Market Report
Cardiff by the Sea, CA 92007
Single-Family Homes
Chartwell Escrow
Cardiff by the Sea, CA 92007
Thu Mar 23 2023
This week the median list price for Cardiff by the Sea, CA 92007 is $3,497,500 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has decreased to 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.
Real-Time Market Profile
| Median List Price | $3,497,500 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $1,268 | |
| Average Days on Market | 165 | |
| Median Days on Market | 53 | |
| Price Decreased | 58% | |
| Price Increased | 0% | |
| Relisted | 17% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,885,000 | 3,945 | 0.25 - 0.5 acre | 4 | 3.5 | 24 | 0 | 0 | 84 |
| $4,300,000 | 3,339 | 0.25 - 0.5 acre | 4 | 4.5 | 32 | 0 | 0 | 434 |
| $2,995,000 | 1,702 | 6,500 - 8,000 sqft | 4 | 3 | 64 | 0 | 0 | 56 |
| $1,498,300 | 1,040 | 4,500 - 6,500 sqft | 3 | 2.5 | 59 | 0 | 0 | 42 |