Mountain View CA real estate market trends and statistics
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 |
| Pending Properties | +27.8% | 23 | 18 | -30.3% | 33 |
| Foreclosures Sold | N/A | 0 | 0 | -100.0% | 1 |
| Short Sales Sold | N/A | 0 | 0 | N/A | 0 |
| Active Listings | +9.1% | 12 | 11 | -29.4% | 17 |
| Active Foreclosures | 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 |
Please continue reading to see the data for condominiums and townhouses, plus also the live Altos Research charts for both single family homes and also condos and townhomes.
RE Report for the Mountain View Condo Market
There’s tons of activity in the Mountain View condo market. Normally the condo market falls short of the housing market in the bay area, but not in this case. Mountain View condos are selling close to, or sometimes even better than, the housing market. These condos are selling well above list price (109.7% over), and in a speedy 10 days. With 22 condos pending, 24 sold and closed, and 18 active, inventory and turnover is slightly higher in the condo market than in the housing market! Usually in condo markets, smaller inventory provides less reliable data, but steady trends over the past months plus steady inventory tells us this is is a fairly accurate look at the current market, perhaps even more-so than the single family housing market.
| Trends At a Glance | Jun 2017 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,256,000 (+5.3%) | $1,192,500 | $1,100,000 (+14.2%) |
| Average Price | $1,184,620 (+4.8%) | $1,130,850 | $1,083,360 (+9.3%) |
| No. of Sales | 24 (-25.0%) | 32 | 34 (-29.4%) |
| Pending | 22 (-12.0%) | 25 | 35 (-37.1%) |
| Active | 18 (+100.0%) | 9 | 23 (-21.7%) |
| Sale vs. List Price | 109.7% (+0.3%) | 109.3% | 107.2% (+2.3%) |
| Days on Market | 10 (-26.3%) | 13 | 15 (-34.0%) |
| Days of Inventory | 22 (+157.8%) | 8 | 20 (+10.9%) |
And the chart from last month:
| Trends at a Glance | MAY 2017 | PREVIOUS MONTH | YEAR-OVER YEAR | ||
|---|---|---|---|---|---|
| Median Home Price | +23.8% | $1,192,500 | $963,000 | +20.5% | $990,000 |
| Average Sales Price | +8.8% | $1,130,850 | $1,038,960 | +11.1% | $1,017,840 |
| No. of Homes Sold | +6.7% | 32 | 30 | +6.7% | 30 |
| Pending Properties | -13.8% | 25 | 29 | -24.2% | 33 |
| Foreclosures Sold | N/A | 0 | 0 | N/A | 0 |
| Short Sales Sold | N/A | 0 | 0 | N/A | 0 |
| Active Listings | -25.0% | 9 | 12 | -66.7% | 27 |
| Active Foreclosures | N/A | 0 | 0 | N/A | 0 |
| Active Short Sales | N/A | 0 | 0 | N/A | 0 |
| Sales Price vs. List Price | +0.7% | 109.3% | 108.5% | +1.5% | 107.7% |
| Average Days on Market | +17.4% | 13 | 11 | -43.5% | 23 |
Altos Research Charts:
Single Family homes by price quartile
Median List price
Average days on market for single family homes in Mountain View
Inventory of single family homes (showing in quartiles but these will always have the same pattern per quartile)
Townhouse and condo market in Mountain View:
Altos Research Charts
Median list price:
Average days on market:
Inventory
Mountain View zip codes includ e 94040, 94041, 94043 (related area 94035,94039,94042 – post office and other non-housing areas)
20170719
Mountain View real estate market trends and data by neighborhood
My Real Estate Report drills down the data by neighborhood in Mountain View (and also Palo Alto and San Jose – the latter being very understandable as it’s almost 1 million people, rather than Mountain View’s 75,000 people). Want to check out these areas? Then visit popehandy.rereport.com, select Santa Clara County, then under city choose Mountain View, and under ZIPS select the area you want. Here are your options there: