Reported by Pat Dulleck, Broker, ePro, CRS, SRES, ALHS, Realtor
Updated August 29, 2008.
Current Market Rating: 2
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Current Price Trend: 2
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The number of active single family homes is 106. The pending sales in the last 30 days are 31 and the number of closed sales in August are 11 (as of 8/20). The price range for active homes is $475,000-$3,495,000. The median price is $798,000. The listing price range for the pending sales is $465,500-$2,699,000.
The number of townhomes/condos on the market is 61, with 12 pending in the last 30 days and 6 closed sales in August (as of 8/20).
As of August 20th, in the Santa Clara County the inventory for active listings of single family homes was 5301 and condo/townhomes is 1798. Totaling 7099 for both. The number of homes and townhome/condos that went into contract over the last 30 days was 1632. Pending sales are running at about 23% of the available inventory. The number of closed sales in August are 637 (as of August 20th). The number of closed sales in July was 1136 (858 being homes and 398 being condo/townhomes). Buyers can find some excellent prices on homes in certain areas.
Many areas are not performing as badly as the media would lead you to believe. Lately, the media pushes that California has the 2nd highest amount of foreclosures in the US. We are also the largest populated state with the second being Texas that has 33% fewer people living in it. One report states 1 in every 171 households had a notice of default filed against it last quarter. In all of Santa Clara County the stat is 1 in every 290, however, there are areas that are hard hit and other that have no Bank-owned properties. It is important to have the facts and not buy into the media hype - They are after all trying to sell papers and ad space.
Understanding your options is critical now as lending guidelines have changed making the real estate market fluid. Want to know your options? Call me!
For more information on this local market, call 877-927-6565 or email me at pat@patdulleck.com. Pat Dulleck, Broker, CRS, ePro, SRES, ALHS. I have 24 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 Dulleck:
Pat has 24 years experience selling residential real estate, 18 years as a broker. Our professional team is 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.
