Fantastic west San Jose townhome at 3693 Cabernet Vineyards Circle! Just listed today! Offered at $975,000

West San Jose townhome: Front of home & walkway

West San Jose townhome at Cabernet Vineyards Circle

I just listed a beautiful 3 bedroom, 2.5 bath west San Jose townhome near Santana Row and am excited to invite you to see it:

Open House

  • 2018-10-17 09:30 AM to 12:30 PM
  • 2018-10-20 02:00 PM to 04:00 PM
  • 2018-10-21 02:00 PM to 04:00 PM

Quick Facts on this west San Jose townhome:

  • 2 bedrooms
  • 5 bathrooms
  • 1496 square feet (per county records)
  • 1100 SF lot size (per county records)
  • Built in 1990
  • Attached 2 car garage
  • Townhouse style building, condominium ownership
  • Central air conditioning
  • Water softener
  • Monthly HOA dues 285.86
  • MLS # ML81727678

Please browse a sampling of photos to get a feel for this lovely home here. You can see ALL of the photographs at the virtual tour site.

This updated townhouse features an open floor plan and loads of natural light and offers a spacious front patio for dining and relaxing outdoors.

3693 Cabernet Vineyards Circle, San Jose CA 95117 Front Patio

Enter the home from a pleasantly landscaped walkway and see the spacious front patio with plenty of room for entertaining.

3693 Cabernet Vineyards Circle, SJ 95117 Living room and front door

The tiled entryway leads to the main living areas of the home, which feature gorgeous engineered hardwood floors, recessed lights, plantation shutters, and a wonderfully open floor plan.

Living and dining:

  • Engineered hardwood floors
  • Gas log fireplace
  • Built in storage
  • Recessed lights
  • Extra large storage closet under the staircase

3693 Cabernet Vineyards Circle, San Jose CA 95117 Living Room fireplace

The living room boasts an easy care gas log fireplace and some built in storage.

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Why didn't my San Jose home sell.Why didn’t my San Jose home sell?” is starting to be heard across this sprawling Silicon Valley city as market conditions soften and the number of sales has been dropping.

If you’ve had your San Jose home listed for sale with a real estate professional but after a long while on the market it hasn’t sold, you are probably tired, discouraged, and maybe even angry. What went wrong?  Isn’t this still a hot seller’s market?

First – San Jose real estate market conditions

Neither the sellers nor their Realtors control the market, but it is imperative that we understand the market if your home is to be properly positioned for a sale. Your own area may not be reflective of the city of San Jose as a whole, but this should give you some ideas on how things are faring, and you can check the link below for your area, whether it’s Berryessa, west SJ / Campbell area, Almaden, downtown, etc.

The facts, taken from the RE Report for San Jose real estate trends in Sept 2018:

  • Yes, it is still a seller’s market, however, it has been cooling since the peak in spring.
  • Prices are down. If the “comps” you’re looking at were sales from May or June, those prices are too high.
  • Sales are down. Sellers must try harder to create the home that buyers want to buy and Realtors want to sell. In September 2017, there were 483 single family homes sold in San Jose. In September 2018, that number fell to 408, which is a 15.5% decline year over year. The condo and townhouse market was worse, with 220 of them sold in San Jose in Sept 2017, and 163 in September 2018, which is a 20.9% drop. Your job as a seller is tougher because buyers are not so keen to buy now as a year ago.
  • Days on Market (DOM) are up, meaning that it’s taking longer to sell homes. For houses, the DOM has moved from 17 to 26 (an increase of 52%). For townhouses and condos, it’s jumped from 18 days to 22 days for Sept 2017 to Sept 2018, up 22.9%.
  • Days of Inventory is perhaps the most dramatic, changing for single family homes from 9 in Sept 2017 to 53 in Sept 2018, a whopping surge of 487.6% year over year.

Those are some of the scary truths. At the same time, homes that sell quickly (within 2 or 3 weeks tops) are selling for more than list price most of the time. When properties go pending within 10 days, they often sell with multiple offers and few or no contingencies. For sellers, that’s usually the sweet spot and why agents often focus on selling in the shortest amount of time with the highest price. It’s not just a tag line, it’s the truth.

