How’s the Campbell, California, real estate market? There are always micro-markets to follow, narrowing what’s viewed to neighborhoods, school districts, and price point. In general, though, it’s a healthy market for this upwardly trending Silicon Valley city with a quaint downtown, good schools and more affordability than might be expected. For houses, clearly, prices are nudging up!
Each month I have a site specifically producing the Silicon Valley real estate market trends (at least for that part of Silicon Valley which is within Santa Clara County). You can see the report for Campbell houses & duet homes here and the condominium and townhouse report here. Just below, I’ll post the basic numbers/summary, though, for those who want a quick view of the market:
(1) Single Family homes (houses/duet homes) in Campbell:
| Trends At a Glance | May 2011 | Previous Month | Year-over Year |
|---|---|---|---|
| Median Price | $678,500 | $629,944 (+7.7%) | $653,438 (+3.8%) |
| Average Price | $698,073 | $703,100 (-0.7%) | $685,182 (+1.9%) |
| No. of Sales | 24 | 24 (0.0%) | 32 (-25.0%) |
| Pending Properties | 46 | 40 (+15.0%) | 42 (+9.5%) |
| Active | 55 | 59 (-6.8%) | 78 (-29.5%) |
| Sale vs. List Price | 98.6% | 98.0% (+0.6%) | 100.2% (-1.6%) |
| Days on Market | 55 | 34 (+62.5%) | 28 (+97.8% |
| Trends At a Glance | Apr 2011 | Previous Month | Year-over Year |
|---|---|---|---|
| Median Price | $629,944 | $705,000 (-10.6%) | $670,000 (-6.0%) |
| Average Price | $703,100 | $781,895 (-10.1%) | $696,160 (+1.0%) |
| No. of Sales | 24 | 21 (+14.3%) | 15 (+60.0%) |
| Pending Properties | 40 | 51 (-21.6%) | 51 (-21.6%) |
| Active | 59 | 54 (+9.3%) | 71 (-16.9%) |
| Sale vs. List Price | 98.0% | 98.2% (-0.2%) | 104.8% (-6.4%) |
| Days on Market | 34 | 31 (+9.4%) | 35 (-5.2%) |
(2) Condominiums and townhouses in Campbell:
| Trends At a Glance | May 2011 | Previous Month | Year-over Year |
|---|---|---|---|
| Median Price | $390,000 | $419,000 (-6.9%) | $457,500 (-14.8%) |
| Average Price | $406,364 | $419,125 (-3.0%) | $434,838 (-6.5%) |
| No. of Sales | 11 | 8 (+37.5%) | 16 (-31.3%) |
| Pending Properties | 22 | 23 (-4.3%) | 33 (-33.3%) |
| Active | 43 | 35 (+22.9%) | 26 (+65.4%) |
| Sale vs. List Price | 96.0% | 93.8% (+2.3%) | 97.8% (-1.9%) |
| Days on Market | 81 | 58 (+37.8%) | 42 (+91.2%) |
| Trends At a Glance | Apr 2011 | Previous Month | Year-over Year |
|---|---|---|---|
| Median Price | $419,000 | $450,000 (-6.9%) | $500,000 (-16.2%) |
| Average Price | $419,125 | $418,750 (+0.1%) | $465,548 (-10.0%) |
| No. of Sales | 8 | 10 (-20.0%) | 8 (0.0%) |
| Pending Properties | 23 | 27 (-14.8%) | 40 (-42.5%) |
| Active | 35 | 28 (+25.0%) | 29 (+20.7%) |
| Sale vs. List Price | 93.8% | 98.7% (-5.0%) | 98.5% (-4.7%) |
| Days on Market | 58 | 83 (-29.5%) | 34 (+72.7%) |
