What’s the Value of My Cardiff-by-the-Sea Home?
Cardiff Home Sales for November 2021
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 several ways, including inventory, pricing, competition, and time on market. You should understand how these market conditions can affect your buying and/or selling decisions. Let’s talk!
Read More About Cardiff-by-the-Sea:
Here’s a summary of the Cardiff real estate market for November 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 9 sales in November, 2 fewer than the number of sales last month.
Single Family Homes Sold
7 (down by 2); Average Days on Market was 13; Average Sales Price was $2,239,857 (up 2%); Average Sales Price was 97% of the original asking price
Condos, Townhomes & Duplexes Sold
2 (no change); Average Days on Market was 7; the Average Sales Price was $999,869 (up 12%); the Average Sales Price was 105% of the original list price
The overall volume of sales in Cardiff dropped from last month, and for single family detached homes, with no shift for condos, townhomes and duplexes. The average sales price was slightly higher for single family homes, but was significantly higher for condos, townhomes and duplexes (there were only 2 sales). Sales prices ranged from $949,378 to $3,138,000.
The median sales price for single family homes was $2,695,000 (up 16%).
At the end of November 2021 there were no homes in the Cardiff housing market with an Active Under Contract status, the same as the last 3 months.
At the end of November there were only 4 Cardiff homes for sale compared to 8 in October (down 50%); there are no condos for sale currently. These listings range in price from $1,880,000 to $6,495,000.
There is no inventory for condos, townhomes and duplexes as of this writing. There are 13 days of inventory for single family homes (down from 21 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 overall.
While some buyers were able to negotiate their sales price, a little more than half of the buyers, 56%, paid full price or more for their new homes. If you plan to buy there’s a good chance you will be competing with others, with multiple offers likely. Buyers should also make decisions quickly since 56% of the homes went pending in 1 week or less.
5 Cardiff listings came on the market in November, compared to 8 in October. 7 homes went pending in November (not counting homes that closed escrow), versus 9 in October. It was quieter month for sellers and buyers in this limited housing market than in October.
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 more details for these neighborhoods, and to assist you with the sale or purchase of a Cardiff by the Sea home.
Because of the small number of sales in Cardiff by the Sea it’s risky to draw firm conclusions about pricing, or other trends. Tight inventory and strong buyer demand 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.
Keep in mind that average sales prices are significantly impacted by sales of either high and/or low priced homes each month, especially when sales volume is low as it was in Cardiff.
Please reach out to me at (760) 840-1360 so we can discuss your personal housing needs, lifestyle, and budget, answer your questions, and then create a strategy to help buy and/or sell your Cardiff by the Sea home.