Second – when residential real estate doesn’t sell, what are the usual reasons?

PRICE

Everyone likes “easy answers”, and the most common easy answer to the question of why the house is now an expired listing or one that doesn’t sell quickly is price. Most homes that don’t sell are overpriced. This is true but an oversimplification. It’s not the only answer, and it’s not the answer every single time. It is the one we see most often, though.

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The Monte Sereno real estate market is similar to Los Gatos, but distinct - Monte Sereno shares many features with Los Gatos but is a distinct cityHow is the Monte Sereno real estate market? Because the city is small, with just about 4000 residents, there usually are few homes listed for sale or selling, and with small numbers we can get seeming volatility. Last January, for instance, there was only one home listed and none sold!

There are no condominiums or townhomes in Monte Sereno at present (we are watching closely the proposed development at La Rinconada, which is unincorporated as of this writing). One of the major challenges for this city is to ensure that at least some housing units are deemed “affordable.” You can find the city’s housing plan here (a pdf online):
http://www.montesereno.org/DocumentCenter/Home/View/674

How much home do you get for your money in Monte Sereno?

Altos Research does weekly reports, to which I subscribe. You can see the full weekly report for Monte Sereno HERE and you can click the subscribe button there if you’d like to get it weekly (or navigate to another zip code or city and subscribe to that). Here’s the data on home descriptions per price quartile in the report for today, Oct 10 2018:

2018-10-10 Altos Report for Monte Sereno CA 95030

2018-10-10 Altos Report for Monte Sereno CA 95030

 

Recently closed home sales in Monte Sereno

Here are the quick statistics for the closed sales in the last complete month to give a sense of how things are going with the Monte Sereno real estate market. Sales data comes from my Monte Sereno Real Estate Report. Given that the supply of homes to study is tiny, what can we tell from this data?

It’s true that an average Monte Sereno house is about $2.5-3.5 million, and often higher in the current market – a little steep for most folks! With 11 active, 6 pending, and 4 sales this past month, low data makes it hard to get the most accurate market information. During times like this, it’s more important to look at the trends over multiple months than to base your understanding of the market off a single month, and to compare with similar, nearby markets such as Los Gatos.

Below are the charts from the last two months. Overall, the market is this part of the valley is mostly flat month over month, but up double digits year over year. (Oddly, this market has been heating up while most of the valley has been cooling!)

Trends at a Glance

Trends At a Glance Sep 2018 Previous Month Year-over-Year
Median Price $3,650,000 (+47.9%) $2,467,810 $2,625,000 (+39.0%)
Average Price $3,655,000 (+24.1%) $2,944,770 $2,576,250 (+41.9%)
No. of Sales (-16.7%) 6 (-16.7%)
Pending (-60.0%) 5 (-50.0%)
Active (+50.0%) 4 (0.0%)
Sale vs. List Price 101.3% (+4.7%) 96.7% 97.5% (+3.9%)
Days on Market 20 (-5.2%) 21 26 (-23.1%)
Days of Inventory 35 (+74.0%) 20 29 (+20.0%)

 

And last month:

 

 

Trends At a Glance Aug 2018 Previous Month Year-over-Year
Median Price $2,467,810 (-14.9%) $2,900,000 $3,562,500 (-30.7%)
Average Price $2,944,770 (-2.7%) $3,027,330 $3,755,000 (-21.6%)
No. of Sales (0.0%) 6 (+50.0%)
Pending (-16.7%) 6 (+25.0%)
Active (-33.3%) 6 (-20.0%)
Sale vs. List Price 96.7% (-3.6%) 100.3% 97.2% (-0.5%)
Days on Market 21 (-0.8%) 21 82 (-74.8%)
Days of Inventory 20 (-33.3%) 30 38 (-46.7%)

 

Continue reading to view live Altos Research charts for the real estate market in Monte Sereno, including by pricing quartile. Continue reading

Bel Estos Drive near Carlton and Rosswood in San Jose's Cambrian areaMy Cambrian area of San Jose Real Estate Report was recently published with the updated numbers from the closed sales last month for this part of San Jose (95124 and 95118 with a little of 95008 too). Please click on the link above to see much more information there. Those charts are below.

