Updating the Campbell Real Estate Market
The Campbell, CA, real estate market for condos and townhouses has been a little up & down, but for houses it’s a stronger market. That does not mean that prices in Campbell are where the owners or sellers would like them to be – just that residential real estate which is appropriately priced is selling pretty well.
Here’s a visual of market conditions (not prices) generally, through June 2011:
What about prices and home values? Are they holding up?
Campbell houses for sale: prices appear to be slipping slightly. Some volatility is to be expected this year and next, so it’s possible to see some up and down (but probably not super dramatic unless you just barely have equity and it’s the difference between being able to sell without bringing money to the closing table or not). Here are the figures for June – see the whole report on my R E Report site for Campbell CA houses:
| Trends At a Glance | Jun 2011 | Previous Month | Year-over Year |
|---|---|---|---|
| Median Price | $667,500 | $678,500 (-1.6%) | $743,425 (-10.2%) |
| Average Price | $685,346 | $698,073 (-1.8%) | $771,515 (-11.2%) |
| No. of Sales | 23 | 24 (-4.2%) | 26 (-11.5%) |
| Pending Properties | 38 | 46 (-17.4%) | 45 (-15.6%) |
| Active | 66 | 55 (+20.0%) | 77 (-14.3%) |
| Sale vs. List Price | 99.3% | 98.6% (+0.7%) | 98.5% (+0.8%) |
| Days on Market | 24 | 55 (-56.5%) | 44 (-45.8%) |
The market for houses is good, but pricing is soft, as you can see in the numbers above.
What about for condos?
Condominiums and townhouses in Campbell – see the full real estate report online (updated each month around the 5th – 8th). Isn’t it interesting that although it’s a cool or cold buyer’s market, prices there are actually inching up pretty noticeably. That is very good news to condo and townhome owners who want to be doing a “move up”.
| Trends At a Glance | Jun 2011 | Previous Month | Year-over Year |
|---|---|---|---|
| Median Price | $462,500 | $390,000 (+18.6%) | $400,000 (+15.6%) |
| Average Price | $431,000 | $406,364 (+6.1%) | $379,785 (+13.5%) |
| No. of Sales | 6 | 11 (-45.5%) | 13 (-53.8%) |
| Pending Properties | 33 | 22 (+50.0%) | 25 (+32.0%) |
| Active | 42 | 43 (-2.3%) | 31 (+35.5%) |
| Sale vs. List Price | 96.7% | 96.0% (+0.7%) | 99.0% (-2.3%) |
| Days on Market | 36 | 81 (-55.2%) | 46 (-21.1%) |
Next we’ll take a brief overview of the “big picture” in Campbell’s housing market by looking at statistics related to currently listed homes for both houses and condos or townhomes there. (Charts and data by Altos Research, to which I have a subscription and permission to use here.)
Median Price of condominiums and single family homes:
It’s interesting to see that there’s a rise in the median list price of houses for sale in Campbell whereas a leveling off with the condos and townhouses.
Inventory of houses and condos and townhouses in Campbell – both classes of housing are seeing a rise in inventory, but it’s more dramatic among houses:
Days on the market for homes for sale in Campbell – the two “markets” are now dialectical!
These numbers – for both houses and condos – can only give you a broad picture of what’s going on. If there are no homes for sale in your townhome community and it’s in a great area, and you price it well etc., you should find it relatively easy to sell. But if there is too much supply (too many similar homes on the market), it will be far more challenging to sell.
The residential real estate market, like everything else, is all about supply and demand. For information on your specific neighborhood, please call me or email me today.
For more reading on Campbell CA real estate:
Affordable, Inexpensive Real Estate and Houses for Sale in Campbell, CA
Campbell, California: Once the Heart of the Fruit Canning Industry
Find Campbell, CA Houses for Sale:
Showing properties
1 - 5 of 27.
See more city of Campbell real estate.
(all data current as of
2/8/2012)
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$1,299,000 : 1284 Walnut Dr, Campbell6 beds, 3 full, 1 part baths
-
$865,900 : 1232 Theresa Av, Campbell3 beds, 3 full baths
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$525,000 : 303 Virginia Av, Campbell3 beds, 1 full, 1 part baths
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$639,000 : 1555 Westmont Av, Campbell3 beds, 2 full baths
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$569,999 : 560 Kenneth Av, Campbell3 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Browse Campbell, CA Condos Listed for Sale on the MLS:
Showing properties
1 - 5 of 8.
See more city of Campbell real estate.
(all data current as of
2/8/2012)
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$325,000 : 67 Dot Av, Campbell2 beds, 1 full, 1 part baths
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$164,000 : 185 Union Av #59, Campbell1 bed, 1 full bath
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$379,000 : 860 Apricot Av #E, Campbell2 beds, 2 full baths
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$270,000 : 2785 S Bascom Av #22, Campbell3 beds, 2 full, 1 part baths
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$508,000 : 912 Campisi Wy #205, Campbell2 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
View townhouses or townhomes in Campbell, California, listed for sale on the multiple listing service (MLS):
Showing properties
1 - 5 of 13.
See more city of Campbell real estate.
(all data current as of
2/8/2012)
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$359,950 : 108 Bascom Ct, Campbell2 beds, 2 full, 1 part baths
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$375,000 : 433 W Rincon Av #J, Campbell2 beds, 1 full, 1 part baths
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$399,900 : 101 W Rincon Av, Campbell2 beds, 1 full, 1 part baths
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$510,000 : 576 W Hacienda Av, Campbell3 beds, 2 full, 1 part baths
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$345,100 : 236 W Rincon Av #C, Campbell2 beds, 2 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Tags: buyer's market, Campbell real estate market, condos, days on market, houses, housing market, inventory, Townhomes, townhouse
