What’s My Cambrian Park Home Worth in February 2017?

This is a real estate market activity report for Cambrian Park in San Jose, CA. Cambrian is an MLS designated area in San Jose which includes the 95124 and 95118 zip codes. This report is comprised of data extracted from February 1, through February 28, 2017 from our local Multiple Listing Service (“MLS”) as of March 1, 2017.

Single Family Homes Market Report February 2017

• 29 Active Single Family Homes
• 52 Pending Sales (Under Contract)
• 27 Sold Homes
  • 1 sold was a short sale
• Average List Price: $1,042,958
• Average Sales Price: $1,101,963
• Average Sales Price to List Price: 106.4%
• Average Days on Market: 19
• Absorption Rate: 1.0 months of inventory which equates to an extreme Seller’s market.
  • Read more about absorption rate and how it may 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.

• $1,715,000 was the highest price home sold in Cambrian Park in February 2017.
• $800,000 was the lowest price home sold in Cambrian Park in February 2017.

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 Report February 2017

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 from certain buyers. Buying decisions must be made with eyes wide open.

• 6 Active Condos and Townhouses
  • 1 bank-owned
• 11 Pending Sales (Under Contract)
• 9 Sold Condos and Townhouses
• Average List Price: $613,321
• Average Sales Price: $634,222
• Average Sales Price to List Price: 102.8%
• Average Days on Market: 12
• Absorption Rate: 0.6 months of inventory which equates to an Extreme Seller’s market
• $1,021,000 was the highest price condo sold
• $435,000 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 Automated Market Valuation (“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 for a current and accurate home value.

Value Based Approach To Buying Cambrian Park Homes

The value based approach in working with Buyers means Buyers must be well-qualified, pre-approved for a mortgage loan or have sufficient funds for an all cash purchase, and ready to make the home purchase.

Whether you are looking to sell a Cambrian Park home or buy a Cambrian Park home, the process starts with a conversation to discuss your specific needs, wants, wishes and desires. When you are ready to get started, give me a call. I will share my documented approach to listing and selling homes. I may be reached at my office at 408.972.1822.