Week ending September 3, 2011 compared to September 4, 2010
The graph above 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 126 Cambrian homes, including short sales and bank owned homes in the week ending September 3, 2011 compared to 173 Cambrian homes, including short sales and bank owned homes in week ending September 4, 2010. Of the 126 Cambrian homes there were 19 San Jose short sales, 8 bank owned homes and 99 traditional San Jose homes for sale. San Jose Short Sales continue to increase in Cambrian. Understand foreclosure alternatives in San Jose Ca.
- Median Price: $566,250
- Average Price: $602,269
- No. of Sales: 50
- Sale vs. List Price: 98.1%
- Days on Market: 36
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 multiple offers, 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.
By Kathleen Daniels, San Jose Real Estate Agent