Market Report for Cambrian Park - February 2012

Cambrian Real Estate
Single Family Homes

• Median Price: $570,000 = 18.4% increase from January 2012 ($481,473)
• Average Price: $602,237 = 13.3% increase from January 2012 ($531,674)
• No. of Sales: 36 = 28.6% increase from January 2012 (28 sales)
• Pending Properties: 97 = 26.0% increase from January 2012 (77 Pending Properties)
• Active: 62 = 18.4% decrease from January 2012 (76 Active)
• Sale vs. List Price: 98.0% = 1.1% decrease from January 2012 (99.1%)
• Days on Market: 48 = 16.5% decrease from January 2012 (57 Days)

The graph above shows the median price, the average price and the number of Cambrian Park Homes sold. Prices are represented by bars and sales are represented by the line. A 3-month moving average is used to smooth out month-to-month fluctuation. The 3-month moving average reflects seasonal variations.

The “Real Estate Recovery or Not? 2012 Predictions By the Pro’s Infographic” was created by ActiveRain Corp, the largest real estate social network. 1,835 real estate agents and brokers in the US and Canada were surveyed to understand if the real estate market and economy are poised for recovery in 2012, both nationwide and in local markets. Kathleen Daniels, Broker participated in the survey. The Infographic supports the fact that real estate markets are local.

It's a great time to sell Cambrian homes. Prices increased substantially in February - an average of nearly 16%. Sales are up; Pending properties are up; and inventory continues to decline. Cambrian homes are selling faster in a shorter amount of time. I expect this trend to continue until we realize more inventory in the Cambrian Real Estate market.

If you are looking to sell an Cambrian Home then you definitely want to hire a local agent to assist you. Kathleen Daniels' proven listing-marketing strategy gets the results you want – your home sold!

As a San Jose Short Sale Agent, Kathleen is well qualified to manage a Cambrian Park short sale as well.

Experience means Peace of Mind
Call 1-800-972-1822 today!

Market Report for Cambrian Park - February 2012

It's the beginning of the year so time for the round-up of last year's distressed property sales in the Cambrian Neighborhood of San Jose. So here's what happened:

Single family and condo townhomes :

Total sales: 656

Short Sales: 130

REO: 89

Distressed sales as a percentage of total sales: 33.45

Compare to 2010

Total sales: 750

Short Sales: 114

REO: 104

Distressed sales as a percentage of total sales: 29%

My conclusion:

The percentage of distressed properties in Cambrian is higher in 2011 over 2010. Also a 34% distressed property sale percentage is absolutely probably not enough to affect values. What is interesting is the the number of short sales in 2011 went up as the number of REOs went down from 2010 as banks have been more wiiling to approve short sales. This is being seen all over the bay area.

If you have any questions about short sales or bank owned homes please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E. 01191194

Cambrian, Real Estate - Market Report for 95124

This is a real estate update is for activity in the community of Cambrian in San Jose, California dated January 23, 2012.

A large number of distressed properties will affect home values the real estate market. This market has large number of short sales and the number of bank owned properties is increasing destabilizing the community. The good news is that inventory is down. To get a better understanding of the market trends you need to study the statistics over a longer period.

Real Estate statistics for single family homes in Cambrian:

Cambrian homes for sale listed between $398,700 and $1,249,000:

• 76 homes in inventory including 4 homes listed for more than $1 million (19 short sale and 7 bank-owned (REO))
• Median home price $582,500
• Price per square feet $385.49
• Average days on market 71
• Average size 1,657 square feet
• Average age 49

Cambrian Homes - Market Report

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

There were 92 Cambrian homes, including short sales and bank owned homes in the week ending December 3, 2011.

There were 147 Cambrian homes, including short sales and bank owned homes in week ending December 4, 2010.

Of the 92 Cambrian homes there were 19 San Jose short sales, 11 bank owned homes and 62 traditional Cambrian homes for sale.

San Jose Short Sales in Cambrian, also known as Cambrian Park, continue to increase. Understand foreclosure alternatives in Cambrian Park San Jose.

The above graph shows the median price, the average price and the number of properties sold.

Prices are represented by the bars. Sales are represented by the line.

A 3-month moving average is used to smooth out month-to-month fluctuation and reflects seasonal variations.

Cambrian Real Estate - November 2011 Market Report

• Median Price: $579,500 = 5.0% increase from October 2011 ($552,000)
• Average Price: $613,950 = 7.9% increase from October 2011 ($569,068)
• No. of Sales: 42 = 13.5% increase from October 2011 (37 sales)
• Sale vs. List Price: 98.2% = 0.4% increase from October 2011 (97.8%)
• Days on Market: 52 = 27.3% decrease from October 2011 (71 days)

Cambrian Home prices were up in November. Year over year the median price of a Cambrian home was $600,000, down 3.4%. However year over year the average price of a Cambrian home is the same. Inventory continues to decrease which is driving prices up.

It’s a great time to sell a Cambrian home. Give me a call to discuss your specific goals and needs. Let me show you how my marketing plan gets homes sold fast.

If you are buying a Cambrian home then let me share how my offer strategy will get your offer accepted, even in a multiple offer situation.

Short salescontinue to increase. If you are facing financial difficulty and don’t know what to do, then call 800-972-1822 for a free, no obligation consultation.

Post Originated Here

Cambrian, San Jose Real Estate - Market Report

This is a real estate update is for activity for single family homes in the community of Cambrian, San Jose, California during the last 7 days ending November 11, 2011.

Move-in ready home just listed. Beautiful remodeled home in Cambrian. Large corner lot, upgraded kitchen and baths, 3 bedrooms/2 full bath. Property is priced to sell. Listed at $620,000. Contact your buyers agent if you are interested in this and/or other homes in Cambrian, San Jose.

Distressed properties are not dominating the real estate market in Cambrian. Inventory is down, median sold price is up significantly and calculated only by the number of homes sold during the past 7 days. To get a better understanding of the market trends you need to study the statistics over a longer period.

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

Cambrian, San Jose homes for sale:

• 101 homes in inventory (20 short sale and 15 bank-owned (REO))
• Median home price $599,000
• Price per square feet $384.85
• Average days on market 79
• Average size 1,667 square feet
• Average age 47
• During the past 7 days
• 15 list price decreased
• 2 transfered back from escrow (sale cancelled)
• 2 listings are back on the market
• 13 new listings were added this week to inventory (5 short sale and 4 REO)
• Median home price $601,994
• Price per square feet $371.75
• Average size 1,726 square feet
• Average age 48

• 98 homes in escrow as of today (41 short sale and 6 REO)
• Median list price $531.944
• Price per square feet $366.32
• Average days on market 86
• Average size 1,526 square feet
• Average age 49

• 12 homes (1 short sale, 2 REO) went into contract this week:
• Median list price $585,000
• Price per square feet $379.71
• Average days on market 83
• Average size 1,624 square feet
• Average age 50

Cambrian, San Jose homes sold:

• 7 homes closed escrow this week (1 short sale and 0 REO)
• Median list price $575,000
• Median sale price $560,000
• Price per square feet $389.08
• Average days on market 27
• Average size 1,609 square feet
• Average age 46
  

If you have any questions or are interested in homes in Cambrian contact your Cambrian Realtor.