Campbell, San Jose Real Estate - Market Report

Campbell, San Jose Real Estate - Market Report

This is a real estate update is for activity in Campbell, San Jose, California during the last 7 days ending October 22, 2011.

Distressed properties are NOT dominating the real estate market in Campbell, although the number of homes in escrow include a very high number of distressed properties, which aren't moving. Of the 46 homes in escrow 28 are distressed which take longer to close (if they close) 101 days as of today. The median list price for short sale properties in escrow is $549,000 vs. $621,975 for non distressed properties (18) which are on the market an average of 47 days. Campbell offers some great values for investors and savvy home buyers who don't mind waiting for a possible close of their distressed purchase.

Real Estate statistics for single family homes in Campbell, San Jose:

Campbell homes for sale:

• 59 homes in inventory (10 short sale and 4 bank-owned (REO))
• Median home price $639,000
• Price per square feet $390.81
• Average days on market 87
• Average size 1,733 square feet
• Average age 47

• 11 homes were added this week to inventory (4 short sale and 0 REO)
• 3 new listings
• 7 list price decreased
• 0 list price increase
• 1 transfered back from escrow (sale cancelled)
• Median home price $565,000
• Price per square feet $410.15
• Average size 1,502 square feet
• Average age 51