Translate to:

Website Translation GTS Translation

Categories
Let’s Connect
Find Mary on FacebookFollow Mary on TwitterRSS FeedFollow Mary on YouTube

Contact Mary
Mary Pope-Handy
Realtor
CRS, ABR, E-Pro, 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
+
+


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:

Campbell CA June 2011 Residential Real Estate Numbers

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:

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

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:

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

Days on the market for homes for sale in Campbell – the two “markets” are now dialectical!

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 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)

  1. 6 beds, 3 full, 1 part baths
    Home size: 3,606 sq ft
    Lot size: 13,068 sq ft
    Broker reciprocity icon
  2. 3 beds, 3 full baths
    Home size: 1,970 sq ft
    Lot size: 7,980 sq ft
    Broker reciprocity icon
  3. 3 beds, 1 full, 1 part baths
    Home size: 1,125 sq ft
    Lot size: 6,000 sq ft
    Broker reciprocity icon
  4. 3 beds, 2 full baths
    Home size: 1,204 sq ft
    Lot size: 6,000 sq ft
    Broker reciprocity icon
  5. 3 beds, 2 full baths
    Home size: 1,431 sq ft
    Lot size: 6,098 sq ft
    Broker reciprocity icon

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)

  1. 2 beds, 1 full, 1 part baths
    Home size: 1,060 sq ft
    Lot size: 900 sq ft
    Broker reciprocity icon
  2. 1 bed, 1 full bath
    Home size: 704 sq ft
    Lot size: 704 sq ft
    Broker reciprocity icon
  3. 2 beds, 2 full baths
    Home size: 1,065 sq ft
    Lot size: 1,306 sq ft
    Broker reciprocity icon
  4. 3 beds, 2 full, 1 part baths
    Home size: 1,262 sq ft
    Lot size: 740 sq ft
    Broker reciprocity icon
  5. 2 beds, 2 full baths
    Home size: 1,485 sq ft
    Broker reciprocity icon

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)

  1. 2 beds, 2 full, 1 part baths
    Home size: 1,277 sq ft
    Lot size: 1,054 sq ft
    Broker reciprocity icon
  2. 2 beds, 1 full, 1 part baths
    Home size: 1,134 sq ft
    Lot size: 1,306 sq ft
    Broker reciprocity icon
  3. 2 beds, 1 full, 1 part baths
    Home size: 1,141 sq ft
    Lot size: 1,168 sq ft
    Broker reciprocity icon
  4. 3 beds, 2 full, 1 part baths
    Home size: 1,820 sq ft
    Lot size: 2,400 sq ft
    Broker reciprocity icon
  5. 2 beds, 2 full, 1 part baths
    Home size: 1,319 sq ft
    Lot size: 1,306 sq ft
    Broker reciprocity icon

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

Share

Tags: , , , , , , , ,

Leave a Reply

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 2/8/12 1:12 PM PST.

Copyright 2012 MLSListings Inc. All rights reserved.

This IDX solution is (c) Diverse Solutions 2012.