Campbell CA Home Value Market Report December 2017

This is a 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 December 1, 2017, through December 31, 2017, extracted from our local Multiple Listing Service (“MLS”) as of January 2, 2018.

December 2017 Single Family Homes Market Activity Report

• 3 Active Single Family Homes. A decrease from 9 the previous month.
• 10 Pending Sales (Under Contract). A decrease from 30 the previous month
• 32 Sold Homes. An increase from 23 homes in the previous month
• Average List Price: $1,418,429
• Average Sale Price: $1,557,322
• Average Sale Price to List Price: 112.1%
• Average Days on Market: 9
• Absorption Rate: 0.1 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.

• $3,075,000 was the highest price home sold in Campbell in December 2017.
• $900,000 was the lowest price home sold in Campbell in December 2017.

Campbell Homes for Sale Under $1,000,000
Campbell Homes for Sale $1,000,000 to $1,500,000
Campbell Homes for Sale $1,500,000 to $2,000,000
Campbell Homes for Sale $2,000,000 and above

Condos and Townhouses Market Activity Report December 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.

• 1 Active Condos / Townhouses. An increase from 0 condos the previous month.
• 1 Pending Sales (Under Contract). A decrease from 8 condos the previous month.
• 9 Sold Condos and Townhouses. A decrease from 11 the previous month.
• Average List Price: $734,321
• Average Sale Price: $792,444
• Average Sale Price to List Price: 107.7%
• Average Days on Market: 7
• Absorption Rate: 0.1 months of inventory which equates to an extreme Seller’s market
• $1,250,000 was the highest price condo/townhouse sold in Campbell in December 2017.
• $508,000 was the lowest price condo sold in Campbell in December 2017.

Campbell Condos and Townhouses for Sale Under $800,000
Campbell Condos and Townhouses for Sale $800,000 and above

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 mean 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 an Automated Valuation Model (“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 of a current and accurate home value.

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.

When selling a Campbell home 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.