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

 

It’s important for buyers and sellers in the Cardiff real estate market to have current information about the local market conditions so they can make informed 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 December 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 December, the same as last month.

 

Single Family Homes Sold
2 (no change); Average Days on Market was 15; Average Sales Price was $1,597,500 (up 7%); the Average Sales Price was 96% of the original asking price. 

Condos, Townhomes & Duplexes Sold - NONE

 

The overall volume of sales in Cardiff was the same as last month. There were only 2 single family detached homes sold, and no condo, townhome or duplex sales once again. The average sales price was higher for the single family homes. The 2 sales were at $1,320,000 and $1,875,000.

 

At the end of December 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 December there were 12 homes for sale in Cardiff, up 3 from last month; 10 of these are single family detached homes. Listings range in price from $824,900 to $6,995,000. 

 

At the time this report was compiled there was only 1 condominium and 1 townhome for sale. There are 3 months of inventory for single family homes (up from 1.3 months last month), based on the rate of sales over the last 3 months, and 3 months 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 as well as 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 home went pending in 5 days, the other took 25 days.

 

Cardiff homes by the lagoon

 

4 listings came on the market in December, the same as in November. However, no homes went pending in December (not including homes that closed escrow), versus 3 in November.

 

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 small number of sales in Cardiff by the Sea one should not 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.

 

Keep in mind 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 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 November 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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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.

Jan 06, 2023 01:39 PM
Jeff Dowler, CRS

Thank you Myrl Jeffcoat 

It's a challenging housing market in Cardiff because of the low inventory. Buyers need to be prepared for competition.

Jeff

Jan 06, 2023 04:53 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Seeing your reports over the years has given me lots of knowledge about the areas that I visit often.

Jan 07, 2023 04:48 AM
Jeff Dowler, CRS

I'm glad to hear that Brian England.

Hopefully it helps those thinking about buying and selling.

Jeff

Jan 07, 2023 12:08 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff,

A low supply of homes may get buyers to pay over asking.  

Jan 07, 2023 11:46 AM
Jeff Dowler, CRS

So true Sheri Sperry - MCNE® 

It's a challenging market for those who want to buy given the inventory...and the prices!

Thank you for stopping by!

Jeff

Jan 07, 2023 12:07 PM