Cambrian is MIXED at the moment, and the determining factor appears to be the school district. Overall, the Cambrian real estate market is a seller’s market, but one that has been softening over the last 6 months with prices coming down, the days on market going up, and conditions becoming more favorable for buyers with the passage of time.

Now, though, there seems to be an uptick in at least part of the Cambrian housing market. If we break it into different segments, we can see that it is not moving as one unified market, but rather as some micro markets moving somewhat independently.  Next, I’ll share some charts I’ve pulled from the MLS this morning to point to that fact, using the Days On Market (DOM) and Sale Price to List Price Ratio.

 

1 – All of Cambrian (MLS area 14, which includes 95124, most of 95118, and a little of 95008)  – days on market and sale price to list price ratio by month, including October so far. Notice that the decline has softened and the market is almost now flat.

 

The Cambrian real estate market - days on market and sale price to list price ratio

The Cambrian real estate market – days on market and sale price to list price ratio

 

2 – Cambrian with the Campbell Union High School District (95124 with some 95118) – same criteria as above

Cambrian with Campbell Union HSD

Cambrian with Campbell Union High School District – days on the market and sale price to list price ratio

It’s interesting that the days on market are steeper so far this month in the CUHSD part of Cambrian. Could it be that homes are more expensive, and price is a factor?  We’ll have to continue to check – see below.

3 – Cambrian with San Jose Unified School District

Cambrian with SJ Unified Schools - days on market and sale price to list price ratio

Cambrian with SJ Unified Schools – days on market and sale price to list price ratio

Here we see a clear indicator that the school district is a major driver in home values. (In fairness, it could also be a commute issue, as this area is farther from Sunnyvale / Mountain View, etc., or that could be a contributing factor.)

What about the impact on price and home size? Continue reading

Willow Glen real estate market is a strong seller's market. This Willow Glen sign is from the downtown business district.Willow Glen is perhaps the most charming residential area of the city of San Jose with its old style architecture, tree lined streets and quaint downtown area on Lincoln Avenue and nearby. For folks working in downtown San Jose, the Willow Glen area (roughly the same as 95125 zip code, though a bit of 95124 is included also) is extremely convenient.

The real estate market in Willow Glen has been declining slightly from the peaks earlier this year, but values are up year over year, just like the most of the valley. My sense is that this is a seasonal fluctuation combined with “buyer fatigue”. Last year, the housing market did not follow the regular pattern – but this year, perhaps we are settling back into exactly that.

Click for the complete Willow Glen real estate report with all of the numbers, stats and trends from the closed sales of houses for last month. Further down in this article you’ll find the Altos Research charts as well.

Willow Glen Market Trends

Trends At a Glance Sep 2018 Previous Month Year-over-Year
Median Price $1,379,000 (-3.9%) $1,435,000 $1,250,000 (+10.3%)
Average Price $1,538,500 (-1.4%) $1,560,210 $1,365,410 (+12.7%)
No. of Sales 50 (+25.0%) 40 59 (-15.3%)
Pending 40 (-18.4%) 49 48 (-16.7%)
Active 65 (+12.1%) 58 35 (+85.7%)
Sale vs. List Price 101.8% (-1.7%) 103.5% 104.7% (-2.8%)
Days on Market 25 (+8.4%) 23 22 (+11.0%)
Days of Inventory 38 (-13.3%) 44 17 (+119.1%)

 

And for the month before:

 

