Market Data for FEBRUARY and MARCH 2007 - Cardiff, CA

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

 Here are the summary market statistics from the MLS for Cardiff for February and March 2007.

The inventory is Cardiff remains somewhat limited, and the number of homes for sale in Cardiff has been fairly consistent, as is the rate of sales. There is less than a 4 month supply of attached homes, and less than a 6-month supply of attached homes. Prices tend to move up and down each month, which appears to be due to the small inventory, so that the median is affected dramatically by the homes sold that month.

Similarly, because of the number of sales, the average prices tend to change each month, sometimes up and sometimes down. On average, they are 13% higher for attached homes as compared to 1 year ago, but 10% lower for detached homes. Because of the flucutations one must be cautious in drawing firm conclusions on specific trends. For now, however, the Cardiff market, in my opinion, can be described overall as stable. 

AS OF FEB. 28, 2007

ATTACHED HOMES

DETACHED HOMES

Active

18

34

New in February

7

10

Sold in Last 6 Months

36

24

Sold/Pending In Last 6 months

47

38

Absorption Rate (Solds)

90 days

211 days

Absorption Rate (Solds Plus Pendings)

69 days

161 days

Average Days on Market

81

71

Median Price Change From 1 Year Ago

-8%

47%

Median Price

$450,000

$1,100,000

% Chgn. In MDN from prior month

0%

-9%

Average Price

$651,250

$1,177,000

 

AS OF MARCH 31, 2007

ATTACHED HOMES

DETACHED HOMES

Active

20

30

New in March

7

8

Sold in Last 6 Months

36

33

Sold/Pending In Last 6 months

44

40

Absorption Rate (Solds)

100 days

164 days

Absorption Rate (Solds Plus Pendings)

82 days

135 days

Average Days on Market

68

56

Median Price Change From 1 Year Ago

-28%

5%

Median Price

$479,000

$925,000

% Chgn. In MDN from prior month

6%

-16%

Average Price

$754,625

$1,025,294

Are you interested in other communities in the San Diego North County area? Here are my most recent community profiles which will give you information about housing, pricing, shopping, schools, things to do and more, along with virtual tours.

COMMUNITY ARTICLES

MARKET REPORTS

More information:

First Time Buyer Central - here is everything you need to know as a new buyer.

Relocation A to Z - are you planning a relocation? Lots of information here for buyers and sellers.

If I can help in any way, or answer your questions, please call me at (760) 840-1360 or email me at JDowler@remax.net.

 

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (2)

Paul Anyanwu
RE/MAX SOLUTIONS - West Orange, NJ
CRS, SFR, Broker-Salesperson, Sales West Orange,NJ
great statistics your market seems to be in pretty good shape, good news for your market.
Apr 15, 2007 10:28 AM
Kristal Kraft
Novella Real Estate - Denver, CO
Selling Metro Denver Real Estate - 303-589-2022

Jeff ~ your market seems to be in good shape.  You never cease to amaze me at how much effort you put into your blogging.  The home buyers and sellers must really love you!

kk 

Apr 15, 2007 02:47 PM