There were 45 single family home sold in November. This number is down -2.2% from 46 in November of last year and lower from 61 homes sold in October 2015. When we compare the Year to Date (to November 2015) sales of single family home to those of the previous two years, the sales are around 3% lower (620 2015 YTD, compared to 639 YTD in 2014).
When we look at the home values in Cambrian Park in San Jose the median price single family home increased from $855,000 to $922,000 for a year to date gain of 7.8%. However, the median price went down slightly from October $925,000 to November 2015 $922,000.
The average List Price to Sales Price in Cambrian was is 107% for the year, meaning that if a home is listed for $100,000 it eventually sells for $107,000 or 107 percent over the asking price. This tells us that there are still plenty of multiple offers for home selling in Cambrian. In November 2015, however, the average List Price to Sales Price dropped to 103.5%.
Another factor we like to measure is Days on Market. In other words, how long does the average home sit on the mls before it gets sold. The average Days on market for Cambrian homes for sale was this year was 19 days. However, in November the Days on market went way up to 29 days. It took longer to sell a home in November this year.