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

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

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

Market Report May 2021

 

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 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

 

This i a summary of the Cardiff real estate market for May 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 13 sales in May, compared to 14 last month.

 

Single Family Homes Sold

12 (up 71%); Average Days on Market was 19; Average Sales Price was $2,527,338 (up 21%); Average sale price was 101% of the original asking price (1 home sold at 16% over asking price)

 

Condos, Townhomes & Duplexes Sold

1 (down from 7); 1 Day on Market; Sales Price was $700,000 (full price).

 

The overall volume of sales in Cardiff dropped by 1 from last month, with substantially more single family homes sold but far fewer condos, townhomes and duplexes. The average sales price was higher for single family homes (9 of the 12 sales were over $2M). Sales prices ranged from $688,500 to $3,825,000.

 

The median sales price for single family homes was $1,749,000 (up 34%); there is no median price for condos, townhomes and duplexes since there was only 1 sale.

 

At the end of May 2021 there was 1 home in the Cardiff housing market with an Active Under Contract status, versus 0 last month.

 

At the end of May there were 14 Cardiff homes for sale, a decline by 33% from last month. These listings range in price from $950,000 to $6,888,888.

 

 

 

There are 21 days of inventory for condos, townhomes and duplexes (compared to 28 days last month) – with only 3 listings when this report was created. There is 1 month of inventory for single family homes (compared to 6 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 down, however well over half, 62%, paid full price or higher for their new homes - 1 home sold at 116% of the list price. In this market buyers can expect to be in competition with others, with multiple offers very likely.

 

Cardiff buyers also need to make decisions quickly – 6 of the homes went pending in 7 days or less (46%).

 

13 Cardiff listings came on the market in May, compared to 20 in April. In contrast, 18 homes went pending in May (not counting homes that closed escrow), versus 9 in April, so it was another busy month for buyers and sellers.

 

Data are based on information in the MLS. If you would like more details about the Cardiff real estate market, or 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.

 

One should not draw firm conclusions about pricing, or other trends, in Cardiff by the Sea due to the small volume of sales. Tight inventory and strong buyer demand have resulted in a competitive market, with homes going pending quickly, often in less than a week, with multiple offers, and over-asking sale prices.

 

It’s important to keep in mind average sales 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 particular housing needs, lifestyle, and budget, answer all of your questions, and create a plan 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 April 2021

Comments (15)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I don't know this area well that much but it looks like a worthwhile place if I'm in the area and I'm a buyer. :

Jun 03, 2021 08:47 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It's a pretty cool place to be if it were me and I think somebody would be very lucky

Jun 03, 2021 08:57 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff loved your photo and funny part was I had a conversation with one of my clients who moved to Arizona and we discussed how for the past four years the value of all his investment properties went up 20-25% without doing anything so with that said he doubled his investment in the past four years... go figure, it just reminded me of the price increase you were showing... Endre

Jun 03, 2021 11:30 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Both buyers and sellers will appreciate your Cardiff By The Sea Home report, and know they can count on you for the best representation! 

Jun 04, 2021 04:21 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff! Looks as though you are keeping the market quite hot over there

Jun 04, 2021 08:52 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff and I hope your phone is ringing with sellers wanting to know the what their home is worth.

 

Jun 04, 2021 09:09 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - What struck me the most about your market report for Cardiff-by-the-Sea home and condos is your savvy disclaimer telling your clients not to draw firm conclusions about pricing.  This is where your expertise shows well.  Clients know they can trust what you say.  

Jun 04, 2021 10:22 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's a very cool beach town with a long surfing history, Laura Cerrano . Many like it, but it's not right for everyone!

Jeff

Jun 04, 2021 08:13 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Endre Barath, Jr. 

No doubt there are plenty of owners who have done well with the value of their homes even if they bought in the last few years.

Jeff

Jun 05, 2021 09:12 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400  - thank you for the kind words!

Rocky Dickerson  - no doubt about it. And it's hotter than our weather is - lots of May Gray and June Gloom this year.

Jeff

Jun 05, 2021 09:14 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Will Hamm  Thanks!

Sheri Sperry - MCNE® Thank you. It's particularly important in this market, and with the limited inventory.

Jeff

Jun 05, 2021 09:15 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Have an outstanding weekend.

Jun 05, 2021 01:10 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Jun 06, 2021 01:38 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Roy Kelley  Thank you for the kind words! Enjoy the rest of your weekend!

Hi Myrl Jeffcoat  I certainly hope that's the case.

Jeff

Jun 06, 2021 08:39 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Sunday morning, Jeff.

Have a great day and an outstanding week.

Jun 06, 2021 09:49 AM