Trends At a Glance Aug 2018 Previous Month Year-over-Year
Median Price $1,435,000 (-1.9%) $1,462,500 $1,391,000 (+3.2%)
Average Price $1,560,210 (+3.0%) $1,515,270 $1,486,540 (+5.0%)
No. of Sales 40 (-13.0%) 46 55 (-27.3%)
Pending 49 (+6.5%) 46 54 (-9.3%)
Active 58 (-17.1%) 70 27 (+114.8%)
Sale vs. List Price 103.5% (0.0%) 103.5% 104.1% (-0.6%)
Days on Market 23 (+47.3%) 15 22 (+1.3%)
Days of Inventory 44 (-4.7%) 46 15 (+195.4%)

 

And next, of Willow Glen condos:

 

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Leo or Leona - the mascot of Los GatosMost of the Santa Clara Valley is undergoing a cooling trend. With Los Gatos 95030 & 95032, though, it has not been a straight decline as in some areas, though the peak of the market was in March (think February sales with closings 30 days later).  Here are the current numbers, per my Los Gatos real estate report (click on the link for full information).

The Los Gatos Mountains are a distinctly different market and as such are covered in a separate market update, updated less frequently than here, but with live Altos charts for that area.

Los Gatos / Monte Sereno housing values and pricing trends (aka “area 16” for our MLS, zip codes 95030 and 95032) – month over month, it’s down 10.3%, and year over year,  down 16.1%. It remains a sellers’ market in most segments of the Los Gatos real estate market, but if the current trends continue, it will be a buyers’ market in a few months.

Los Gatos Trends at a Glance

Trends At a Glance Sep 2018 Previous Month Year-over-Year
Median Price $2,000,000 (-10.3%) $2,230,000 $2,384,000 (-16.1%)
Average Price $2,417,500 (-10.4%) $2,699,150 $2,567,270 (-5.8%)
No. of Sales 25 (-7.4%) 27 44 (-43.2%)
Pending 42 (+10.5%) 38 39 (+7.7%)
Active 62 (+1.6%) 61 47 (+31.9%)
Sale vs. List Price 101.0% (-0.1%) 101.1% 101.1% (-0.1%)
Days on Market 25 (-29.9%) 35 42 (-41.3%)
Days of Inventory 72 (+6.1%) 68 31 (+132.2%)

 

And from last month:

 

Trends At a Glance Aug 2018 Previous Month Year-over-Year
Median Price $2,230,000 (-7.5%) $2,410,000 $2,297,500 (-2.9%)
Average Price $2,699,150 (+11.3%) $2,424,220 $2,742,170 (-1.6%)
No. of Sales 27 (-12.9%) 31 32 (-15.6%)
Pending 38 (+11.8%) 34 47 (-19.1%)
Active 61 (-18.7%) 75 52 (+17.3%)
Sale vs. List Price 101.1% (-0.8%) 101.9% 101.1% (0.0%)
Days on Market 35 (+38.0%) 25 43 (-18.4%)
Days of Inventory 68 (-6.6%) 73 49 (+39.0%)

 

Santa Clara real estate market - The Santa Clara Women's Club http://www.santaclarawomansclub.org/

The Santa Clara Women’s Club (old adobe house)
http://www.santaclarawomansclub.org/

Update on the Santa Clara real estate market: The realty market in the city of Santa Clara, like the rest of Silicon Valley, is one in which the sellers have a strong upper hand.

Below there are charts for the activities over the last few months. Low inventory from the past year and continuous low inventory around the rest of the Valley means there is still a much greater demand to fill than properties available. This is clear in the sales price vs list price, which at it’s current high of 119.5%, and has been on the rise after staying near 110% for months. Also, the speed of market turnover (how long a house is on the market) has remained low as far back as we can see on these charts and in under a month. Further in the article, we’ll check in on the condo market, too.

Here’s a glance at the Santa Clara real estate market for single family homes. See the statistics and trends for closings and listings for last month – updated each month on about the 5th – 10th on my RE Report site for realty stats & trends in Santa Clara:

Trends at a Glance

The single family home market is up from last year, but sliding month over month right now. This sometimes happens in the second half of the year and may be a seasonal trend.

