What’s the Value of My Cardiff-by-the-Sea Home?
Cardiff Home Sales for June 2024
It’s important for a buyer or seller in the Cardiff real estate market have up-to-date information about local market conditions. This will enable you to make educated buying and selling decisions about Cardiff homes for sale.
Supply and demand impact selling and buying in several ways, including pricing, the amount of competition, and days 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 June 2024 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). 10 homes sold in June, the same as last month and in April.
Single Family Homes Sold
10 (up by 5); 20 Average Days on Market; Average Sales Price was $2,744,347 (up 7%); the Average Sales Price was 98% of the original asking price.
Condos, Townhomes & Duplexes Sold - NONE
The overall volume of sales in Cardiff did not shift from last month. There were 5 more single family detached homes sold, but no condo, townhome and duplex sales compared to May. Sales prices ranged from $1,360,000 to $4,337,900.
At the end of June there were no homes in the Cardiff housing market with an Active Under Contract status, versus 1 for last month.
At the end of June there were 12 homes for sale in Cardiff, 3 fewer than last month; 9 of these are single family detached homes. Listings range in price from $849,900 to $7,249,000.
There are 1.2 months of inventory for single family homes (down from 1.8 months last month), and 1.3 months for condos, townhomes and duplexes (up from 23 days last month) based on the rate of sales over the last 3 months.
Cardiff by the Sea housing remains a very strong seller’s market for single family homes, as well as for condos, townhomes and duplexes, based on current supply and demand.
50% of the homes sold for asking price or more. 2 homes went pending within 7 days of coming on the market. Supply is still limited in Cardiff especially for condos, townhomes and duplexes. Thus, buyers should not assume homes won’t sell quickly.
7 listings came on the market in June, compared to 9 in May. 6 homes went pending in June (excluding homes that closed escrow), compared to 8 last month.
This information was taken from the MLS. If you would like more details about the Cardiff housing market, or information about particular areas including the Walking District and the Composer District, please let me know. I can also help 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 cannot draw firm conclusions about prices, or other trends. Limited supply and strong buyer demand means it’s a competitive housing market for home buyers.
Keep in mind that average sales prices are affected by sales of higher and/or lower-priced homes each month, especially when sales volume is low as it was in June.
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 help you 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 May 2024
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