The fastest rising prices,24% during the first half of 2022, was a dramatic increase for Campbell homes. A new all-time high that extends the 10-year trendline. The annual increase in the median price for Campbell homes has averaged 6.9% per year since 1998 (CAGR).
Market demand is at all-time highs. The average final sales vs. list price (blue line) is increasing to all-time levels. Average Days on Market (red line) remains at all-time lows.
The annual supply of New Listings continues at 2012+ levels. This chart is updated once a year at year-end.
Campbell homes sell in the $1.0M to $2.0M price range. The chart above shows the distribution by number of bedrooms based on Closed Sales in 2020.
The $ per SQFT varies widely. The above charts shows the distribution of both the size of home and its corresponding $/SQFT, providing a good view of what is available in Campbell.
The quarterly median price is at all-time highs for both Q1 and Q2.
The monthly median prices for Campbell homes has been pretty consistent in 2022. Keep in mind that the fluctuation may be due to a change in the mix of homes selling in a particular month, not necessarily changes in home values.
The average Days on Market has remains at historically low levels.
The average Final Sales Price over/under List Price percentage spiked dramatically early in 2022.
Homes selling within the first ten days on market are typically selling for 5% to 20% over list.
The monthly supply of New Listings is relatively consistent with previous years. Note the seasonality with December typically being the low-point during the year.
The Inventory of Active listings is higher than prior years.
The number of Sales per month appears to be lower than prior years.
Source: The data above is obtained directly from MLSlistings, the multiple listing service (MLS) serving Santa Clara and San Mateo counties. The information is deemed to be accurate, however is not guaranteed.