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Campbell CA Real Estate Market Trend: 1st Quarter 2011 vs. 1st Quarter 2001-2010

Trang Beuschlein-Campbell CA Real Estate -Campbell CA Homes for Sale: Real Estate Agent in Campbell, CA

Campbell CA Real Estate Market Trend: 1st Quarter 2011 vs. 1st Quarter 2001-2010

MEDIAN SALES PRICE: Campbell CA Real Estate

Q1-2011 (1/1/11-3/31/11) median sales price for single-family homes remain the same compared to same period in the previous year and is 13% lower than the peak median price of $795,000 in 2008.

Median sales price for condo/townhomes in Campbell CA increased slightly by 2%, compared to the same quarter in 2010 and is 19% lower than the peak median price of $570,750 in 2007.
Campbell CA Real Estate Market Trend-Median Sales Price

AVERAGE SALES PRICE: Campbell CA Real Estate

Q1-2011 sales price for single family homes in Campbell CA averaged $759,386, an increase of 9% compared to the same period in 2010. Although this year's average sales price is almost returning to 2005 prices, it is still 10% lower than the peak price in 2007.

Sales price for condo/townhomes averaged $440,029 in Q1-2011, a 4% decline from the same quarter in 2010. Average sales price for this year is 23% lower than the peak price of $572,951 in 2007.

Campbell CA Real Estate Market Trend- Average Sales Price

AVERAGE DAYS ON THE MARKET: Campbell CA Real Estate

Single family homes in Campbell took an average of 83 days to sell during the 1st three months of 2011. This is an increase compared to the 50 days in the same quarter in 2010 and is the longest that homes have taken to sell, compared to the same quarter in the previous 10 years.

Condos/townhomes took about the same amount of time to sell (84 days), but almost doubled compared to the same quarter in 2010 (44 days).

Campbell CA Real Estate Market Trend- Average Days on the Market

Trang Beuschlein has been helping those selling and buying Campbell CA Real Estate for years, providing exceptional service. When you need an experienced Campbell CA Realtor who can sell your home for top dollars in the least amount of time or who can negotiate the best deal for your new home, you can count on Trang Beuschlein. If you are looking for a service oriented Campbell Realtor or for a list of Campbell CA Homes for Sale, please call (408) 410-5628 or send an e-mail to

BKR Realty
CA DRE License #01453711

Copyright © 2011 Trang Beuschlein

Foreclosure Reality

Brad Bonnifield: Real Estate Agent in San Jose, CA

I am constantly hearing from prospective buyers that they are interested in foreclosed properties because "they are cheaper than the other properties" or "they are a great deal".. but its important for buyers to know the reality behind foreclosures.

When a Realtor takes a foreclosure listing or an REO, they are working directly with the bank. The bank might require a few comparative analyses in an attempt to get the precise market value of the home.

In many cases, the reason the foreclosed property appears to be 'below market value' is because the home is going to require a great deal of work in order to make the house attractive or even livable. Foreclosures are almost always an 'as is' sale, so it is of the upmost importance to take condition of the property into account.