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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

Real Estate Search

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 seeing mild seasonal cooling taking place with unimpressive month over month numbers – in many segments, it’s flat, and in others a mild increase or decrease in pricing – but still very decent year over year appreciation.  Low inventory continues to make things difficult for home buyers. (Be sure to read to the end to see the live Altos charts too.)

Sales have been low because inventory’s been low – but you can see a slight uptick in the chart below.

Cambrian San Jose Real Estate Market June 2014 closings

 

Here are the June numbers:

TRENDS AT A GLANCE JUN 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price 0.0% $820,000 $820,000 +8.5% $755,500
Average Sales Price -3.0% $839,408 $864,978 +12.5% $745,856
No. of Homes Sold -28.0% 54 75 -25.0% 72
Pending Properties -2.0% 50 51 -32.4% 74
Foreclosures Sold -100.0% 0 1 -100.0% 2
Short Sales Sold N/A 0 0 -100.0% 6
Active Listings +4.7% 45 43 -54.1% 98
Active Foreclosures N/A 0 0 -100.0% 2
Active Short Sales N/A 0 0 -100.0% 7
Sales Price vs. List Price -0.9% 104.5% 105.5% -1.7% 106.3%
Average Days on Market -2.2% 16 16 -20.4% 20

and the month before:

TRENDS AT A GLANCE MAY 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price -1.7% $819,500 $833,250 +9.3% $750,000
Average Sales Price -0.5% $860,032 $864,777 +10.7% $776,943
No. of Homes Sold 0.0% 72 72 0.0% 72
Pending Properties -35.9% 41 64 -51.8% 85
Foreclosures Sold N/A 1 0 N/A 0
Short Sales Sold -100.0% 0 1 -100.0% 6
Active Listings -14.6% 41 48 -43.8% 73
Active Foreclosures -100.0% 0 1 -100.0% 3
Active Short Sales N/A 0 0 -100.0% 9
Sales Price vs. List Price -1.3% 105.7% 107.0% -1.2% 106.9%
Average Days on Market -3.2% 16 17 -7.9% 18

 

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 townhouse and condo real estate market in San Jose’s Cambrian area – we are seeing some pullback here too, finally – really more of a leveling off.
TRENDS AT A GLANCE JUN 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price -11.7% $393,000 $445,000 +13.1% $347,500
Average Sales Price -0.6% $438,667 $441,143 +16.5% $376,667
No. of Homes Sold +28.6% 9 7 +50.0% 6
Pending Properties -40.0% 6 10 -40.0% 10
Foreclosures Sold -100.0% 0 1 N/A 0
Short Sales Sold N/A 0 0 -100.0% 1
Active Listings 0.0% 6 6 -57.1% 14
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales 0.0% 1 1 -83.3% 6
Sales Price vs. List Price -1.5% 103.1% 104.7% -6.2% 109.9%
Average Days on Market +28.9% 14 11 +15.1% 12

and the month prior:

TRENDS AT A GLANCE MAY 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price +8.5% $445,000 $410,000 +34.8% $330,000
Average Sales Price +5.7% $420,500 $397,900 +13.2% $371,390
No. of Homes Sold -53.8% 6 13 -14.3% 7
Pending Properties +20.0% 6 5 -14.3% 7
Foreclosures Sold N/A 1 0 N/A 0
Short Sales Sold -100.0% 0 1 N/A 0
Active Listings +12.5% 9 8 -18.2% 11
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales 0.0% 1 1 -85.7% 7
Sales Price vs. List Price +1.2% 104.2% 102.9% -2.8% 107.2%
Average Days on Market -48.5% 11 22 -28.9% 16
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: Real Estate Market Chart by Altos Research www.altosresearch.com 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:

See all Real estate in the 95118 zip code.
(all data current as of 8/1/2014)

  1. 3 beds, 2 full baths
    Home size: 1,220 sq ft
    Lot size: 6,760 sqft
  2. 4 beds, 2 full, 1 part baths
    Home size: 1,996 sq ft
    Lot size: 6,180 sqft
  3. 4 beds, 2 full, 1 part baths
    Home size: 2,362 sq ft
    Lot size: 4,292 sqft
  4. 4 beds, 2 full baths
    Home size: 1,782 sq ft
    Lot size: 6,300 sqft
  5. 4 beds, 2 full, 1 part baths
    Home size: 2,030 sq ft
    Lot size: 6,283 sqft

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

See all Real estate in the 95118 zip code.
(all data current as of 8/1/2014)

  1. 3 beds, 2 full baths
    Home size: 1,220 sq ft
    Lot size: 6,760 sqft
  2. 4 beds, 2 full, 1 part baths
    Home size: 1,996 sq ft
    Lot size: 6,180 sqft
  3. 4 beds, 2 full, 1 part baths
    Home size: 2,362 sq ft
    Lot size: 4,292 sqft
  4. 4 beds, 2 full baths
    Home size: 1,782 sq ft
    Lot size: 6,300 sqft
  5. 4 beds, 2 full, 1 part baths
    Home size: 2,030 sq ft
    Lot size: 6,283 sqft

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:

See all Real estate in the 95124 zip code.
(all data current as of 8/1/2014)

  1. 3 beds, 2 full baths
    Home size: 1,563 sq ft
    Lot size: 8,580 sqft
  2. 5 beds, 2 full baths
    Home size: 2,255 sq ft
    Lot size: 8,260 sqft
  3. 3 beds, 2 full, 1 part baths
    Home size: 1,438 sq ft
    Lot size: 4,750 sqft
  4. 4 beds, 2 full baths
    Home size: 1,935 sq ft
    Lot size: 6,380 sqft
  5. 3 beds, 2 full baths
    Home size: 1,143 sq ft
    Lot size: 5,967 sqft

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

See all Real estate in the 95118 zip code.
(all data current as of 8/1/2014)

  1. 3 beds, 2 full baths
    Home size: 1,220 sq ft
    Lot size: 6,760 sqft
  2. 4 beds, 2 full, 1 part baths
    Home size: 1,996 sq ft
    Lot size: 6,180 sqft
  3. 4 beds, 2 full, 1 part baths
    Home size: 2,362 sq ft
    Lot size: 4,292 sqft
  4. 4 beds, 2 full baths
    Home size: 1,782 sq ft
    Lot size: 6,300 sqft
  5. 4 beds, 2 full, 1 part baths
    Home size: 2,030 sq ft
    Lot size: 6,283 sqft

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

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Listing information is deemed reliable, but not guaranteed. Listings last updated 8/1/14 7:33 PM PDT.

Copyright 2014 MLSListings Inc. All rights reserved.

This IDX solution is (c) Diverse Solutions 2014.