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

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 Home Sales for June 2021

 

Cardiff Kook Statue in Cardiff by the Sea CAIt’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 impact buying and selling in terms of inventory, pricing, competition, and time on market, and you should understand how these conditions 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 June 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 18 sales in June, 5 more (up 38%) than last month.

 

Single Family Homes Sold

13 (up by 1); Average Days on Market was 29; Average Sales Price was $2,679,443 (up 6%); Average Sales Price was 101% of the original asking price

 

Condos, Townhomes & Duplexes Sold

5 (up by 4); Average Days on Market was 7; the Average Sales Price was $1,499,200; the Average Sales Price was 104% of the original list price

 

The overall volume of sales in Cardiff increased significantly from last month, with 1 more single family home sold but several more sales of condos, townhomes and duplexes. The average sales price was higher for single family homes (8 sales were over $2M). Sales prices ranged from $797,000 to $4,010,000.

 

The median sales price for single family homes was $2,200,000 (up 26%), the median sales price for condos, townhomes and duplexes was $1,401,000.

 

At the end of June 2021 there were no homes in the Cardiff housing market with an Active Under Contract status, versus 1 last month.

 

At the end of June there were 15 Cardiff homes for sale, up slightly from last month (14). These listings range in price from $749,000 to $6,888,888. 

 

Cardiff homes by the lagoon

 

There are 24 days of inventory for condos, townhomes and duplexes (compared to 21 days last month). There is 1 month of inventory for single family homes (the same as 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 of the buyers, 72%, paid full price or higher for their new homes - 2 homes sold at 116% of the list price about $210,000 more than list price. In this market buyers can expect to be in competition with others, with multiple offers very likely. Buyers also need to make decisions quickly – 8 of the homes went pending in 7 days or less (44%).

 

17 Cardiff listings came on the market in June, compared to 13 in May. 10 homes went pending in June (not counting homes that closed escrow), versus 18 in May, so it was a 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 May 2021

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (10)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Good numbers for sure. Happy 4th. 

Jul 04, 2021 05:42 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

For all of your real estate needs in Cardiff by the Sea, the man to call is Jeff Dowler, CRS 

Jul 04, 2021 05:50 AM
Roy Kelley
Retired - Gaithersburg, MD

Home sellers are in very good hands when they seek your professional real estate advice and assistance.

Independence Day 2021

Jul 04, 2021 06:05 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. What is my Cardiff home worth? More than all but a select few can afford would be my answer. Enjoy your day!

Jul 04, 2021 06:46 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Bill Salvatore - YVP Blog  Thanks for stopping by. Have a wonderful July 4th!

Thank you for the kind words Brian England 

Jeff

Jul 04, 2021 08:56 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Roy Kelley  Happy July 4th to you and Dolores!

No doubt some would agree with you Wayne Martin  Have a wonderful holiday!

Jeff

Jul 04, 2021 09:20 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jeff just stopping by to wish you and your family a Happy 4th of July!!!

Jul 04, 2021 11:13 AM
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 04, 2021 01:16 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Looks like the market in Cardiff by the Sea continues to be strong! Have a great week

Jul 06, 2021 07:53 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Jeff Dowler, CRS - I can only dream what it's like to live by the sea. That photograph is gorgeous! There's something about having a home by the sea that it is very distinct and it must be absolutely beautiful. I highly recommend those seeking to live by the sea to contact you, Jeff. 

Jul 09, 2021 05:51 PM