Cardiff Homes for Sale - What Happened in the Cardiff Real Estate Market in July 2012?

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Real Estate Agent with Solutions Real Estate CA BRE Lic #01490977

Cardiff Homes for Sale - What Happened in the Cardiff Real Estate Market in July 2012?

Cardiff Homes for Sale - Homes for Sale in CardiffBuyer and sellers in the Cardiff real estate market, need information about the current market conditions in order to make an informed decisions about Cardiff homes for sale

The Cardiff real estate market is small and very localized, and finding comparables for determining price for either a listing or a purchase can be tricky due to limited inventory, the diversity of homes for sale, and market fluctuations. 

 

 

Want to learn more about Cardiff-by-the-Sea? 

 Cardiff by the Sea – Quintessential Beach Community 

A Visual Tour of Cardiff-by-the-Sea

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 is a summary of the Cardiff real estate market for July 2012 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

 

TOTAL

  DETACHED

ATTACHED

# SOLD

8 (down 27%)     

3 (down 25%)

5 (down 29%)

Average $

$657,287 (up 13%)

$841,666 (up 13%)

$546,660 (up 11%)

DOM

104

90

113

Sale $/List $ Ratio

99%

98%

100%

The number of homes sold in Cardiff in July declined. In contrast, average sales prices rose across the board. Buyers did not negotiate much on their sales, on average only 1-2% off the asking price. Given the very small number of homes sold, it is unwise to draw any conclusions about trends, especially given pricing.

Cardiff Homes for Sale - Homes for Sale in Cardiff by the Sea, CA

At the end of July 2012 there were 5 homes in the Cardiff real estate market with a Contingent status, less than half that of last month (i.e., short sale and REO homes that had accepted offers being reviewed by the lenders). Until approved these homes are considered active and are included in the Active statistics below. 

As of July 2011 there were 37 Cardiff homes for sale, down 20% from last month (46). This represents an inventory of only 2.8 months for attached homes (down from 3.6 months last month), and 4.1 months for detached homes (down from 4.7 months in June).  The Cardiff real estate market, at the moment, is becoming more competitive for buyers, particularly for attached homes/condos!

15 Cardiff homes came on the market in July, 2 fewer (12%) than last month. 12 homes went pending in July, 3 times the number of homes going pending in June

READ MORE: How Important is Inventory when Buying or Selling? Very!! 

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 District and the Composer District, please let me know.

HOMES FOR SALE IN CARDIFF BY THE SEA CALIFORNIA

READ MORE:

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in June 2012?

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in May 2012?

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in April 2012?

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Topic:
Real Estate Market Trends
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California San Diego County Cardiff by the Sea
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homes for sale in cardiff
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Rainmaker
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Kwee Huset
Venice Florida Homes For Sale
Kwee Huset Realty

Hi Jeff, it is a good news to see the home prices going up in Cardiff. Have a great weekend.

August 03, 2012 06:40 PM
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Jeff Dowler CRS

Carlsbad CA Homes for Sale (760) 840-1360
What's my Carlsbad CA Area Home Worth??
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DISCLAIMER: I must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to my blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are mine.