As a buyer or seller in the Cardiff real estate market, having data about the current market conditions will enable you to be an informed decision regarding what to do with regard to buying a home in Cardiff, or selling your Cardiff home.
Because of the type of community that it is, and its size, the Cardiff real estate market is very localized, and knowing what is going on in the market with regard to inventory and sales is important for making a buying or selling decisio
Here is a summary of the Cardiff real estate market for December 2008 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.
- In December 2008 there were only 4 homes sold in Cardiff, 1 less than the number sold in November - 2 were attached properties (average price $395,000, DOM = 23, selling at an average of 96% of asking price) and 2 were detached (average price was $547,000, DOM = 57 days, selling for an average of 98% of asking price).
- The average price was $471,250, down 13% from the previous month.
Because of the very small number of homes sold, one should not draw any conclusions of the pricing trends, except to say that homes priced at the lower end of the spectrum were the ones that sold (under $600,000)
As of December 2008 there were 52 Cardiff homes for sale (37 detached homes, and 15 attached homes), a 9% drop in inventory since November; this is to be expected at this time of year. This represents an inventory of only 4.5 months for attached homes (a small decline from November) and 10.6 months for detached homes at the current rate of sales (based on a 6-month period), which was an increase from 9.5 months at the end of November.
The price range of detached homes on the market as of December 31 was $491,500 to $3.2 million; prices for attached homes ranged from $451,900 to $1.425 million.
10 Cardiff homes came on the market in December (6 detached, 4 attached), with 10 homes going pending during the same period - 4 detached and 6 attached.
Data are based on information provided by the MLS for homes that went under contract in the last couple of months. If you would like more details about the Cardiff real estate market with regard to current activity as well as the specific areas such as the Walking and the Composer Districts, please let me know.
If I can provide more information about Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits