Cambrian Homes – Market Report

Week ending December 3, 2011 compared to December 4, 2010

There were 92 Cambrian homes, including short sales and bank owned homes in the week ending December 3, 2011.

There were 147 Cambrian homes, including short sales and bank owned homes in week ending December 4, 2010.

Of the 92 Cambrian homes there were 19 San Jose short sales, 11 bank owned homes and 62 traditional Cambrian homes for sale.

San Jose Short Sales in Cambrian, also known as Cambrian Park, continue to increase. Understand foreclosure alternatives in Cambrian Park San Jose.

The above graph shows the median price, the average price and the number of properties sold. Prices are represented by the bars. Sales are represented by the line.

A 3-month moving average is used to smooth out month-to-month fluctuation and reflects seasonal variations.

Cambrian Real Estate – November 2011 Market Report

• Median Price: $579,500 = 5.0% increase from October 2011 ($552,000)
• Average Price: $613,950 = 7.9% increase from October 2011 ($569,068)
• No. of Sales: 42 = 13.5% increase from October 2011 (37 sales)
• Sale vs. List Price: 98.2% = 0.4% increase from October 2011 (97.8%)
• Days on Market: 52 = 27.3% decrease from October 2011 (71 days)

Cambrian Home prices were up in November. Year over year the median price of a Cambrian home was $600,000, down 3.4%.  However year over year the average price of a Cambrian home is the same. Inventory continues to decrease which is driving prices up.

It’s a great time to sell a Cambrian home. Give me a call to discuss your specific goals and needs. Let me show you how my marketing plan gets homes sold fast.

If you are buying a Cambrian home then let me share how my offer strategy will get your offer accepted, even in a multiple offer situation.

Short Sales continue to increase. If you are facing financial difficulty and don’t know what to do, then call 408-972-1822 for a free, no obligation consultation.