Cardiff Real Estate - Cardiff, California Market Report for December 2008

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

Cardiff Real Estate Market Report - Cardiff California - Jeff Dowler

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.

Cardiff Real Estate November 2008 Market Report 

Cardiff Real Estate October 2008 Market Report

Cardiff Real Estate September 2008 Market Report

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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.

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All content copyright © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

 

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Anonymous
Alexis McGee

Jeff, FYI there were two residential properties foreclosed on in Cardiff in December...

1266 Orkney Lane

1559 Villa Cardiff Drive

Keep up the good work!

http://www.foreclosures.com

Jan 09, 2009 04:18 AM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
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Jeff you stated it all for me right in the very beginning when you wrote " 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".  This hits it on the nose regardless of the market conditions or area.

Jan 09, 2009 10:18 AM #2
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Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Jeff,

As usual, you've provided home buyers and sellers in your area with valuable information. Like many areas it seems like the lower (and yes it's all relative) end that seems to be selling the most.

At times I think Cardiff must be a well kept secret place, not kown as my of the neighboring communities. That makes me think it could be a good place to buy.

Jan 09, 2009 03:00 PM #3
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