Cambrian Park: Months of Inventory Declining Steadily for Single Family Homes
By Mary Pope-Handy, CRS, CIPS, ABR, SRES, Silicon Valley
(Christie's International Real Estate Sereno)
The stats aren't out yet from MLSListings.com, our MLS provider for the Silicon Valley Real Estate Market, so I did a little number crunching of my own to see how things are looking.Cambrian Park, a district of San Jose bordering Los Gatos, Campbell, Willow Glen and Almaden Valley, is a good barometer for Silicon Valley and tends to represent a good middle point for pricing. Want to know how Santa Clara County is doing? Check Cambrian. It's usually in step with the averages and medians countywide.That said, I wanted to see the absorption rate, or "months of inventory" for single family homes in Cambrian. The absorption rate tells us how long it would take to sell off the current inventory if no new homes came on the market and things continued selling at this pace. In Cambrian, the news...
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