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

Cardiff Homes Sales for April 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 essential to understand how market conditions can affect your buying and/or selling decisions. Let’s talk now!

 

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 April 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 11 sales in April, 1 more than March.

 

Single Family Homes Sold

6 (down by 1); Average Days on Market was 3; Average Sales Price was $2,097,500 (down 11%); the Average Sales Price was 110% of the original asking price

Condos, Townhomes & Duplexes Sold

5 (up by 2); Average days on market was 10; Average Sales Price was $1,659,900 (up 81%); Average Sales Price was 107% of original asking price.

 

The overall volume of sales in Cardiff rose slightly, with 1 fewer single family detached home sales, but 2 more condo, townhome and duplex sales. The average sales price was lower for the single family homes but rose substantially for condos, townhomes and duplexes. Sales prices ranged from $857,500 to $2,850,000.

 

The median price for the 7 single family home sales was $2,115,000 (down 4%). The median for condos, townhomes and duplexes was $1,000,000 (up 4%).

 

At the end of April 2022 there were no homes in the Cardiff housing market with an Active Under Contract status, the same as the last 2 months.

 

 

At the end of April there were 14 Cardiff homes for sale, versus only 5 at the end of March; 11 are single family detached homes. These listings range in price from $829,000 to $6,295,000. 

 

As of this writing there are only 3 condos, townhomes and duplexes for sale (a 1 month supply), and an improvement from March when there were no listings. There are 1.9 months of inventory for single family homes (up from 1.1 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.

 

9 of the 11 buyers paid over asking price for their new homes. If you plan to buy a home in Cardiff by the Sea you should expect to compete with other buyers. Buyers should be prepared to make decisions quickly since 9 of the 11 homes went pending in 1 week or less!

 

12 Cardiff listings came on the market in April, compared to 9 in March. Only 4 homes went pending in April (not including homes that closed escrow that month), versus 10 in March.

 

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 you should not 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.

 

Remember, average sales prices can be significantly impacted by sales of high and/or low priced homes each month, especially when sales volume is very low, as it often is 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 March 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (5)

Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

It amazes me that the days on market is so short at the area's price point.  It is a gorgeous area and I can see why so many buyers would act so quickly.  Thank you for another great update.

May 08, 2022 09:07 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Raymond Henson, eXp Realty

No question it's a competitive market in Cardiff! The limited inventory is definitely an issue.

Enjoy the rest of your weekend!

Jeff

May 08, 2022 12:35 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Great information.  Thanks for sharing and have a wonderful day! bill

May 08, 2022 12:50 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Bill Salvatore - East Valley 

Thanks for stopping by.

Right back at you!! Enjoy the rest of your weekend!

Jeff

May 08, 2022 12:56 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.

May 09, 2022 12:05 PM