Bel Estos Drive near Carlton and Rosswood in San Jose's Cambrian areaMy 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 this district of San Jose, we have been experiencing dreadfully low inventory of homes for sale, and 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. 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.

Want to learn more about Cambrian Park real estate, the Cambrian district, Cambrian neighborhoods, school districts and zip codes? Please also see this article: Cambrian Park: Good Schools, Low Crime, Close to Los Gatos and Campbell

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 area sales at a glance:

Year-Over-Year

  • Median home prices fell by 5.6% year-over-year to $1,015,000 from $1,075,000.
  • The average home sales price dropped by 2.2% year-over-year to $1,083,150 from $1,107,360.
  • Home sales rose by 16.9% year-over-year to 69 from 59.
  • Active listings fell 34.5% year-over-year to 72 from 110.
  • Sales price vs. list price ratio rose by 0.6% year-over-year to 106.3% from 105.7%.
  • The average days on market fell by 43.1% year-over-year to 9 from 16.

Compared To Last Month

  • Median home prices slipped by 11.7% to $1,015,000 from $1,150,000.
  • The average home sales price fell by 10.6% to $1,083,150 from $1,211,180.
  • Home sales up by 23.2% to 69 from 56.
  • Active listings dropped 22.6% to 72 from 93.
  • Sales price vs. list price ratio increased by 0.1% to 106.3% from 106.3%.
  • The average days on market dropped by 16.2% to 9 from 11.

Generally speaking it is still a hot seller’s market and great time to sell a Cambrian home.

 Please see the whole Cambrian Real Estate Report for charts, stats and more.

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 – Lower inventory makes the market look unbalanced, but it may not be accurate. With such low inventory big swings in data are common. The tiny numbers are not a large enough group to be truly representative of market values. Nevertheless, there are some clear trends. The average days on market has risen to 16 days. Sales to list price remains near 103%, meaning the market is stable and hot.

The Real Estate Report for condo sales

Cambrian townhomes and condominium real estate market stats:

Year-Over-Year

  • Median home prices fell by 15.8% year-over-year to $535,000 from $635,750.
  • The average home sales price dropped by 12.4% year-over-year to $592,643 from $676,179.
  • Home sales fell by 50% year-over-year to 7 from 14.
  • Active listings rose 64.3% year-over-year to 23 from 14.
  • Sales price vs. list price ratio fell by 3% year-over-year to 102.5% from 105.6%.
  • The average days on market rose by 51.6% year-over-year to 16 from 11.

Compared To Last Month

  • Median home prices improved by 12.6% to $535,000 from $475,000.
  • The average home sales price rose by 0.3% to $592,643 from $590,858.
  • Home sales down by 0.0% to 7 from 7.
  • Active listings increased 27.8% to 23 from 18.
  • Sales price vs. list price ratio dropped by 0.6% to 102.5% from 103.1%.
  • The average days on market increased by 31.3% to 16 from 12.
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:

  1. 3 beds, 1 full bath
    Home size: 960 sq ft
    Lot size: 6,621 sqft
  2. 4 beds, 2 full baths
    Home size: 1,158 sq ft
    Lot size: 6,272 sqft
  3. 3 beds, 2 full baths
    Home size: 1,276 sq ft
    Lot size: 7,884 sqft
  4. 3 beds, 2 full baths
    Home size: 1,284 sq ft
    Lot size: 6,229 sqft
  5. 3 beds, 2 full baths
    Home size: 1,265 sq ft
    Lot size: 6,011 sqft

See all Real estate in the 95118 zip code.
(all data current as of 5/26/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

  1. 3 beds, 1 full bath
    Home size: 960 sq ft
    Lot size: 6,621 sqft
  2. 4 beds, 2 full baths
    Home size: 1,158 sq ft
    Lot size: 6,272 sqft
  3. 3 beds, 2 full baths
    Home size: 1,276 sq ft
    Lot size: 7,884 sqft
  4. 3 beds, 2 full baths
    Home size: 1,284 sq ft
    Lot size: 6,229 sqft
  5. 3 beds, 2 full baths
    Home size: 1,265 sq ft
    Lot size: 6,011 sqft

See all Real estate in the 95118 zip code.
(all data current as of 5/26/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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

  1. 3 beds, 2 full baths
    Home size: 1,200 sq ft
    Lot size: 7,187 sqft
  2. 3 beds, 2 full, 1 half baths
    Home size: 1,438 sq ft
    Lot size: 4,660 sqft
  3. 3 beds, 2 full baths
    Home size: 1,066 sq ft
    Lot size: 7,448 sqft
  4. 3 beds, 2 full baths
    Home size: 1,480 sq ft
    Lot size: 8,015 sqft
  5. 3 beds, 2 full baths
    Home size: 1,159 sq ft
    Lot size: 3,833 sqft

See all Real estate in the 95124 zip code.
(all data current as of 5/26/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

  1. 3 beds, 1 full bath
    Home size: 960 sq ft
    Lot size: 6,621 sqft
  2. 4 beds, 2 full baths
    Home size: 1,158 sq ft
    Lot size: 6,272 sqft
  3. 3 beds, 2 full baths
    Home size: 1,276 sq ft
    Lot size: 7,884 sqft
  4. 3 beds, 2 full baths
    Home size: 1,284 sq ft
    Lot size: 6,229 sqft
  5. 3 beds, 2 full baths
    Home size: 1,265 sq ft
    Lot size: 6,011 sqft

See all Real estate in the 95118 zip code.
(all data current as of 5/26/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

 

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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


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