Welcome to your guide on Cardiff real estate. If you're contemplating purchasing a home in this charming coastal community, understanding the current market trends is vital. We aim to provide you with an easy-to-understand, yet comprehensive look at the Cardiff housing market, equipping you with the knowledge you need for a successful property transaction.
Market Trends and Insights
As of October 2023, the Cardiff housing market displays several notable characteristics:
- Median Sale Price: Homes in Cardiff have seen a significant increase in value, with the median sale price reaching $2.0 million, up 20.1% from last year.
- Time on Market: Properties are selling faster, with an average of 39 days on the market, down from 44 days last year.
- Sales Volume: There were 32 homes sold in October 2023, a decrease from the 41 sold in the same period last year.
- Price Per Square Foot: The median sale price per square foot in Cardiff is $902, experiencing a slight decrease of 0.33% since last year.
Market Competitiveness
- Market Nature: Cardiff's housing market is moderately competitive. Homes generally sell in about 35 days.
- Offer Dynamics: While some properties receive multiple offers, on average, homes in Cardiff sell for around 4% below the listing price.
- Demand for Prime Properties: 'Hot' homes in desirable locations can sell for about 1% below the listing price and may go pending in around 20 days.
Navigating Your Cardiff Property Purchase
Cardiff offers a blend of coastal beauty and vibrant community living, making it a desirable location for homebuyers. If you're looking to purchase a home in Cardiff, it's essential to have expert advice and guidance. As experienced real estate professionals, we, Lisa Schoelen and Julie Pierce, are here to support you through the complexities of the Cardiff real estate market. Reach out to us for personalized service and let's start the journey towards finding your dream home in Cardiff.
