Campbell Real Estate Market Report

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

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

There were 125 Campbell homes, including short sales and bank owned homes in the week ending September 3, 2011 compared to 127 Campbell homes, including short sales and bank owned homes in week ending September 4, 2010. Of the 125 Campbell homes there were 26 short sales, 4 bank owned homes and 95 traditional Campbell homes for sale. The number of short sales continue to increase in the Campbell Real Estate Market. Understand foreclosure alternatives … foreclosure is not the only option.

• Median Price: $670,00
• Average Price: $683,075
• No. of Sales: 22
• Sale vs. List Price: 98.8%
• Days on Market: 63
  

The Market Barometer above 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.

Understand foreclosure options … call 408-972-1822 for a free no obligation consultation. Don’t want until you’re out of time … call today!