San Jose Cambrian Community

May 2024

The Cambrian area of San Jose just north of Hwy 85 and east of Hwy 17/880. Strong elementary schools and relatively affordable prices makes this a very popular area. Click on the following links for information on The San Jose-Cambrian Community and Schools.

The 2024 YTD median price shows a significant increase over both 2023 and the previous peak of 2022. The annual rate of appreciation for San Jose-Cambrian homes has averaged 6.7% per year (CAGR) over the past 25 years and has more than doubled over the past 10 years.

Market demand for Cambrian homes remains strong. New listings are selling quickly with the average days on market (red line) at historically low levels. Final sales prices (blue line) have risen dramatically to historic highs.

The supply of New Listings (blue line) has declined 30% from 2011-21 averages. This chart is updated annually after year-end.

Cambrian homes are mostly in the $1M to $2M range. 

The chart above shows the distribution by both size (SQFT) and the corresponding $/SQFT. This also gives you an idea of home sizes in Cambrian.

Quarterly Median Prices are showing a Q2-3 recovery.

The monthly median prices for San Jose-Cambrian homes are rising in 2023. 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, and that median prices are reported after escrow closes, so monthly values typically lag the actual sale by one month.

The monthly Days on Market remains at historic lows.

The monthly average sales price over/under list price percentage also rose suggesting a strong number of competing offers.

Homes selling within the first 10 days on market are typically selling for up to 20% over list.

The monthly supply of new listings for homes in San Jose-Cambrian has declined significantly. Note the seasonality with December typically being the low-point during the year.

The Inventory of Active listings is lower than prior years. Since supply of new listings looks to be consistent, then this must reflect a significant increase in demand.

Interestingly the monthly number of Sales also appears lower than previous 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.