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 upwards of two years in 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. Cambrian neighborhoods can be located at the menu bar:  Neighborhoods –> San Jose (all areas) –> Cambrian Park (SJ).

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!

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.
Other related Cambrian district resources:
Learn about the Cambrian months of inventory, or absorption rate, by elementary school district.

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, but remains low at 21 days. Sales to list price has risen to just short of 110%. This means homes are regularly selling above list price in under a month, and has been doing so consistently for many months, making this a stable, strong seller’s market.

The Real Estate Report for condo sales

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 have peaked and turned around. 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. In part, this 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. 4 beds, 3 baths
    Home size: 1,885 sq ft
    Lot size: 7,875 sqft
  2. 4 beds, 3 baths
    Home size: 1,981 sq ft
    Lot size: 8,280 sqft
  3. 3 beds, 2 baths
    Home size: 1,298 sq ft
    Lot size: 6,664 sqft
  4. 4 beds, 2 baths
    Home size: 1,408 sq ft
    Lot size: 5,985 sqft
  5. 3 beds, 2 baths
    Home size: 1,211 sq ft
    Lot size: 5,998 sqft

See all Real estate in the 95118 zip code.
(all data current as of 9/20/2017)

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

  1. 4 beds, 3 baths
    Home size: 1,885 sq ft
    Lot size: 7,875 sqft
  2. 4 beds, 3 baths
    Home size: 1,981 sq ft
    Lot size: 8,280 sqft
  3. 3 beds, 2 baths
    Home size: 1,298 sq ft
    Lot size: 6,664 sqft
  4. 4 beds, 2 baths
    Home size: 1,408 sq ft
    Lot size: 5,985 sqft
  5. 3 beds, 2 baths
    Home size: 1,211 sq ft
    Lot size: 5,998 sqft

See all Real estate in the 95118 zip code.
(all data current as of 9/20/2017)

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 baths
    Home size: 1,155 sq ft
    Lot size: 5,998 sqft
  2. 3 beds, 2 baths
    Home size: 1,286 sq ft
    Lot size: 6,181 sqft
  3. 5 beds, 3 baths
    Home size: 3,896 sq ft
    Lot size: 5,667 sqft
  4. 4 beds, 3 baths
    Home size: 1,912 sq ft
    Lot size: 5,998 sqft
  5. 4 beds, 3 baths
    Home size: 3,166 sq ft
    Lot size: 9,374 sqft

See all Real estate in the 95124 zip code.
(all data current as of 9/20/2017)

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

  1. 4 beds, 3 baths
    Home size: 1,885 sq ft
    Lot size: 7,875 sqft
  2. 4 beds, 3 baths
    Home size: 1,981 sq ft
    Lot size: 8,280 sqft
  3. 3 beds, 2 baths
    Home size: 1,298 sq ft
    Lot size: 6,664 sqft
  4. 4 beds, 2 baths
    Home size: 1,408 sq ft
    Lot size: 5,985 sqft
  5. 3 beds, 2 baths
    Home size: 1,211 sq ft
    Lot size: 5,998 sqft

See all Real estate in the 95118 zip code.
(all data current as of 9/20/2017)

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

 

 

Love Cambrian?Learn more about it here!

 

See also:  Cambrian Park homes for sale

Translation

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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
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San Mateo County, and
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