This is a real estate market activity report for Campbell CA which is considered part of the San Jose Metro Area. Campbell is an MLS designated area which includes the 95008 zip code. This report is comprised of statistical data from February 1st through February 28, 2017 extracted from our local Multiple Listing Service (“MLS”) as of March 1, 2017.
Single Family Homes Market Report February 2017
- 17 Active Single Family Homes
- 25 Pending Sales (Under Contract)
- Includes 1 short sale
- 14 Sold Homes
- Average List Price: $1,309,349
- Average Sale Price: $1,368,214
- Average Sale Price to List Price: 106.3%
- Average Days on Market: 27
- Absorption Rate: 1.2 months of inventory which equates to an extreme Seller’s market
A word of caution about statistical averages: The average list price and sold price is representative of the range of prices. Average prices are calculated by adding the total values of all homes and dividing that number by the number of homes listed and sold.
- $2,235,000 was the highest price home sold in Campbell in February 2017.
- $948,000 was the lowest price home sold in Campbell in February 2017.
Condos and Townhouses Market Report February 2017
Condo living is not for everyone. Condos have rules and restrictions that govern what a homeowner can and cannot do. Buyers are advised to conduct a careful review of the Covenants, Conditions & Restrictions of a condo association before deciding to buy.
- 3 Active Condos / Townhouses
- 6 Pending Sales (Under Contract)
- 7 Sold Condos and Townhouses
- Average List Price: $634,543
- Average Sale Price: $670,571
- Average Sale Price to List Price: 104.2%
- Average Days on Market: 13
- Absorption Rate: 0.4 months of inventory which equates to an extreme Seller’s market
- $1,235,000 was the highest price condo / townhouse sold in Campbell in February 2017.
- $403,000 was the lowest price condo sold in Campbell in February 2017.
Value Based Approach To Listing Campbell Homes for Sale
When listing a home for sale it is important to carefully analyze market trends and recent statistical data. Analysis and good use of data means the property will be positioned well for marketing designed to bring top dollar for the home.
The value based approach means we do not utilize Automated Market Valuation (“AVM”) of homes. The location, condition, schools, and many other factors will impact the value of a home or condo. Homeowners who need to sell their home want a professional valuation for a current and accurate home value.
Value Based Approach To Buying Campbell Homes
The value based approach in working with Buyers means Buyers must be well-qualified, pre-approved for a mortgage loan or have sufficient funds for an all cash purchase, and ready to make the home purchase.
Whether you are looking to sell a Campbell home or buy a Campbell home, the process starts with a conversation to discuss your specific needs, wants, wishes and desires. When you are ready to get started, give me a call.
One of the best year-round Farmer’s Markets in the bay area can be found Downtown Campbell. In addition to fresh produce and crafts, there is live music! The market is located at E. Campbell Avenue and N. First Street. It opens at 9:00 am and ends at 1:00 pm.
Campbell is a great place to live and play. If you would like to make Campbell your home, give me a call and let’s get the process started today. I may be reached at my office at 408.972.1822.