What’s My Cardiff-by-the-Sea Home Worth? Market Report November 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 Home Sales for November 2022

 

It’s essential that buyers and sellers in the Cardiff real estate market have up-to-date information about the local market conditions so they can make educated buying and selling decisions about Cardiff homes for sale.

 

Supply and demand affects selling and buying in a number of ways, including pricing, competition, and time on market. It’s important to understand how local market conditions can impact 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 November 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 2 sales in November, 6 fewer than last month.

 

Single Family Homes Sold
2 (down by 4); Average Days on Market was 18; Average Sales Price was $1,487,500 (down 12%); the Average Sales Price was 99% of the original asking price.

Condos, Townhomes & Duplexes Sold - NONE

 

The overall volume of sales in Cardiff dropped substantially from last month. There were substantially fewer single family detached homes sold, and no condo, townhome or duplex sales. The average sales price was lower for the single family homes. The 2 Sales were at $1,250,000 and $1,725,000.

 

At the end of November 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 November there were 9 homes for sale in Cardiff, up 1 from last month; 8 of these are single family detached homes. Listings range in price from $824,900 to $9,490,000. 

 

Cardiff single family home

 

At the time this report was compiled there was only 1 condo available for sale. There are only 1.3 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, and only 1 month for condos, townhomes and duplexes.

 

The Cardiff by the Sea housing remains a very strong sellers market based on supply and demand, for single family homes and especially for condos, town homes and duplexes.

 

1 of the 2 buyers paid over asking price for their new home. Supply is very limited so competition remains likely. One should not assume some homes won’t sell quickly even though we are seeing a market shift - 1 single family home went pending in 5 days, the other took 32 days.

 

4 listings came on the market in November, the same as in October. And 2 homes went pending in November (not including homes that closed escrow), versus 3 last month.

 

These statistics are based on data in the MLS. If you would like more specifics about the Cardiff real estate market, or for particular areas including the Walking District and the Composer District, I can help. I am happy to provide details for these neighborhoods, and other areas of interest. I can also assist you with the sale or purchase of a Cardiff by the Sea home if that is your goal, now or in the future.

 

Because of the very small number of sales in Cardiff by the Sea one cannot draw conclusions about pricing, or other trends. Limited supply and strong buyer demand continue to create a competitive market although things have improved for buyers. Homes in general tend to go pending quickly, but the average time on the market has increased. We are seeing fewer sales with over-asking prices.

 

Remember that average sales prices are impacted by sales of higher and/or lower-priced homes each month, especially when sales volume is very low as it was in Cardiff.

 

Please reach out to me at (760) 840-1360 to discuss your personal housing needs, lifestyle, budget, and any questions. Then we can create 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 October 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (6)

Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wow I was looking at your DOM and List to Sales Price quite different from my market, hope you have had your listings in these statistics, Endre

Dec 04, 2022 11:43 PM
Jeff Dowler, CRS

Wish I could say I did Endre Barath, Jr.  The inventory in Cardiff is pretty small and 2 sales in particular! It's the least I have seen for some time.

Jeff

Dec 05, 2022 07:37 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Such a wonderful place to call home!  As I write this I am listening to the waves crashing down without any other noise in the air, it is wonderful.

Dec 05, 2022 05:08 AM
Jeff Dowler, CRS

It's a beautiful sound isn't it Brian England? Sounds idyllic!

Jeff

Dec 05, 2022 07:38 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Your post aids my "Monday morning Dreaming"! Your demand is high, supply low and prices in the upper atmosphere. What is not to like? Maybe for this midwest guy it is truly "California dreaming"! Time for another cup of coffee and more dreaming.

Dec 05, 2022 05:11 AM
Jeff Dowler, CRS

Nothing wrong with coffee and dreaming Wayne Martin 

Jeff

Dec 05, 2022 07:38 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Families on the move will appreciate your local real estate reports. Bill

Dec 05, 2022 05:20 AM
Jeff Dowler, CRS

Thank you Bill Salvatore - East Valley 

Hopefully the inventory will improve a bit after the holidays!

Have a great week!

Jeff

Dec 05, 2022 07:50 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.

Dec 06, 2022 04:29 AM
Jeff Dowler, CRS

Thank you for the compliment Myrl Jeffcoat 

Hope all is well!

Jeff

Dec 06, 2022 09:11 AM
Roy Kelley
Retired - Gaithersburg, MD

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

Dec 06, 2022 09:42 AM
Jeff Dowler, CRS

I appreciate the kind words Roy Kelley 

Enjoy the rest of your week!

Jeff

Dec 06, 2022 07:51 PM