Strong 14% increase in the median price for a Campbell single family 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 has returned to 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 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 showing a strong increase in 2021.
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 average Days on Market has returned to historically low levels.
The average Final Sales Price over/under List Price percentage has returned to historically high levels.
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 falling to historically low levels.
The number of Sales is looking pretty strong in 2021.
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.