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

Cardiff Kook statue in Cardiff by the Sea CA

 

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 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 July 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 July, 4 fewer than last month.

 

Single Family Homes Sold

8 (down by 5); Average Days on Market was 10; Average Sales Price was $1,732,125 (down 35%); Average Sales Price was 101% of the original asking price

Condos, Townhomes & Duplexes Sold

6 (up by 1); Average Days on Market was only 5; the Average Sales Price was $989,499 (down 34%); the Average Sales Price was 106% of the original list price

 

The overall volume of sales in Cardiff decreased from last month, with 5 fewer single family homes sold but more condos, townhomes and duplexes. The average sales price was lower for single family homes (no doubt due to the 8 sales last month over $2M that raised the average). Sales prices ranged from $713,000 to $2,202,000.

 

The median sales price for single family homes was $1,667,500 (down 24%), the median sales price for condos, townhomes and duplexes was $887,000 (down 37%).

 

At the end of July 2021 there were 2 homes in the Cardiff housing market with an Active Under Contract status, versus none last month.

 

At the end of July there were 19 Cardiff homes for sale, up by 4 from last month. These listings range in price from $749,000 to $7,495,000. 

 

There are only 15 days of inventory for condos, townhomes and duplexes (compared to 24 days last month). There are 1.5 months of inventory for single family homes (versus 1 month 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 their sales price, however the majority, 70%, paid full price or higher for their new homes. In this market buyers can expect to compete with others, with multiple offers likely. Buyers also need to make decisions quickly, since 8 of the homes went pending in 7 days or less (57%).

 

14 Cardiff listings came on the market in July, compared to 17 in June. 7 homes went pending in July (not counting homes that closed escrow), versus 10 in June – it was a busy month for buyers and sellers.

 

Cardiff by the Sea house

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 June 2021

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (14)

Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - Love the image of the VW van!  I have always liked the name "Cardiff-by-the-Sea".  Happy Sunday!

Aug 08, 2021 10:52 AM
Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for the market update.  I always enjoy the information you share with us.  I love the VW Van too and all the stickers.  The first sticker that I saw was the "Surly" sticker.  It reminded me of the quip from the movie Airplane, "I am serious and don't call me Shirley!"  Sorry, I am just a simple man.

Aug 08, 2021 11:01 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.

Aug 08, 2021 01:48 PM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Jeff,  it seems your market is extremely volatile.  Those conditions demand the assistance of a professional, such as Jeff Dowler of Carlsbad, to navigate the difficult market.  Make it a great day.  Mark

Aug 09, 2021 05:58 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff! And I can remember being part of a team to design some beach front condos in the 80s and we wondered if we might get over $80,000 for each one.

Aug 09, 2021 06:39 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

You always provide such good information for your area! And like others mentioned, the picture of a sticker-covered van is perfect!

Aug 09, 2021 07:23 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri Sperry - MCNE® 

It's been a fun photo to share multiple times over the years. I remember pulling over to get out a grab a photo when I saw it...in Cardiff. I rather like the name Cardiff by the Sea, too!

Jeff

Aug 09, 2021 02:17 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Raymond Henson, eXp Realty 

Thank you for the kind words. It's a pretty cool van - wonder how many stickers there actually are? Funny how certain words stand out to different people!

Jeff

Aug 09, 2021 02:18 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Myrl Jeffcoat  Thank you for the kind words!!

Mark Don McInnes, Sandpoint I appreciate the compliment!

Rocky Dickerson That's quite a price change!! Hard to imagine these days.

Jeff

Aug 09, 2021 02:21 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Margaret Rome Baltimore 410-530-2400 

The van is pretty cool and the surfer's wetsuit added a special touch to this local scene.

Jeff

Aug 09, 2021 10:06 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Jeff Dowler, CRS - Man.... What a Van!!! I dig it! It takes me back to when I had a psychedelic van myself. It was brown, burnt orange, yellow and inside there was a bar with tables made with seashells inside the acrylic glass top, reclining chairs, couch, shag rug (orange and yellow. It was mellow! Please, don't get the wrong idea about me. I never took drugs and I avoid prescription drugs. We bought a van in the '70's and it was a lemon. We took it back to the dealer and obviously, all the sales people were smoking something. They let us pick out a van, money was no object, fair trade - ha! ha! It was a fun van.

As for your market, it's just as crazy and that's exactly why buyers and sellers need an expert who has a clear thinking level head to help guide buyers and sellers successfully. Man! Jeff, you're the man!

Aug 09, 2021 11:32 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Interesting this month that the starter home in Cardiff by The Sea is priced at $749,000

Aug 10, 2021 04:36 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Patricia Feager, MBA, CRS, GRI,MRP 

Wow, love that story about the van!! The 70s indeed were an interesting time!

Thanks for the kind words!

Jeff

Aug 10, 2021 07:51 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed Silva 

That's actually a pretty good price for getting started in Cardiff by the Sea these days. Tough to find much under $1M in this popular seaside community.

Thanks for stopping by!

Jeff

Aug 10, 2021 07:57 PM