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Cambrian Q1 Real Estate Market

Like other parts of Silicon Valley, Cambrian real estate market trends show a lower number of homes available for sale than in previous years.

Cambrian real estate market trends over the past five years indicate that during the first quarter of the year, there are usually around 50 or 60 properties for sale in the area. This year, similar to other parts of Silicon Valley and the country, there are fewer properties available for sale at the start of 2017 than there have been in previous years in Q1.

According to data pulled from the MLS, this year, the Cambrian real estate market in Q1 saw the sale of 128 single-family residences. There was an average of 22 days on the market for these properties. The average sales price for these properties was $973,457. This is noticeably lower than the average sales price for 2016 as a whole, coming in at over $160,000 lower.

The lowest and highest sales prices for Cambrian homes in Q1

The lowest priced home in the area this past quarter was sold for $685,000 at 3231 Yucca Avenue. It was on the market for just one day, and features 4 bedrooms, 1 bathroom and 1,140 interior square feet. The home sits on a 4,950 square foot lot.

On the other end of recent Cambrian real estate market trends, 14721 Charmeran Avenue had the highest sales price of last quarter. Selling for $2,450,000, it was on the market for a total of 7 days. It features 6 bedrooms, 4 bathrooms, and one half bath. It occupies 3,739 interior square feet on a 15,300 square foot lot.

What about condos and townhomes?

Condos and townhomes in Q1 were on the market for an average of 33 days. A total of 29 of these types of properties sold in Cambrian from early January to the end of March. They had an average sales price of $639,182. This is also noticeably lower than the average sales price of 2016 as a whole. Last year’s average sales price was close to $50,000 greater, at $687,970.

Despite less homes being available in the Cambrian real estate market than in years past, a decrease in average sales prices for single-family residences as well as condos and townhomes might indicate less of a demand from homebuyers than in previous years. Although, only comparing 3 months to the previous 12 doesn’t give us the full picture. The demand for Cambrian homes is still strong and we’ll wait and see what Q2 has to bring.

Stay on top of the trends in the Cambrian real estate market.

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