What’s My Cardiff-by-the-Sea Home Worth?  Market Report February 2021

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

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

Cardiff Home Sales for February 2021

 

It’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 buying and selling 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.

 

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 February 2021 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 14 sales in February, up 56% from January.

 

Single Family Homes Sold

11 (up 83%); Average Days on Market was 21; Average Sales Price was $1,907,000 (down 23%); Average sale price was 98% of the original asking price

Condos, Townhomes & Duplexes Sold

3 (no change); Average Days on Market was 2; Average Sales Price was $773,333 (down 16%); Average sale price was 107% of original asking price (1 at 110%).

 

The overall volume of sales in Cardiff rose from last month, with more single family homes sold. The average sales price declined for single family homes (no doubt due, in part, to the sale of 4 homes last month for over $2M each that raised the average), and also declined for condos, townhomes and duplexes. Sales prices ranged from $745,000 to $3,630,000.

 

The median sales price for single family homes was $1,800,000 (down 23%), and $765,000 (down 4%) for condos, townhomes and duplexes.

 

At the end of February 2021 there were 2 homes in the Cardiff housing market with an Active Under Contract status, compared to 1 last month.

 

At the end of February there were 14 Cardiff homes for sale, 2 more than last month. These listings range in price from $999,000 to $4,495,000

 Condos in Cardiff by the Sea

There are 1.1 months of inventory for condos, townhomes and duplexes (an increase from only 6 days last month) – with 4 listings when this report was created - and 26 days for single family homes (compared to 25 days last month), based on the rate of sales over the last 3 months.

 

The Cardiff by the Sea housing remains a very strong sellers market.

 

Some buyers were able to negotiate the sales price, while 8 paid full price or higher for their new homes (1 townhome sold at 110% of the list price). At this time buyers can expect to be in competition with others, with multiple offers very likely. They also need to make decisions quickly – 7 of the homes went pending in 1 week or less (50%).

 

15 Cardiff listings came on the market in February, compared to 17 in January. 12 homes went pending in February (not counting homes that sold), versus 15 in January, so it was still a fairly busy month for sellers and buyers.

 

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 reports on these neighborhoods, 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, especially given the market shifts Cardiff has experienced so far this year.

 

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.

 

I invite you to reach out to me at (760) 840-1360 so we can discuss your specific housing needs, lifestyle, and budget, answer all of your questions, and then create a strategy to help you buy and/or sell your Cardiff by the Sea home.

 

SEARCH HOMES FOR SALE IN CARDIFF BY THE SEA

 

READ MORE:

What’s My Cardiff-by-the-Sea Home Worth? Market Report for January 2021

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (8)

Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Thank you Jeff Dowler, CRS for sharing your Cardiff-by-the-Sea market report for February with us. You are a true professional 🙂

Mar 03, 2021 07:52 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Paul S. Henderson, REALTOR®, CRS 

It's a neat community with a cool surfing history and culture.

Jeff

Mar 03, 2021 11:27 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.

Mar 04, 2021 02:45 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff Dowler, CRS always love your market reports as they make me nostalgic for when I used to live there.

Mar 04, 2021 06:36 AM
Roy Kelley
Retired - Gaithersburg, MD

Prospective home sellers will be in very good hands when they seek your professional real estate advice and assistance.

Mar 06, 2021 05:34 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff you better be on the listing side in this kind of market WOW average day TWO days on the market? Endre

Mar 06, 2021 10:15 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff and you are the Realtor to know what the homes are going for in your area.  

Mar 07, 2021 08:28 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeff Dowler, CRS - buyers better have everything and be ready to action as soon as a listing hits.

Mar 10, 2021 03:17 AM