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.
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MARKET REPORTS
- Market Data for JANUARY and FEBRUARY 2007 - San Marcos, CA
- Market Data for FEBRUARY 2007 - Encinitas, CA
- Market Data for FEBRUARY 2007 - Carlsbad, CA
- Market Data for JANUARY 2007 - Cardiff, CA
- Market Data for JANUARY 2007 - Encinitas, CA
- Market Data for JANUARY 2007 - Carlsbad, CA
- Luxury Real Estate in San Diego
- Market Data for NOV. and DEC. 2006 - Del Mar, CA
- Market Data for NOVEMBER and DECEMBER 2006 - Solana Beach, CA
- Market Data for DECEMBER 2006 - Oceanside, CA (92054, 92056, 92057)
- Housing Market Summary for North County San Diego 2006
- Market Data for DECEMBER 2006 - San Marcos, CA
- Market Data for NOV. and DEC. 2006 - La Jolla, CA
- Market Data for DECEMBER 2006 - Rancho Santa Fe, CA
- Market Data for DECEMBER 2006 - Cardiff, CA
- Market Data for DECEMBER 2006 - Encinitas, CA
- Market Data for DECEMBER 2006 - Carlsbad, CA
- Market Data for NOVEMBER 2006 - Oceanside, CA (932054, 92056, 92057)
- Market Data for OCTOBER 2006 - Oceanside, CA (932054, 92056, 92057)
- Market Data for OCT. and NOV. 2006 - San Marcos, CA
- Market Data for OCT and NOV 2006 - Cardiff, CA
- Market Data for OCT. and NOV. 2006 - Encinitas, CA
- Market Data for NOVEMBER 2006 - Carlsbad, CA
- Market Data for OCTOBER 2006 - Carlsbad, CA
- Market Data for SEPTEMBER 2006 - Encinitas, CA
- Market Data for SEPTEMBER 2006 - San Marcos, CA
- Market Data for SEPTEMBER 2006 - Oceanside, CA (932054, 92056, 92057)
- Market Data for SEPTEMBER 2006 - Carlsbad, CA
- Report on the state of the housing market in San Diego
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.
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great statistics your market seems to be in pretty good shape, good news for your market.
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