Campbell California Real Estate Market Update; Home Listing and Sale Trends though March 2011.
The graphs nearby show the number of Listings (i.e., Homes put on the Market For Sale) and the number of Sales of Campbell California homes reported on the local Multiple Listing Service (MLSListings) each March from 1999 through 2011. The March Average (i.e., median) Sale Price from 1999 to 2011 can be viewed here.
The number of Sales of Campbell homes in March 2011 was unchanged compared to March 2010, and were very slightly (10%) below average for this time of year.
The number of Campbell homes put on the market For Sale in March 2011 was 7% below average, and that follows the countywide trend of fewer listings. The reduced number of listings For Sale tends to keep upward pressure on prices even though sales are slightly below average.
Campbell California has not been as hard hit by foreclosures as Santa Clara County at large. Nine percent of all Campbell sales last year were bank-owned REO sales while 15.5% of Countywide sales were Bank-Owned REOs.
At present, agents feel a shortage of Campbell homes For Sale, and well-priced Campbell Homes that are properly marketed are selling within 30 days.
The averages shown here mask large variations in neighborhoods throughout the City of Campbell. For a more in depth analysis of a particular Campbell, California home, or to talk about your real estate situation, please feel free to call or e-mail. As a Realtor since 1976, I have an in depth understanding of the dynamic real estate market conditions throughout Campbell. And the lessons I've learned from 35 years of local real estate sales experience benefit my clients throughout a real estate transaction.
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