How is the Campbell real estate market?How is the Campbell real estate market?  Campbell is in a fairly strong seller’s market, but like the rest of the county, is in a period of leveling off in terms of pricing, numbers of offers, and sale price to list price ratio. 

If you’re selling, perhaps a few months ago, you’d have gotten 6 or 8 offers on your well prepared, beautifully staged, and aggressively priced home for sale. Now, maybe it is 3 or 4 offers instead. The offers are often coming in with no contingencies, but there just aren’t as many.  The massive overbids are becoming a little less massive.

Part of this seems to be seasonal fluctuation. In my 25 years of selling homes in the Santa Clara Valley,  I have seen that in MOST years, late spring and early summer sees a flattening of the market, sometimes even a slight decline in pricing, after the peak months of January through April. Last year, the market was so fiercely competitive that we didn’t see that pattern at all. One statistics expert said to me that “the pattern is broken”. But – it looks to me like it’s back

Further down in this article, we’ll utilize the graphs from Altos Research, which uses list prices, and check out the trends in pricing by quartile in this zip code (meaning 4 groups based on the pricing tier from least to most expensive). Campbell condominiums and townhomes will be considered as well. And finally, a list of homes for sale in Campbell will be found at the bottom of the post.

And now –  here are some quick stats, care of my RE Report for Campbell:

CAMPBELL real estate market trends and statistics

Trends At a Glance May 2018 Previous Month Year-over-Year
Median Price $1,574,000 (+1.2%) $1,555,000 $1,250,000 (+25.9%)
Average Price $1,639,770 (+1.0%) $1,623,920 $1,273,540 (+28.8%)
No. of Sales 36 (+80.0%) 20 42 (-14.3%)
Pending 31 (+3.3%) 30 43 (-27.9%)
Active 29 (+26.1%) 23 18 (+61.1%)
Sale vs. List Price 109.7% (-2.7%) 112.7% 107.4% (+2.1%)
Days on Market 14 (+35.4%) 10 26 (-46.5%)
Days of Inventory 24 (-27.5%) 33 13 (+88.0%)

 

And last month’s chart for comparison:

 

What about the Campbell CA condo market?

Usually condo markets show more fluctuation due to their smaller inventory with a great variety of properties – in Campbell, however, the numbers have been pretty consistent. Listings are selling at a spitfire pace in only one week and at 116.8% above list price on average this past month. Keep in mind, though, that fewer sales means low data which can make these statistics wonky. The Campbell CA condo market remains a sellers market, and is keeping up with the housing market.  See the full report for the Campbell California condo market here

Trends At a Glance May 2018 Previous Month Year-over-Year
Median Price $975,000 (+0.5%) $970,000 $719,500 (+35.5%)
Average Price $1,016,360 (+8.7%) $934,792 $725,208 (+40.1%)
No. of Sales 13 (+8.3%) 12 12 (+8.3%)
Pending 18 (+28.6%) 14 (+157.1%)
Active 12 (+300.0%) 3 (+140.0%)
Sale vs. List Price 115.9% (-0.7%) 116.8% 103.4% (+12.1%)
Days on Market (+3.3%) 9 (+22.4%)
Days of Inventory 28 (+282.0%) 7 13 (+121.5%)

 

And from last month:

 

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 list price of condos and single family homes in Campbell.

From this first chart, it would appear that the housing market is experiencing a slight decline while the condo market is rising slightly after an earlier winter slowdown. Low data means many more fluctuations in Campbell for condos and townhomes than in single family market, which is made visible below.

Real Estate Market Chart by Altos Research www.altosresearch.com

Inventory was slipping for both condos and houses since a peak in mid to late 2014. In mid-2017, inventory began to rise again for a little while, but started a new decent through winter. Recently inventory has begun to rise again, most likely due to typical seasonal trends, and it will need to rise much higher to meet demand.
Real Estate Market Chart by Altos Research www.altosresearch.com

Days on the market for homes for sale in Campbell – the two “markets” are were fairly similar overall for a long while but over the last year condos have been selling consistently much faster than homes. Both markets are holding steady with low days on market.

Real Estate Market Chart by Altos Research www.altosresearch.com

 

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

Scenic Percolation Ponds in Campbell Serve Important Functions

A leisurely Sunday & photos of downtown Campbell

Campbell’s “Skull & Crossbones” house

 

Find Campbell, CA Houses for Sale:

  1. 4 beds, 2 baths
    Home size: 1,703 sq ft
    Lot size: 6,385 sqft
  2. 3 beds, 2 baths
    Home size: 1,498 sq ft
    Lot size: 9,265 sqft
  3. 3 beds, 2 baths
    Home size: 1,037 sq ft
    Lot size: 6,655 sqft
  4. 2 beds, 1 bath
    Home size: 1,140 sq ft
    Lot size: 9,456 sqft
  5. 5 beds, 4 baths
    Home size: 3,800 sq ft
    Lot size: 6,825 sqft

See all Real estate in the city of Campbell.
(all data current as of 7/21/2018)

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

Browse Campbell, CA Condos Listed for Sale on the MLS:

  1. 2 beds, 2 baths
    Home size: 931 sq ft
    Lot size: 919 sqft
  2. 3 beds, 3 baths
    Home size: 2,002 sq ft
    Lot size: 1,720 sqft
  3. 3 beds, 3 baths
    Home size: 1,789 sq ft
    Lot size: 2,609 sqft
  4. 3 beds, 3 baths
    Home size: 1,500 sq ft
    Lot size: 1,585 sqft
  5. 2 beds, 2 baths
    Home size: 992 sq ft
    Lot size: 997 sqft

See all Real estate in the city of Campbell.
(all data current as of 7/21/2018)

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):

  1. 2 beds, 2 baths
    Home size: 931 sq ft
    Lot size: 919 sqft
  2. 3 beds, 3 baths
    Home size: 2,002 sq ft
    Lot size: 1,720 sqft
  3. 3 beds, 3 baths
    Home size: 1,789 sq ft
    Lot size: 2,609 sqft
  4. 3 beds, 3 baths
    Home size: 1,500 sq ft
    Lot size: 1,585 sqft
  5. 2 beds, 2 baths
    Home size: 992 sq ft
    Lot size: 997 sqft

See all Real estate in the city of Campbell.
(all data current as of 7/21/2018)

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

Translation

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
Mary’s Blog Awards
Top 25 real estate blogs of 2018 by RentPrep2018 RentPrep.com's list of top 25 real estate blogs to follow


Top 25 real estate blogs 2016
2016: Personal Income's list of top 25 real estate blogs.


Best Realtor blog award
2016: Coastal Group OC's list of best Realtor blogs


The 2009 Sellsius list of top 12 women real estate bloggers
2009: Sellsius list of top
12 women real estate bloggers


Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.


Non blog award


Best real estate agent in Silicon Valley from the San Jose Mercury News poll of readers in 2011
"Best real estate agent
in Silicon Valley"

2011 readers' poll,
San Jose Mercury News

Categories