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

Home Sales for September 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 your purchase and/or sale.

 

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 September 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 8 homes sold during September, down 27% from last month.

 

Detached Homes Sold

5 (down 29%); Average of 38 Days on Market, Average Sales Price $1,086,000 (down 41%); Average sale was 91% of original asking price

 

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

3 (down 25%); 43 Days on Market, Sales Price $1,306,666 (up 38%); Sale was 100% of original asking price

 

The overall volume of sales in Cardiff was down from last month, with a drop in both detached home sales and attached sales. 25% of the transactions in September were for cash, compared to 18% last month. The average sales price for detached homes dropped significantly, no doubt due to the high average last month due to the sale of 5 homes over $1.3M (including 1 at $3.25M and 1 at $2.998M); the average attached home sales price was higher in September.

 

Home buyers negotiated up to 9% off the original asking price, on average; 1 attached home buyer paid well over asking price. The average time on market decreased from last month for the detached single family homes but rose for the attached home sales.

 

At the end of September 2019 there was 1 home in the Cardiff housing market with a Contingent status, a short sale, compared to none for the last 2 months (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).

 

Park Place in Cardiff by the Sea

 

As of the end of September 2019 there were 38 Cardiff homes for sale, 14% fewer than in August; homes range in price from $615,000 to $4,695,000. This represents an inventory of 3.8 months for attached homes (up from 2.6 months last month), and 3.8 months for detached homes (up from 3.7 months last month) based on the rate of sales over the last 3 months. The Cardiff market remains a seller’s market overall.

 

10 Cardiff listings came on the market in September, a little more than half the number of new listings in August. 9 homes went pending in September (not counting those that sold), 23% fewer than 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 August 2019

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (13)

Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Jeff,  Thanks for sharing your market report.  What valuable information for buyers and sellers in your area.  I am sure it is much appreciated.

Oct 05, 2019 06:01 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Bob Crane 

Thank you. I know you are up to date on the market data for your area, and we both know how important it is for buyers, sellers and prospects.

Enjoy your weekend!

Jeff

Oct 05, 2019 07:54 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Jeff.

Any idea of why the downturn?  Have a great Sunday

Oct 06, 2019 02:15 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Jeff Dowler, CRS the ideal way to find out what your Cardiff By The Sea home is worth is to call Jeff Dowler....his presentation is thorough and detailed....you'll have the information you need to make the right decisions...

Oct 06, 2019 03:42 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

That is a wide range in price from $616k to over $4.6 million.  I would love to see both of them for a comparison.  Thank you for the update!

Oct 06, 2019 05:51 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff,  You always have great information for people buth buyers and sellers in your area.  Good Job!

 

Oct 06, 2019 08:18 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi James Dray 

I suspect many of the sales were homes that went pending in August...a slower month with the summer and kids heading back to school. PLus we had the Labor Day holiday.

Jeff

Oct 06, 2019 08:58 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the kind words Barbara Todaro 

Raymond Henson  they range from a smallish condo to a pretty impressive ocean view home built in 2017.

Jeff

Oct 06, 2019 09:04 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for stopping by Will Hamm and for the compliment!

Enjoy the rest of your weekend!

Jeff

Oct 06, 2019 09:05 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Great information for anyone thinking of buying or selling in Cardiff by the Sea, Jeff. Love the community information combined with the market data - something everyone is interested in.

Have a great week ahead!

Oct 06, 2019 10:07 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

This is valuable real estate market data for home buyers and sellers in Cardiff by the Sea, Jeff.

Oct 09, 2019 07:22 PM