Cambrian Homes for Sale | February 2014 Market Report

Cambrian or Cambrian Park is located in the City of San Jose, CA.  The Cambrian School District is comprised of the following schools: (1) Bagby Elementary (2) Fammatre Elementary (3) Farnham Elementary (4) Sartorette Elementary and Price Middle School. GreatSchools.org rates the Cambrian School District 8 out of 10. 

 Cambrian single family homes market snapshot for the month of February 2014 

Inventory and prices are increasing. Properties are not on the market long. The average days on market in February was 13 days. Inventory is quickly depleted with the increase of pending properties.

• Active Listings: 25 = 47.1% increase compared to January with 17 active listings
• Active Bank-Owned Homes: 1 and zero in January
• Active Short Sales: Zero and Zero in January
• Median Price: $801,000 = 3.4% increase from January ($775,000)
• Average Price: $808,390 = 0.5% decrease from January ($812,740)
• No. of Cambrian Homes Sold: 30 = 20.0% increase from January (25 sales)
• Pending Properties:  58 = 61.1% increase from January with 36 pending properties
• Bank-Owned Homes Sold: Zero and zero in January
• Short Sales Sold: 1 and zero in January
• Sales vs. List Price: 105.9% = 3.5% increase from January (102.3%)
• Days on Market: 13 = 56.2% decrease from January with and 30 days on the market

  Cambrian condos market snapshot for the month of February 2014 

The condo market continues to lack inventory. The lack of inventory is causing prices to increase.

• Active Listings: 14 = 0.0% from January with 14 active listings
• Active Foreclosures: 0 = 100.0% decrease from January with 1 active REO
  
• Active Short Sales: 1 = 0.0% from January with 1 active short sale
• Median Price: $590,000 = 9.1% increase from January ($541,000)
• Average Price: $584,056 = 19.6% increase from January ($488,338)
• No. of Condos Sold: 9 = 10.0% decrease from January with 10 sales
• Pending Properties: 13 = 0.0% from January with 13 pending properties
• Foreclosures Sold: Zero and zero in January
• Short Sales Sold: 0 = 100.0% decrease with 1 short sale sold in January
• Sale vs. List Price: 102.1% = 1.8% decrease from January (103.9%)
• Days on Market:  35 = 160.6% increase from January with 14 days on market

If you are considering selling your Cambrian home or Cambrian condo, call today to schedule a free, no obligation consultation. We will show you the benefits of our listing marketing strategies and provide you with a free home valuation.

Call 1-408-972-1822 today!

If you are looking to buy a Cambrian home, we strongly recommend that you work with an San Jose real estate agent who will represent your best interests in a real estate transaction.  We are highly skilled negotiators. Let our many years of experience go to work for you.

Cambrian Homes for Sale | February 2014 Market Report - by Kathleen Daniels - San Jose Homes for Sale - Certified Probate Real Estate Specialist