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Week ending July 2, 2011 compared to July 3, 2010
This graph shows the median price, the average price, and the number of properties sold. Prices are represented by the bars while sales are represented by the line.
There were 139 Cambrian homes, including short sales and bank owned homes in the week ending July 2, 2011 compared to 149 Cambrian homes, including short sales and bank owned homes in week ending July 3, 2010. Of the 139 Cambrian homes there were 28 San Jose short sales, 8 bank owned homes and 103 traditional San Jose homes for sale.
- Median Price: $625,000
- Average Price: $649,072
- No. of Sales: 58
- Sale vs. List Price: 98.6%
- Days on Market: 37
The Market Barometer is a rough estimate of the state of the market. Real estate markets are very local. Regardless of whether the market favors buyers or sellers, there will always be premium homes priced right that attract multiples, unless of course the market has totally crashed! Conversely, there are always over-priced listings that will never sell.
- The Market Barometer compares homes sold to homes newly listed.
- The following thresholds are used: +0.10 to indicate a sellers’ market and -0.10 to indicate a buyers’ market. A balanced market is anything in between and is indicated by the gray columns.
Short Sales continue to increase in Cambrian. Understand foreclosure alternatives.
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Kathleen Daniels, San Jose Homes for Sale