Campbell is a fun community with a very nice downtown area. Located just south of 280 with easy access to 880.
This chart shows the distribution of final sales prices for single family residences in Campbell during 2017. Homes typically sell in the $1.0M to $2.0M price range.
The annual median price for Campbell homes rose 14.3% in 2017. The annual increase in the median price for Campbell homes has averaged 6.7% per year since 1998 (CAGR).
The above scatter chart shows the distribution of home sizes (SQFT) and the $ per SQFT for Campbell homes in 2017. Each Closed Sale is represented by a single dot. Note how $/SQFT varies by home size.
Market demand for Campbell homes is at an all-time high. Average Days on Market are at all-time lows and the final sales vs. list price is also at historic highs.
This scatter chart shows the distribution final sales price to the list price. Note that homes that sell after one weekend on the market typically sell for over list price. Each home sale in 2017 is represented by a single dot.
The annual supply of New Listings for Campbell homes increased for the second year in a row in 2017, suggesting a potential upward trend.
A view of the quarterly median price provides some insight to how the current market is moving. Note that prices are still increasing, even with an increase in the supply of New Listings.
This monthly view of median prices for Campbell homes provides more insight into the ebb and flow of our real estate market. 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 monthly inventory of Active listings was even lower in 2017, even with an increase in New Listings. The number of Active Listings was typically around 20 compared to around 45 in 2012.
The above chart shows the monthly supply of New Listings for homes in Campbell. Note the seasonality with December typically being the low-point during the year.
This Days on Market chart shows the monthly average for Campbell homes sold. The spikes are typically in Dec-Jan during the slowest time of the year.
The monthly average Final Sales Price over/under List Price percentage provides a little more insight into how the current real estate market is moving. Note the decline in 2016 and the strong come-back in 2017.
Interestingly the monthly number of Closed Sales appears to be relatively consistent.
Sources: 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.