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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805


Selling homes in
Silicon Valley
:
San Jose, Los Gatos,
Saratoga, Campbell,
Almaden Valley,
Cambrian Park and
Santa Clara County

The Cambrian Park Real Estate Market Update

My Cambrian area of San Jose Real Estate Report was recently published with the updated numbers from the closed sales last month for this part of San Jose (95124 and 95118 with a little of 95008 too).  Please click on the link above to see much more information there.

In Cambrian, we are experiencing dreadfully low inventory of homes for sale.  Buyers aren’t backing off as much as usual for this time of year – I believe because there is just a whole lot of pent up demand from nearly two years of a deep seller’s market.   Sales are up and inventory is down.  What does that mean?  Sellers, if you have a problem home, or one not updated or well maintained, this is the time to sell it – buyers have little to choose from so are purchasing properties that need more work than they would bother with in a more balanced market.

Be sure to read to the end to see the live Altos charts too – they are near the end of the article so please keep reading into the next page!

 

Cambrian Stats At A Glance

Year-Over-Year

  • Median home prices increased by 13.5% year-over-year to $851,000 from $750,000.
  • The average home sales price rose by 12.2% year-over-year to $877,448 from $782,008.
  • Home sales rose by 33.3% year-over-year to 84 from 63.
  • Active listings fell 39.3% year-over-year to 71 from 117.
  • Sales price vs. list price ratio fell by 0.0% year-over-year to 103.5% from 103.5%.
  • The average days on market fell by 20% year-over-year to 19 from 23.

Compared To Last Month

  • Median home prices improved by 1.9% to $851,000 from $835,000.
  • The average home sales price rose by 1.8% to $877,448 from $862,175.
  • Home sales up by 50.0% to 84 from 56.
  • Active listings dropped 39.3% to 71 from 117.
  • Sales price vs. list price ratio increased by 0.5% to 103.5% from 103.0%.
  • The average days on market dropped by 12.8% to 19 from 21.
The year over year median and average sales prices in Cambrian are up a healthy amount.  Generally speaking it is still a hot seller’s market and great time to sell a Cambrian home.  We were expecting a breather, but aren’t getting it – particularly in the areas with Union and Cambrian Schools.

The condo and townhouse real estate market for San Jose 95124 & 95118

The townhouse and condo real estate market in San Jose’s Cambrian area – we are seeing some calming here, but prices continue to risemonth over month (though the median sales price was down a hair from a year ago). 
Cambrian Stats At A Glance
Please see the Cambrian Condominium & Townhouse Real Estate Report for all of the numbers in this area and the rest of Santa Clara County!

 

 

Now let’s work with Altos Research’s graphs and get a feel for the Cambrian realty market in “real time”.  These use list prices, whereas my REReport uses sold data.First, the statistics by quartile for houses in San Jose 95118.  A quick note: most of 95118 has San Jose Unified Schools, while 95124 has Cambrian and Union schools, which are normally preferred.

 

Real Estate Market Chart by Altos Research www.altosresearch.com

 

 

Next, the stats and trends by price quartile for houses in San Jose 95124:  In 95124 we didn’t see the big departure from growth as seen in the rest of the zip as we saw in 95118 for early summer. But we do see very consistently rising prices throughout the area, with the higher priced homes appearing to rise the most.Median list price of homes for sale in 95124 and 95118 (all quartiles combined) : Real Estate Market Chart by Altos Research www.altosresearch.com

 

 

As this graph indicates, homes in 95124 tend to sell for a bit more than those in 95118.  Part is probably due to the fact that 95124 is in the Union and Cambrian School Districts, which many prefer to San Jose Unified (though part of 95118 is not in SJUSD).  Part of it may have to do with some of the homes being on the Los Gatos border, which is highly desirable.  And much of 95124 is a better commute location, with faster access to freeways.Inventory in Cambrian area of San Jose 95124,

 

95118: Real Estate Market Chart by Altos Research www.altosresearch.com 

 

Want to buy or sell in Cambrian Park?  Please call or email me – let’s talk!Want more info on your neighborhood, your house, or your target home to buy? Please call me!

Browse real estate listings of Cambrian & Cambrian Park homes for sale San Jose 95118:

[idx-listings zip=”95118″ propertytypes=”275″ orderby=”DateAdded” orderdir=”DESC”][idx-listings zip=”95118″ propertytypes=”275″ orderby=”DateAdded” orderdir=”DESC”]

Find a Cambrian home: real estate listings of Cambrian & Cambrian Park homes for sale in San Jose 95124:

[idx-listings zip=”95124″ propertytypes=”275″ orderby=”DateAdded” orderdir=”DESC”][idx-listings zip=”95118″ propertytypes=”275″ orderby=”DateAdded” orderdir=”DESC”]

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