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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:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
:
Special focus on:
San Jose, Los Gatos,
Saratoga, Campbell,
Almaden Valley,
Cambrian Park.

The Cambrian Park Real Estate Market Update

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 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 9.2% year-over-year to $843,188 from $772,500.
  • The average home sales price rose by 14.9% year-over-year to $901,770 from $785,039.
  • Home sales fell by 16.1% year-over-year to 26 from 31.
  • Active listings fell 36.1% year-over-year to 53 from 83.
  • Sales price vs. list price ratio rose by 2.5% year-over-year to 108.2% from 105.6%.
  • The average days on market rose by 4.9% year-over-year to 16 from 15.

Compared To Last Month

  • Median home prices improved by 5.4% to $843,188 from $800,000.
  • The average home sales price rose by 13.1% to $901,770 from $797,158.
  • Home sales up by 36.8% to 26 from 19.
  • Active listings increased 29.3% to 53 from 41.
  • Sales price vs. list price ratio increased by 1.8% to 108.2% from 106.3%.
  • The average days on market dropped by 43.3% to 16 from 28.
 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 year over year, but  month over month is up slightly. The market for condos and townhomes in Cambrian is not at all like the house market!

Please see the Cambrian Condominium & Townhouse Real Estate Report for all of the numbers in this area and the rest of Santa Clara County!
Trends at a Glance FEB 2015 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price +34.6% $498,000 $370,000 -15.4% $589,000
Average Sales Price +16.5% $505,000 $433,429 -4.6% $529,500
No. of Homes Sold +42.9% 10 7 +42.9% 7
Pending Properties -20.0% 8 10 -33.3% 12
Foreclosures Sold N/A 1 0 N/A 0
Short Sales Sold N/A 0 0 N/A 0
Active Listings -50.0% 4 8 -73.3% 15
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales N/A 0 0 N/A 0
Sales Price vs. List Price -1.3% 103.5% 104.9% +1.1% 102.4%
Average Days on Market +30.4% 31 24 -4.7% 33

And from last month:

Cambrian Stats At A Glance

Year-Over-Year

  • Median home prices fell by 15.4% year-over-year to $498,000 from $589,000.
  • The average home sales price dropped by 4.6% year-over-year to $505,000 from $529,500.
  • Home sales rose by 42.9% year-over-year to 10 from 7.
  • Active listings fell 55.6% year-over-year to 12 from 27.
  • Sales price vs. list price ratio rose by 1.1% year-over-year to 103.5% from 102.4%.
  • The average days on market fell by 4.7% year-over-year to 31 from 33.

Compared To Last Month

  • Median home prices improved by 34.6% to $498,000 from $370,000.
  • The average home sales price rose by 16.5% to $505,000 from $433,429.
  • Home sales up by 42.9% to 10 from 7.
  • Active listings dropped 33.3% to 12 from 18.
  • Sales price vs. list price ratio dropped by 1.3% to 103.5% from 104.9%.
  • The average days on market increased by 30.4% to 31 from 24.

 

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:

See all Real estate in the 95118 zip code.
(all data current as of 3/30/2015)

  1. 3 beds, 2 full baths
    Home size: 1,188 sq ft
    Lot size: 6,011 sqft
  2. 3 beds, 2 full baths
    Home size: 1,614 sq ft
    Lot size: 6,316 sqft
  3. 3 beds, 2 full baths
    Home size: 1,420 sq ft
    Lot size: 6,141 sqft
  4. 4 beds, 2 full baths
    Home size: 1,140 sq ft
    Lot size: 5,000 sqft
  5. 3 beds, 2 full baths
    Home size: 1,359 sq ft
    Lot size: 7,013 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 3/30/2015)

  1. 3 beds, 2 full baths
    Home size: 1,188 sq ft
    Lot size: 6,011 sqft
  2. 3 beds, 2 full baths
    Home size: 1,614 sq ft
    Lot size: 6,316 sqft
  3. 3 beds, 2 full baths
    Home size: 1,420 sq ft
    Lot size: 6,141 sqft
  4. 4 beds, 2 full baths
    Home size: 1,140 sq ft
    Lot size: 5,000 sqft
  5. 3 beds, 2 full baths
    Home size: 1,359 sq ft
    Lot size: 7,013 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 3/30/2015)

  1. 3 beds, 2 full baths
    Home size: 1,066 sq ft
    Lot size: 6,185 sqft
  2. 3 beds, 2 full baths
    Home size: 1,518 sq ft
    Lot size: 6,838 sqft
  3. 4 beds, 2 full baths
    Home size: 1,626 sq ft
    Lot size: 6,098 sqft
  4. 3 beds, 2 full baths
    Home size: 1,320 sq ft
    Lot size: 5,227 sqft
  5. 4 beds, 3 full baths
    Home size: 1,442 sq ft
    Lot size: 5,096 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 3/30/2015)

  1. 3 beds, 2 full baths
    Home size: 1,188 sq ft
    Lot size: 6,011 sqft
  2. 3 beds, 2 full baths
    Home size: 1,614 sq ft
    Lot size: 6,316 sqft
  3. 3 beds, 2 full baths
    Home size: 1,420 sq ft
    Lot size: 6,141 sqft
  4. 4 beds, 2 full baths
    Home size: 1,140 sq ft
    Lot size: 5,000 sqft
  5. 3 beds, 2 full baths
    Home size: 1,359 sq ft
    Lot size: 7,013 sqft

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

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