Campbell Real Estate in the spotlight

The skies all over the state had beautiful rainbows this week.  In fact I saw two double rainbows in the sky – once in Southern California near the area where families were evacuated for fear of mud slides and another when in Hayward while looking for properties for a client.  I had never seen double rainbows before this week. 
Rainbow Valley
Image by rwangsa via Flickr
We are so lucky in our area to have a blossoming Real Estate market here in Santa Clara County.   I chose a bright spot to highlight in the area.

The number of active single family homes in Campbell, CA is 36. The pending sales in the last 30 days are 17 and the number of closed sales in January is 10. The price range for active homes is $465,000-$2,399,000. The median price is $729,000.   The listing price range for the pending sales is $456,153-$1,149,000.

The listings have dropped 48% over last year and sales are up 25%.

The number of townhomes/condos on the market is 28, with 9 pending in the last 30 days and 4 closed sales in January (1/20). Compared to last year the listing are down 32% and the sales are over double!

As of January 20,2010, in the Santa Clara County the inventory for active listings of single family homes was 1765 and condo/townhomes is 699. Totaling 2464 for both. The number of listings dropped around 55% from last year at this time!

The number of homes and townhome/condos that went into contract over the last 30 days was 1172. This figure is up over last year.

The number of closed sales in December was 1272. This figure is up 41% over last year! The 1st time buyer program and investors in the market have had an impact on this a LOT.

Last year In January there were 1246 short sale listings, 751 bank owned properties and 1729 traditional sellers. This year the numbers are 353, 162 and 923 respectively. The first two segments (short sellers and bank owned properties) dropped significantly. Last year only 15% of traditional sellers were in contract and this year it is 35.9%.

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