Reported by Pat Chadwell, Broker, ePro, CRS, SRES, Realtor
Updated May 3, 2012.
Current Market Rating: 4
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Current Price Trend: 4
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The number of active single family homes is 30. The number of pending sales in the last 30 days are 27. The number of closed sales in April was 28. Active are down 53% from last year.
The price range for active homes is $549,000-$1,449,000. The median price is $699,000. The listing price range for the pending sales is $380,000-$999,000.
The number of townhomes/condos on the market is 8, with 13 pending in the last 30 days. There were 12 closed sales in April. Active listings are down 80% from last year. Both pending sales and closed sales would be up if we had the inventory.
As of April 30, 2012 active listings in Santa Clara County are a scant 1621, of that the single family homes were 1263 and condo/townhomes were 358. This number is continuing to decline. These numbers were down 55% from last year's figure!
The number of homes and townhome/condos that went into contract over the last 30 days was 1779 (single family - 1318, condo/townhome - 461). This figure was less than last year. However, if we had the inventory we would have sold a lot more homes! Many areas of seeing multiple offers on homes.
The number of closed sales in March were 1368 (987 were single family homes and 381 were condo/ townhomes). The closed sales up 7% over last year. Again, if we had more inventory these numbers would be through the roof!
Understanding your options both in Real Estate and lending is critical now as guidelines have changed making the real estate market fluid. Want to know your options? Call me!
For more information on this local market, call 855-927-6565 or email me at pat@patchadwell.com. Pat Chadwell, Broker, CRS, ePro, SRES, CDPE, CIAS, SFR. I have 28 years helping clients with their Real Estate needs.
ZIP Code: 95008 Location Characteristics: Campbell is a delightful community where tradition and progress combine in a successful blend. Set in the Southwest corner of the Silicon Valley, Campbell is an ideal location for homes, schools and businesses. Campbell has grown from a small farming community with a population of approximately 5,000 to a progressive community with a population of over 38,000. Campbell's location is very convenient. Its proximity to shopping, special services, and recreational opportunities is ideal for the resident or employee who wants to run a quick errand, take a morning jog down the Los Gatos Creek Trail, or go for a delicious business lunch in one of our numerous fine restaurants.
City Population 38,408 Average Single Family Home 03/06 $788,535 Mean Family Household Income $93,109 Persons per Household 2.3 Percent of Bachelor's Degree or higher 40% Employment Status 16 years + 30,858
About Pat Chadwell:
Pat has 28 years experience selling residential real estate, 22 years as a broker. Our professional team is knowledgeable, competent and high tech.
What Clients Say: Your competence and skill in handling situations and knowing how to communicate with people is as impressive as your kindness and reassuring manner.
Your attention to detail, knowledge of the market, and skill in sales made a difference.
Pat’s confidence, knowledge and her ability to communicate well and handle perspective clients was clearly evident.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
