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

 

It’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 selling and buying in several 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 March 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 10 sales in March, 1  more than last month.

 

Single Family Homes Sold

7 (up by 3); Average Days on Market was 4; Average Sales Price was $2,360,726 (down 16%); the Average Sales Price was 107% of the original asking price

Condos, Townhomes & Duplexes Sold

3 (up by 3); Average days on market was 13; Average Sales Price was $917,405 (0 sales last month); Average Sales Price was 107% of original asking price.

 

The overall volume of sales in Cardiff rose, with 3 more single family detached home sales, and 3 condo, townhome or duplex sales (there were no sales in February). The average sales price was lower for the single family homes. Sales prices ranged from $709,215 to $4,700,083.

 

The median price for the 7 single family home sales was $2,200,000 (down 13%). The median for condos, townhomes and duplexes was $965,000

 

At the end of March 2022 there were no homes in the Cardiff housing market with an Active Under Contract status, the same as last month.

 

Cardiff by the Sea home

 

At the end of March there were only 5 Cardiff homes for sale, versus 8 at the end of February; all are single family detached homes. These listings range in price from $2,999,000 to $6,888,888. 

 

As of this writing there are no condos, townhomes and duplexes for sale. There are 1.1 months of inventory for single family homes (down from 2 months 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 with limited inventory.

 

8 of the 10 buyers paid over asking price for their new homes, one at 132% (over $500K). 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 6 of the 10 homes went pending in 1 week or less!

 

9 Cardiff listings came on the market in March, compared to only 12 in February. 10 homes went pending in March (not including homes that closed escrow that month), versus 7 in February. It was still a busy month for sellers and buyers.

 

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 limited sales in Cardiff by the Sea this month one can’t draw any firm conclusions about pricing, or other trends. Tight inventory and strong buyer demand continue to cause a very competitive market. Many homes go pending quickly and there are multiple offers, and over-asking sales prices, sometimes significant.

 

In addition, keep in mind 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 develop a plan to 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 February 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (10)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good afternoon Jeff,

It looks like this market place, Cardiff by the sea is in concert with the rest of the country.  Enjoy your Sunday.  A

Apr 02, 2022 02:45 PM
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.

Apr 02, 2022 06:24 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Jeff,
Thank you for sharing the real estate information.
Buyers and sellers in your area will benefit from your expertise.
Wishing you continued success.
Bob

Apr 02, 2022 08:00 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Cardiff by the Sea is definitely a desirable place to call home and the home prices certainly reflect that.

Apr 03, 2022 06:18 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Interesting overview - I got stuck at the $2.2M median price. Wow!

Anyone who wants to know what their specific Cardiff-by-the-sea home is worth should call you!

Apr 03, 2022 06:23 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Staggering information Jeff.  Sellers and Buyers both will benefit from the expertise and knowledge of your professionalism and knowledge.  Not to take advantage of that could cost far to much to ignore you as their representative.  Make it a great Sunday.  Mark 

Apr 03, 2022 08:59 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Ron and Alexandra Seigel  Yes, I'd say that's accurate. Very limited inventory and high prices.

Thank you Myrl Jeffcoat 

Jeff

Apr 03, 2022 09:18 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the kind words Bob Crane 

Many would agree with you Brian England 

Jeff

Apr 03, 2022 09:19 AM
Roy Kelley
Retired - Gaithersburg, MD

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

Apr 03, 2022 09:45 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - You always share great info, but I got caught up in the $500K over asking. It does happen, but it is rare.  I am still amazed at the buyers who will spend that kind of money over the asking price. Have a great Sunday.

Apr 03, 2022 05:47 PM