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

The Cardiff Kook statue in Cardiff by the Sea

It’s essential for buyers and sellers in the Cardiff real estate market to have accurate, up-to-date information about local market conditions in order to make educated 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 September 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 15 sales in September, more than double the number last month.

 

Single Family Homes Sold

11 (up 83%); Average Days on Market was 21; Average Sales Price was $2,147,409 (up 6%); Average Sales Price was 96% of the original asking price

Condos, Townhomes & Duplexes Sold

4 (up by 1); Average Days on Market was 10; the Average Sales Price was $1,153,750 (down 3%); the Average Sales Price was 89% of the original list price

 

The overall volume of sales in Cardiff more than doubled from last month, especially for single family detached homes. The average sales price was higher for single family homes, but was lower for condos, townhomes and duplexes. Sales prices ranged from $850,000 to $4,250,000.

 

The median sales price for single family homes was $2,125,000 (up 10%), the median sales price for condos, townhomes and duplexes was $876,000 (down 1%).

 

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

 

Cardiff townhomes

 

At the end of September there were 11 Cardiff homes for sale, almost twice as many as at the end of August; there is only 1 condo, for sale currently. These listings range in price from $799,000 to $6,995,000. 

 

There is very limited inventory for condos, townhomes and duplexes as of this writing, with only 1 listing. There are 1.2 months of inventory for single family homes (versus 20 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 their sales price, however almost half of the buyers, 47%, paid full price or higher for their new homes. It’s pretty likely buyers will be competing with others, with multiple offers a strong possibility. Buyers should also be prepared to make quick decisions, since 5 of the homes went pending in 7 days or less (33%).

 

13 Cardiff listings came on the market in September, compared to 12 in August, a minor shift. In contrast, 12 homes went pending in September (not counting homes that closed escrow), versus 18 in August. It was still a busy month for sellers and buyers.

 

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.

 

Because of the small number of sales one cannot draw firm conclusions about pricing, or other trends, in Cardiff by the Sea. Tight inventory and strong buyer demand have resulted in a competitive market, with some homes going pending quickly, often in less than a week, with multiple offers, and some 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 welcome a call at (760) 840-1360 so we can discuss your particular housing needs, lifestyle, and budget, answer all of your questions, and then 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 August 2021

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (9)

Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Jeff,

Thank you for sharing this real estate market report. 

Buyers and sellers in your area will find value in this report. 

Wishing you continued success.

Bob

Oct 02, 2021 08:15 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Bob Crane 

It's a pretty cool little town with a distinct personality!

Jeff

Oct 02, 2021 08:18 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeff - just reading Endre Barath, Jr. 's market report and it does appeaer that the homes in Southern Cal now are not getting over list sales.

Oct 03, 2021 05:07 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Cardiff by the Sea definitely looks like a beautiful place to call home and I will have to try and visit the area sometime.

Oct 03, 2021 05:10 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.

Oct 03, 2021 03:57 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It varies Grant Schneider  - some are going over asking, others are not, but it seems the percentage going over asking is less than it was...and modest shift.

Jeff

Oct 03, 2021 07:59 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's a cool little seaside town Brian England . I think you would enjoy it.

Thank you Myrl Jeffcoat 

Jeff

Oct 04, 2021 08:18 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I start seen investors get into ADU business. Got a flyer the investor added a 1 br, 1bath on top of a 1900 sf 4/2 tract home in Cupertino, CA.   The asking price is $3,250,000.00  I know Apple employees are well compensated 1 M down not sure anyone will lend 2,250,000.00 super jumbo loan.

Oct 06, 2021 09:11 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Again, these prices not surprise me for the area involved and the really hot market overall in the country

Oct 06, 2021 09:51 PM