The Cambrian Park district or area of the city of San Jose is a "west valley" community in Silicon Valley next to Los Gatos, Campbell, Willow Glen, and Blossom Valley (the latter two are also areas of San Jose). It's a suburban area with about 80,000 residents spanning primarily the 95124 and 95118 zip codes with a little slice of 95008 (Campbell area) as well. Most of the region was built out during the post World War II building boom of the 1950s through 1970s and homes are mostly "ranch style" houses.
Cambrian's popularity is due in no small part to the fact that home buyers can get a very decent home in an area with superior schools and low crime at a fairly reasonable price by local standards. Many feel that you get a lot of "bang for your buck" in Cambrian Park. You can buy there and enjoy downtown Los Gatos & downtown Campbell but pay a whole lot less than if you purchased real estate in those two areas.
How is the Cambrian Park Real Estate Market? It is outperforming San Jose as a whole right now with better numbers for "days on market" (40 in Cambrian, 51 in San Jose) but is not quite as strong with sales vs list price (99.9% in San Jose, 99.2% in Cambrian) Both areas cooled slightly from the month before when they were both over 100%.
Within Cambrian, it varies from one area & price point to the next. Right now it's a little healthier in the 95118 area (as opposed to 95124); the 95118 area is a bit more affordable & home buyers can get a little more house for their money there. Prices are close to flat - the median and average sales prices are hovering close to $600,000 in recent months and year over year. In my practice, I'm seeing that the market is a lot "hotter" in the $600k price range than in the $800k range.
For more information, please visit my Valley of Hearts Delight blog, which is a Silicon Valley real estate blog, and the Cambrian Park real estate posts.
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