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 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. Year over year stats tells us sales are up.  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 area sales at a glance:

Year-Over-Year

  • Median home prices increased by 7.3% year-over-year to $1,020,000 from $950,500.
  • The average home sales price rose by 5.2% year-over-year to $1,064,450 from $1,011,840.
  • Home sales rose by 22.7% year-over-year to 81 from 66.
  • Active listings fell 12.1% year-over-year to 102 from 116.
  • Sales price vs. list price ratio fell by 4.8% year-over-year to 104.1% from 109.3%.
  • The average days on market rose by 33.0% year-over-year to 16 from 12.

Compared To Last Month

  • Median home prices slipped by 1.4% to $1,020,000 from $1,035,000.
  • The average home sales price rose by 1.1% to $1,064,450 from $1,052,440.
  • Home sales up by 37.3% to 81 from 59.
  • Active listings dropped 16.4% to 102 from 122.
  • Sales price vs. list price ratio dropped by 2.2% to 104.1% from 106.4%.
  • The average days on market increased by 46.9% to 16 from 11.

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.

 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; 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 is on the rise since December. The condo market has slowed slightly as well. The sales to list price around 101% and the average days on market, while short, has risen to 23 days. These properties are competing in a sellers market that is almost keeping up with the current housing market.

The Real Estate Report for condo sales

Cambrian townhomes and condominium real estate market stats:

Year-Over-Year

  • Median home prices fell by 3.1% year-over-year to $516,500 from $533,000.
  • The average home sales price dropped by 7.5% year-over-year to $505,500 from $546,406.
  • Home sales fell by 62.5% year-over-year to 6 from 16.
  • Active listings rose 20.0% year-over-year to 18 from 15.
  • Sales price vs. list price ratio fell by 6.6% year-over-year to 101.4% from 108.6%.
  • The average days on market rose by 119.8% year-over-year to 23 from 10.

Compared To Last Month

  • Median home prices slipped by 26.2% to $516,500 from $700,000.
  • The average home sales price fell by 29.7% to $505,500 from $719,286.
  • Home sales down by 14.3% to 6 from 7.
  • Active listings dropped 5.3% to 18 from 19.
  • Sales price vs. list price ratio dropped by 4.2% to 101.4% from 105.8%.
  • The average days on market increased by 126.8% to 23 from 10.

 

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: 1,373 sq ft
    Lot size: 6,708 sqft
  2. 3 beds, 2 full baths
    Home size: 1,475 sq ft
    Lot size: 6,185 sqft
  3. 3 beds, 2 full baths
    Home size: 1,700 sq ft
    Lot size: 6,011 sqft
  4. 3 beds, 2 full baths
    Home size: 1,504 sq ft
    Lot size: 7,710 sqft
  5. 3 beds, 2 full baths
    Home size: 1,614 sq ft
    Lot size: 6,011 sqft

See all Real estate and homes in 95118 zip code.
(all data current as of 7/24/2016)

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

  1. 3 beds, 2 full baths
    Home size: 1,373 sq ft
    Lot size: 6,708 sqft
  2. 3 beds, 2 full baths
    Home size: 1,475 sq ft
    Lot size: 6,185 sqft
  3. 3 beds, 2 full baths
    Home size: 1,700 sq ft
    Lot size: 6,011 sqft
  4. 3 beds, 2 full baths
    Home size: 1,504 sq ft
    Lot size: 7,710 sqft
  5. 3 beds, 2 full baths
    Home size: 1,614 sq ft
    Lot size: 6,011 sqft

See all Real estate and homes in 95118 zip code.
(all data current as of 7/24/2016)

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: 1,655 sq ft
    Lot size: 7,492 sqft
  2. 3 beds, 1 full bath
    Home size: 1,060 sq ft
    Lot size: 5,096 sqft
  3. 4 beds, 3 full baths
    Home size: 1,916 sq ft
    Lot size: 6,316 sqft
  4. 3 beds, 2 full baths
    Home size: 1,407 sq ft
    Lot size: 6,011 sqft
  5. 4 beds, 3 full baths
    Home size: 2,004 sq ft
    Lot size: 8,624 sqft

See all Real estate and homes in 95124 zip code.
(all data current as of 7/24/2016)

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

  1. 3 beds, 2 full baths
    Home size: 1,373 sq ft
    Lot size: 6,708 sqft
  2. 3 beds, 2 full baths
    Home size: 1,475 sq ft
    Lot size: 6,185 sqft
  3. 3 beds, 2 full baths
    Home size: 1,700 sq ft
    Lot size: 6,011 sqft
  4. 3 beds, 2 full baths
    Home size: 1,504 sq ft
    Lot size: 7,710 sqft
  5. 3 beds, 2 full baths
    Home size: 1,614 sq ft
    Lot size: 6,011 sqft

See all Real estate and homes in 95118 zip code.
(all data current as of 7/24/2016)

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

 

 

Translation

by Transposh - translation plugin for wordpress
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.
Let’s Connect
Find Mary on FacebookFollow Mary on Twitter
RSS FeedFollow Mary on YouTube

Please see more icons
at the bottom of the page.

The real estate search
Use the widget below to browse properties which are for sale, under contract (pending) or sold. Want to view only homes which are available now? Use the "find a home" link on the menu above (next to the "home" button).
Mary’s other sites & blogs
Valley Of Hearts Delight
Santa Clara County Real Estate,
with an interest in history

Move2SiliconValley.com
Silicon Valley relocation info

popehandy.com
Silicon Valley real estate,
focus on home selling

Silicon Valley Real Estate Report
Silicon Valley real estate
market trends & statistics

best realtor blog

"Best real estate agent
in Silicon Valley"

2011 readers' poll,
San Jose Mercury News

Categories
Site Statistics
  • Users online: 24 
  • Visitors today : 1,147
  • Page views today : 2,927