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It is a fairly strong seller’s market in the Cambrian Park area of San Jose.  Sales are up, inventory is down, and the list price to sales price ratio is at almost 102%.  Days on market are down for houses (which make up most of the market).  Some indicators are still negative but most are improving.

Here are the numbers from my online Silicon Valley Real Estate Report for single family homes – houses & duet homes (click on the link for the whole report):

 

Trends At a Glance Nov 2009 Previous Month Year-over Year
Median Price $585,000 $617,500 (-5.3%) $584,500 (+0.1%)
Average Price $612,195 $644,434 (-5.0%) $629,332 (-2.7%)
No. of Sales 57 48 (+18.8%) 34 (+67.6%)
Pending Properties 77 93 (-17.2%) 43 (+79.1%)
Active 80 81 (-1.2%) 204 (-60.8%)
Sale vs. List Price 101.9% 98.7% (+3.3%) 98.6% (+3.3%)
Days on Market 36 45 (-18.6%) 50 (-26.8%)

 

And for the condo and townhouse market in Cambrian Park, things are looking up quite dramatically, with prices even higher than a year ago:

 

Trends At a Glance Nov 2009 Previous Month Year-over Year
Median Price $440,000 $355,000 (+23.9%) $425,000 (+3.5%)
Average Price $410,555 $325,154 (+26.3%) $365,100 (+12.5%)
No. of Sales 11 13 (-15.4%) (+120.0%)
Pending Properties 30 33 (-9.1%) (+233.3%)
Active 13 10 (+30.0%) 57 (-77.2%)
Sale vs. List Price 99.0% 102.3% (-3.2%) 101.4% (-2.3%)
Days on Market 44 39 (+12.1%) 26 (+70.8%)

 

Days on market are still a bit slow but other indicators are quite strong.

Generally, it appears that the bottom of the market is well behind us in Cambrian Park.

Now let’s look at pricing by price quartile and zip code, using stats from Altos Research (by permission) . NB these are list prices, not sold prices (numbers from RE Report, above, use sold data).

Houses (and duet homes)

Cambrian Park, single family homes (houses & duet homes), 95124 List Price by Quartile:

 

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

 

Cambrian Park, single family homes, 95118 List Price by Quartile

 

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

 

Condominiums and townhouses in Cambrian Park

In 95124:

 

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

 

In 95118:

 

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

 

And now for a “super simplified” overview – all quartiles combined, both condos and single family homes’ list prices by zip code:

 

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

 

For information on the home you want to buy or sell, please contact me today!

 

 

 

Author

  • Silicon Valley Realtor, selling homes in Los Gatos, Saratoga, San Jose, Silicon Valley, and nearby since 1993. Prolific blogger with a network of sites.