardiff is a unique town in some ways, and being small has limited inventory. The 2 neighborhoods I mentioned really do have their own feel!

Jeff

Aug 04, 2019 04:12 PM
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.

 

Aug 04, 2019 11:58 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Local knowledge and experience is key to offering up to date advice in a small inventory market. Buyers need your help. Enjoy your day 

Aug 05, 2019 05:33 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Sally Crane  I appreciate your stopping by.

Hi Wayne Martin  -  a point well made! Thanks!

Jeff

Aug 06, 2019 06:53 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

That's valuable real estate market data for home buyers and sellers in Cardiff by the Sea, Jeff.

Aug 10, 2019 04:42 PM