What’s My Cardiff-by-the-Sea Home Worth? Market Report February 2022

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

What’s the Value of My Cardiff-by-the-Sea Home?

Home Sales for February 2022

 

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 so they can make educated buying and selling decisions about Cardiff homes for sale.

 

Local market conditions impact buying and selling in a number of ways, including supply, pricing, competition, and days on market. It’s important to understand how these market conditions can affect your buying and/or selling decisions. Let’s talk when you are ready!

 

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 February 2022 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 only 4 sales in February, down 1 from last month.

 

Single Family Homes Sold

4 (up by 1); Average Days on Market was 13; Average Sales Price was $2,816,666 (up 2%); the Average Sales Price was 106% of the original asking price

Condos, Townhomes & Duplexes Sold - NONE

 

The overall volume of sales in Cardiff dropped slightly, the net result of 1 more single family detached home sale, but no condo, townhome or duplex sales. The average sales price was modestly higher for the single family homes. Sales prices ranged from $1,400,000 to $5,025,000.

 

The median price for the 4 single family home sales was $2,515,000 (up 1%).

 

At the end of February 2022 there were no homes in the Cardiff housing market with an Active Under Contract status, compared to 1 last month.

 

Cardiff by the Sea house

 

At the end of February there were 8 Cardiff homes for sale, versus 5 at the end of January...6 are single family detached homes. These listings range in price from $806,900 to $6,495,000

 

Again there is very limited inventory for condos, townhomes and duplexes as of this writing – just 2 listings. There are 2 months of inventory for single family homes (up from 23 days last month), based on the rate of sales over the last 3 months. There are 26 days of inventory for condos, townhomes and duplexes.

 

The Cardiff by the Sea housing remains a very strong sellers market.

 

All 4 buyers paid over asking price for their new homes, one at 13%. If you plan to buy a Cardiff home you can expect to compete with other buyers, especially given the very limited inventory. Buyers should be prepared to make decisions quickly since 2 of the 4 homes went pending in 1 week or less!

 

12 Cardiff listings came on the market in February, compared to only 2 in January, some good news. 7 homes went pending in February (not including homes that closed escrow that month), versus 2 in January. It was a busier month for sellers and buyers than last month.

 

Data are derived from 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, let me know. I am happy to provide details for these neighborhoods, or other areas of interest. I can also assist you with the sale or purchase of a Cardiff by the Sea home.

 

Because of the limited number of sales in Cardiff by the Sea this month you should not draw any conclusions about pricing, or other trends. Tight inventory and strong buyer demand have resulted in a very competitive market, with homes going pending quickly, multiple offers, and over-asking sale prices.

 

In addition, remember that average sales prices are significantly impacted by sales of high and/or low priced homes each month, especially when sales volume is very low as it tends to be 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 develop a plan to help 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 January 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


Call or Text
(760) 840-1360

Email Me

Enjoy the beach life in Carlsbad, Oceanside, Encinitas,
San Marcos & other
North San Diego County coastal
& inland communities

Buy - Sell - Invest - Second Homes  

     

About Me

My Blog

My Website

  Jeff Dowler's Facebook Profile  Jeff Dowler's YouTube Profile    Jeff Dowler's LinkedIn Profile

 

Comments (12)

Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Not a lot of new inventory and those that are on market must be out of price range for buyers that want to buy in Cardiff-by-the-Sea

Mar 03, 2022 12:27 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I never get tired of your market reports Jeff. Cardiff-by-the-Sea doesn't disappoint. Happy Thursday 🙂

Mar 03, 2022 02:40 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Ed Silva 

The market in Cardiff has really shifted in terms of pricing and inventory. It’s not a bit community so inventory for sale is not ever robust.

Jeff

Mar 03, 2022 04:15 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Paul S. Henderson, REALTOR®, CRS 

It’s a cool little beach town, but pretty tough on buyers right now.

Jef

Mar 03, 2022 04:17 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Knowing what a home in Cardiff by the Sea is likely worth makes me wish I owned a home there that I could sell, haha.

Mar 04, 2022 05:07 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.

Mar 04, 2022 01:20 PM
Margaret Goss
@Properties - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Such a beautiful place to live and you know it like you're a native!

Mar 04, 2022 03:13 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Brian England 

There are clearly some potential sellers who could do well, if the option of selling works for their situation.

Enjoy your weekend!

Jeff

Mar 04, 2022 07:37 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Myrl Jeffcoat 

Thank you as always for your kind words. Buyers, and sellers, need to understand this rather unique housing market!

Jeff

Mar 04, 2022 07:38 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's a beautiful community Margaret Goss especially if you have the budget to live there. But fun to visit with some great restaurants!

Enjoy your weekend!

Jeff

Mar 04, 2022 07:42 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff, I hope your phone is ringing off the wall with people wanting to know what their home is worth!

Mar 05, 2022 11:36 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Stuff by the water never really loses much value. It’s always really beautiful and in some degree of temperate place

Mar 05, 2022 10:14 PM