All that popularity comes at a cost, though. Prices have been sky high here for years, both for rentals and for home purchasing. The good news, though, for those with property or those who take the plunge and buy: it doesn’t look like Mountain View is going to lose its appeal anytime soon.
In this article, which is updated periodically, we will includ e live Altos Charts which automatically update weekly (so bookmark this page!) as well as monthly insights from the Real Estate Report for Mountain View. And time to time it will be enhanced with “in the trenches” commentary, too.
Overview of the city of Mountain View’s residential real estate market for houses:
Here are the statistics for sales in the last few months. You can see that the average days on market have risen to 11 days and inventory is down slightly. Prices are up month-over-month with homes on average selling over list price at a whooping 112.6%. Overall, there’s been some warming in the Mountain View housing market, but this is still a steady seller’s market. See the whole Mountain View Real Estate Report online here.
|Trends At a Glance||Jun 2017||Previous Month||Year-over-Year|
|Median Price||$2,125,000 (+4.3%)||$2,037,500||$1,700,500 (+25.0%)|
|Average Price||$2,261,960 (+6.1%)||$2,131,450||$1,800,470 (+25.6%)|
|No. of Sales||23 (+15.0%)||20||26 (-11.5%)|
|Pending||19 (-17.4%)||23||24 (-20.8%)|
|Active||9 (-25.0%)||12||14 (-35.7%)|
|Sale vs. List Price||112.6% (-2.3%)||115.2%||109.3% (+3.1%)|
|Days on Market||11 (+40.0%)||8||10 (+9.5%)|
|Days of Inventory||11 (-37.0%)||18||16 (-27.3%)|
And the chart from last month for comparison:
|Trends at a Glance||MAY 2017||PREVIOUS MONTH||YEAR-OVER YEAR|
|Median Home Price||+1.6%||$2,037,500||$2,005,000||+3.3%||$1,973,000|
|Average Sales Price||+3.5%||$2,131,450||$2,058,790||+14.3%||$1,864,870|
|No. of Homes Sold||+5.3%||20||19||+11.1%||18|
|Short Sales Sold||N/A||0||0||N/A||0|
|Active Short Sales||N/A||0||0||N/A||0|
|Sales Price vs. List Price||+5.7%||115.2%||109.0%||+3.5%||111.3%|
|Average Days on Market||-41.2%||8||13||-43.0%||13|