This is a market activity report for Cambrian Park in San Jose, CA. Cambrian is an MLS designated area which includes the 95124 and 95118 zip codes. This report is comprised of data extracted from February 1, 2018, through February 28, 2018, from our local Multiple Listing Service (“MLS”) as of March 1, 2018. The data may not reflect “off-market” sales.

Carousel at Cambrian Park Plaza

The entire San Jose Silicon Valley real estate market continues to be hot hot hot for sellers. The hot seller market presents challenges for buyers who find themselves competing in bidding wars with buyers making offers substantially over list price with no contingencies. Demand remains high and inventory continues to shrink.

Sellers Beware – Don’t Be Fooled by Bidding Wars!

Don’t be fooled by a hot seller market creating bidding wars. An extreme lack of inventory does not mean a seller does not have to hire an agent with excellent marketing skills with a proven track record for listing, selling, and closing homes. All agents are not created equal just as all homes are not created equal. The homes creating extreme bidding wars are homes that are presented like a model home.

Let’s take a look at how the market performed in February 2018.

February 2018 Single Family Homes Market Activity Report

  • 23 Active Single Family Homes. An increase from 10 homes the previous month.
  • 46 Pending Sales (Under Contract). An increase from 37 homes the previous month.
  • 36 Sold Homes. An increase from 31 homes the previous month.
  • Average List Price: $1,137,962
  • Average Sales Price: $1,341,278
  • Average Sales Price to List Price: 118.9%
  • Average Days on Market: 12
  • Absorption Rate: 0.6 months of inventory which equates to an extreme Seller’s market.
    • Read more about absorption rate and how it December impact the sale of a home.

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.

  • $1,631,000 was the highest price home sold in Cambrian Park in February 2018.
  • $1,102,000 was the lowest price home sold in Cambrian Park in February 2018.

Cambrian Park Homes for Sale Under $800,00
Cambrian Park Homes for Sale $800,000 to $900,000
Cambrian Park Homes for Sale $800,000 to $900,000
Cambrian Park Homes for Sale $900,000 to $1,000,000
Cambrian Park Homes for Sale $1,500,000 and above

Condos and Townhouses Market Activity Report February 2018

Living in a condo is not for everyone. Buyers need to educate their self on the condo lifestyle and make an informed decision before buying. There are rules and restrictions homeowners must follow. Some condo association rules are just too strict and prohibitive for certain buyers. Buying decisions must be made with eyes wide open.

  • 2 Active – No change from the previous month.
  • 10 Pending Sales (Under Contract). An increase from 7 the previous month.
  • 9 Sold Condos and Townhouses. An increase from 6 the previous month.
  • Average List Price: $763,000
  • Average Sales Price: $853,667
  • Average Sales Price to List Price: 110.4%
  • Average Days on Market: 9
  • Absorption Rate: 0.2 months of inventory which equates to an Extreme Seller’s market
  • $1,200,000 was the highest price condo sold
  • $450,000 was the lowest price condo sold

Cambrian Park Condos and Townhouses for sale Under $500,000
Cambrian Park Condos and Townhouses for sale $500,000 and above

Value-Based Approach To Listing Cambrian Park Homes for Sale

When listing a San Jose home for sale in Cambrian Park it is important to carefully analyze market trends and recent statistical data. The value-based approach means we do not utilize an Automated Valuation Model (“AVM”) of homes. The location, condition, schools, and many other factors will impact the value of a home or condo. Homeowner’s who need to sell their home want a professional valuation of a current and accurate home value.

Need to sell your home? What’s the value? The process starts with a conversation to discuss your specific needs, wants, wishes and desires. Call Kathleen Daniels, the independent broker of KD Realty in San Jose at 408-972-1822 or complete the form on the contact us page and we will connect with you to get the process started.

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