How’s the Mountain View real estate market? This is one of the very hottest areas within Silicon Valley and is home to a myriad of high tech companies and in a stone’s throw of others. With a charming and walkable downtown, easy access to CalTrain and a vibrant atmosphere conducive to both work and play, it is no wonder that people relocating to the San Francisco Bay Area or Silicon Valley place Mountain View squarely in their target.
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 include 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|