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

While listing homes for sale is my primary focus I do work with buyers who are past clients or referred to me by clients or other real estate agents.  It’s been a huge challenge serving the few buyers I have worked with in 2017.  It can take several months and countless offers written before an offer is accepted.  I wrote many offers in July for clients looking to buy in Cambrian Park. Offers were several hundred thousand dollars over list price with most contingencies waived.  Even with that many of the offers were not the highest and best offer accepted by the seller.

Let’s see how the July market measured up in the Summer heat!

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 July 1, through July 31, 2017 from our local Multiple Listing Service (“MLS”) as of August 1, 2017. The data may not reflect “off market” sales.

July 2017 Single Family Homes Market Activity Report

• 28 Active Single Family Homes. An decrease from 36 homes the previous month.
• 59 Pending Sales (Under Contract). An decrease from 79 homes the previous month.
• 79 Sold Homes. A increase from 62 homes the previous month.
• Average List Price: $1,099,227 
• Average Sales Price: $1,179,253 
• Average Sales Price to List Price: 107.8%
• Average Days on Market: 15 
• Absorption Rate: 0.35 months of inventory which equates to an extreme Seller’s market.
  • Read more about absorption rate and how it July 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.

• $2,205,000 was the highest price home sold in Cambrian Park in July 2017.
• $814,000 was the lowest price home sold in Cambrian Park in July 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 Activity Report July 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.

• 5 Active Condos and Townhouses. An increase from 4 the previous month.
• 14 Pending Sales (Under Contract). A decrease from 16 the previous month.
• 14 Sold Condos and Townhouses. An decrease from 15 the previous month.
• Average List Price: $556,901 
• Average Sales Price: $587,357 
• Average Sales Price to List Price: 104.7%
• Average Days on Market: 11
• Absorption Rate: 0.3 months of inventory which equates to an Extreme Seller’s market
• $950,000 was the highest price condo sold
• $418,000 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 for a current and accurate home value.

When you are looking to sell 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 homes. I may be reached at my office at 408.972.1822.