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 increased by 7.2% year-over-year to $1,080,000 from $1,007,500.
  • The average home sales price rose by 1.8% year-over-year to $1,093,360 from $1,073,590.
  • Home sales rose by 27.3% year-over-year to 28 from 22.
  • Active listings fell 15.7% year-over-year to 59 from 70.
  • Sales price vs. list price ratio rose by 0.2% year-over-year to 106.9% from 106.6%.
  • The average days on market rose by 59.0% year-over-year to 19 from 12.

Compared To Last Month

  • Median home prices improved by 13.1% to $1,080,000 from $955,000.
  • The average home sales price rose by 7.7% to $1,093,360 from $1,015,240.
  • Home sales up by 33.3% to 28 from 21.
  • Active listings increased 31.1% to 59 from 45.
  • Sales price vs. list price ratio increased by 4.8% to 106.9% from 102.0%.
  • The average days on market dropped by 37.6% to 19 from 30.

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 market inventory hasn’t changed from a year ago this month. The average days on market has dropped to 13 days. Sales to list price remains over 100%, rising to 103%, meaning the market is more stable than it seems.

The Real Estate Report for condo sales

Cambrian townhomes and condominium real estate market stats:

Year-Over-Year

  • Median home prices increased by 9.5% year-over-year to $520,000 from $475,000.
  • The average home sales price rose by 17.2% year-over-year to $608,625 from $519,222.
  • Home sales fell by 11.1% year-over-year to 8 from 9.
  • Active listings fell 8.3% year-over-year to 11 from 12.
  • Sales price vs. list price ratio fell by 3.5% year-over-year to 103.0% from 106.7%.
  • The average days on market rose by 19.7% year-over-year to 13 from 10.

Compared To Last Month

  • Median home prices slipped by 8.8% to $520,000 from $570,000.
  • The average home sales price rose by 7.5% to $608,625 from $566,357.
  • Home sales up by 14.3% to 8 from 7.
  • Active listings increased 10.0% to 11 from 10.
  • Sales price vs. list price ratio increased by 2.7% to 103.0% from 100.3%.
  • The average days on market dropped by 76.5% to 13 from 53.
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, 2 full baths
    Home size: 1,286 sq ft
    Lot size: 6,098 sqft
  2. 3 beds, 2 full baths
    Home size: 1,647 sq ft
    Lot size: 6,838 sqft
  3. 5 beds, 3 full baths
    Home size: 1,852 sq ft
    Lot size: 6,098 sqft
  4. 4 beds, 2 full baths
    Home size: 1,594 sq ft
    Lot size: 6,795 sqft
  5. 3 beds, 2 full baths
    Home size: 1,100 sq ft
    Lot size: 6,054 sqft

See all Real estate in the 95118 zip code.
(all data current as of 3/27/2017)

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

  1. 3 beds, 2 full baths
    Home size: 1,286 sq ft
    Lot size: 6,098 sqft
  2. 3 beds, 2 full baths
    Home size: 1,647 sq ft
    Lot size: 6,838 sqft
  3. 5 beds, 3 full baths
    Home size: 1,852 sq ft
    Lot size: 6,098 sqft
  4. 4 beds, 2 full baths
    Home size: 1,594 sq ft
    Lot size: 6,795 sqft
  5. 3 beds, 2 full baths
    Home size: 1,100 sq ft
    Lot size: 6,054 sqft

See all Real estate in the 95118 zip code.
(all data current as of 3/27/2017)

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. 5 beds, 3 full baths
    Home size: 2,561 sq ft
    Lot size: 6,011 sqft
  2. 4 beds, 2 full baths
    Home size: 1,344 sq ft
    Lot size: 9,844 sqft
  3. 4 beds, 2 full baths
    Home size: 1,720 sq ft
    Lot size: 7,318 sqft
  4. 3 beds, 2 full baths
    Home size: 1,290 sq ft
    Lot size: 5,967 sqft
  5. 4 beds, 3 full baths
    Home size: 2,392 sq ft
    Lot size: 7,274 sqft

See all Real estate in the 95124 zip code.
(all data current as of 3/27/2017)

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

  1. 3 beds, 2 full baths
    Home size: 1,286 sq ft
    Lot size: 6,098 sqft
  2. 3 beds, 2 full baths
    Home size: 1,647 sq ft
    Lot size: 6,838 sqft
  3. 5 beds, 3 full baths
    Home size: 1,852 sq ft
    Lot size: 6,098 sqft
  4. 4 beds, 2 full baths
    Home size: 1,594 sq ft
    Lot size: 6,795 sqft
  5. 3 beds, 2 full baths
    Home size: 1,100 sq ft
    Lot size: 6,054 sqft

See all Real estate in the 95118 zip code.
(all data current as of 3/27/2017)

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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