What’s My Cardiff-by-the-Sea Home Worth? Market Report June 2020

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

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

Market Report June 2020

 

Cardiff Kook statue in Cardiff by the SeaIt’s important for buyers and sellers in the Cardiff real estate market to have accurate and current information about local market conditions in order to make informed decisions about Cardiff homes for sale.

 

Local market conditions will impact buying and selling in terms of inventory, pricing, competition, and time on market, and you should understand how these conditions can affect your buying and selling decisions. The pandemic is causing some market shifts as well!

 

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’s a summary of the Cardiff real estate market for June 2020 based on data provided by the MLS (private sales are not included; data are believed to be accurate as of this writing but are not guaranteed). There were 10 total sales in June, 1 more than in May.

 

Detached Homes Sold

7 (up 233%); Average of 12 Days on Market; Average Sales Price was $1,517,714 (up 6%); Average sale price was 98% of the original asking price.

 

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

3 (down 50%); Average of 65 Days on Market, Average Sales Price was $679,833 (down 41%); Average sale price was 98% of original asking price.

 

The overall volume of sales in Cardiff shifted up slightly from last month, with the number of detached home sales more than doubling, but with only half as many attached homes sold. Average marketing time was relatively short for the detached homes, while 2 of the 3 attached homes took more than 2 months to sell.

 

At the end of June 2020 there was 1 home in the Cardiff housing market with a Contingent status, a first right of refusal (i.e., some Contingent listings are short sale and REO homes with accepted offers being reviewed by the lenders, but often when they occur they are first right of refusals).

 

At the end of June there were 42 Cardiff homes for sale, just 2 fewer than last month, but still more inventory than we have seen in a long time. These listings range in price from $869,000 to $6,950,000. There are 4.2 months of inventory for attached homes (down from 4.8 months last month), and 8 months for detached homes (down from 12 months last month), based on the rate of sales over the last 3 months.

 

The Cardiff market favors sellers for attached homes, and for the 3rd month is a buyers’ market for detached homes based on the recent low sales volume, something we have not seen for a long time.

 

Cardiff homes on the lagoon

 

25 Cardiff listings came on the market in June, compared to 23 in May...more good news for buyers! 13 homes went pending in June (not counting the homes that sold), compared to 9 in May, so it was a relatively busy month for buyers making decisions.

 

Data are based on information provided by the MLS. If you would like more details about the Cardiff real estate market, as well as for specific areas including the Walking District and the Composer District, I am happy to provide detailed market reports on these neighborhoods for you. I am also here 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, especially given the pandemic and the market shifts Cardiff is experiencing. Let's talk if you have any questions!

 

Keep in mind that average prices are significantly affected by the sale of high and/or low priced homes each month, especially when sales volume is low as it has been.

 

I invite you to 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 2020.

 

Please know there are specific recommendations still in place, and some new procedures as the result of the pandemic that impact home purchases and sales in our area; I am happy to share that information with you and answer any questions about what this means for buyers and sellers.

 

SEARCH HOMES FOR SALE IN CARDIFF BY THE SEA

 

READ MORE:

What’s My Cardiff-by-the-Sea Home Worth? Market Report for April 2020

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (13)

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

Jeff good to see your face on the profile photo, not so good seeing the spamers commenting again, Endre

Jul 05, 2020 10:21 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Somewhere at sea and beyond the sea is waiting there for me like that song but I can’t remember the name of.

Jul 05, 2020 10:28 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It’s not ever a good look for spamming should be happening all over the place left and right. I think you can take care of it though.

Jul 05, 2020 10:29 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Jeff Dowler, CRS for those who are interested in receiving information about Cardiff-By-The-Sea, the ideal agent to reach out to for guidance and details would be you, Jeff.... that's your marketplace and you have the experience that it takes to market what you know best....

Jul 06, 2020 03:51 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. California always surprises me and the solutio for your area is to have your umber on speed dial. Makes me an instant expert. Enjoy your day!

Jul 06, 2020 05:14 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jeff Dowler, CRS - now is a good time for people who are really to go for a detached home.

Jul 06, 2020 05:38 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Looks very different to the Cardiff I remember from Wales as do the prices, but seems as if sales are picking up. Using Jeff Dowler to buy or sell is a smart move in the Cardiff by the Sea market

Jul 06, 2020 06:48 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff,  Good job of stacking those rocks in the first picture.  Hope your phone is ringing with clients today!

 

Jul 06, 2020 07:59 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - I have always wondered how much homes at the beach sell for during the summer months.  What is the increase in price? What are people willing to spend during the most beautiful months of the year? 

Jul 06, 2020 08:41 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Endre Barath, Jr.  - kinda late to the party here... yeo, those spammers never seem to quit.

Hi Laura Cerrano  - I agree with you about the spamming!!

Jeff

Jul 07, 2020 01:56 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Cardiff-by-the-Sea home buyers and sellers are sure to value your real estate market report, Jeff!

Jul 07, 2020 08:06 PM