The Cambrian Park Real Estate Market Update

Cambrian Park Real Estate Market graphicThe Cambrian Park real estate market remains a strong seller’s market with prices continuing to rise.

For those new to the area, Cambrian is most of the 95124 zip code (south of Foxworthy) and most of 95118 (west of Almaden Expressway). It borders Los Gatos, Campbell, Willow Glen, and Blossom Valley.

The Cambrian Park Real Estate Market

The chart below is from our subscription to the RE Report. These numbers often line up closely with the ones that I pull directly from the MLS, but they are almost never exactly the same.  Many indicators show a market which is more and more challenging for buyers. The sale to list price ratio (well over 110%) came down just a little, though.

Trends At a GlanceMay 2024Previous MonthYear-over-Year
Median Price$1,938,000 (+1.7%)$1,905,000$1,676,000 (+15.6%)
Average Price$2,019,380 (+2.7%)$1,965,730$1,778,530 (+13.5%)
No. of Sales61 (+24.5%)4944 (+38.6%)
Pending34 (-22.7%)4448 (-29.2%)
Active32 (0.0%)3224 (+33.3%)
Sale vs. List Price111.8% (-1.8%)113.8%107.5% (+4.0%)
Days on Market(-3.3%)913 (-37.9%)
Days of Inventory16 (-16.9%)1916 (-3.8%)

 

The Cambrian market continues heating up. Check out the average sale price by month, including the partial month of June (so far).

 

Cambrian SFH Average sale price - Cambrian Park real estate market - San Jose

 

If this continues in May, it will be one of the highest priced months ever (second only to April 2022). Cambrian has a lot of enduring value that makes home buyers decide that it’s worth fighting to get a foothold there.

 

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