Trends At a Glance Sep 2018 Previous Month Year-over-Year
Median Price $1,329,000 (-10.2%) $1,480,000 $1,300,000 (+2.2%)
Average Price $1,417,710 (-3.1%) $1,462,530 $1,340,990 (+5.7%)
No. of Sales 32 (-25.6%) 43 60 (-46.7%)
Pending 46 (+64.3%) 28 33 (+39.4%)
Active 55 (+37.5%) 40 19 (+189.5%)
Sale vs. List Price 103.1% (-1.6%) 104.8% 110.9% (-7.0%)
Days on Market 14 (-50.7%) 28 14 (-5.0%)
Days of Inventory 50 (+78.6%) 28 (+442.8%)

 

Silver Leaf Park in the Santa Teresa area of San Jose - the proximity of parks will impact the Santa Teresa real estate market for that neighborhood

Silver Leaf Park in the Santa Teresa area of San Jose

How’s the Santa Teresa real estate market?  The scenic Santa Teresa area of San Jose is popular as it’s a bit more affordable but offers lovely views of the hills and public schools that seem to be improving over time, making the area more desirable.These positives seem to be helping that area to hold its value pretty well. Home prices are still up about 20-25% year over year.

Here’s quick view of the real estate statistic and trends for just the Santa Teresa area’s single family homes (houses / duet homes):

Santa Teresa real estate market stats & trends

The Santa Teresa single family home market is one of the strongest segments in all of Santa Clara County.  Most of the valley has seen prices fall – first month over month, then year over year. Santa Teresa, though, continues to surge ahead, almost immune to market conditions impacting most of San Jose!

Trends At a Glance Sep 2018 Previous Month Year-over-Year
Median Price $1,115,000 (+10.9%) $1,005,000 $882,500 (+26.3%)
Average Price $1,091,830 (+1.0%) $1,080,650 $914,062 (+19.4%)
No. of Sales 19 (0.0%) 19 20 (-5.0%)
Pending 17 (-5.6%) 18 19 (-10.5%)
Active 41 (+28.1%) 32 11 (+272.7%)
Sale vs. List Price 103.3% (+2.1%) 101.2% 104.8% (-1.4%)
Days on Market 26 (+6.8%) 25 12 (+120.6%)
Days of Inventory 63 (+23.9%) 51 16 (+292.3%)

 

And the month before:

 

Trends At a Glance Aug 2018 Previous Month Year-over-Year
Median Price $1,005,000 (+0.8%) $997,500 $875,000 (+14.9%)
Average Price $1,080,650 (+3.5%) $1,044,290 $896,360 (+20.6%)
No. of Sales 19 (-20.8%) 24 25 (-24.0%)
Pending 18 (-21.7%) 23 23 (-21.7%)
Active 32 (+39.1%) 23 (+540.0%)
Sale vs. List Price 101.2% (-5.1%) 106.6% 105.2% (-3.9%)
Days on Market 25 (+49.5%) 17 12 (+108.0%)
Days of Inventory 51 (+75.7%) 29 (+742.1%)

 

You can read the Santa Teresa area real estate market report at this link if you’d like more details and statistical analysis. This particular page goes to the report for houses, but you can navigate home type to see condos/townhomes or any other area in San Jose, Santa Clara County, San Mateo County, or Santa Cruz County.

 Also, please note that zip codes don’t always relate to the districts. Zip code 95138 is a great example of that as part of it is in Santa Teresa and part in Evergreen (pricey and upscale Silver Creek). Pull up the averages for 95138 and you might think all the homes are selling for around $1.4 million. But if you look in the charming but more affordable Silver Leaf area of the same zip code, you’ll find the cost half as much – or less! So too with 95123 (though less dramatic) as about half of that is in Blossom Valley and part in Santa Teresa.
It’s good to do a lot of research, but beware the “easy answers” of price per square foot or average sales price per zip code. Often your best help will come from a highly experienced real estate professional who’s willing to help you to crunch the numbers for the Santa Teresa real estate market (boring grunt work but not actually difficult).
And don’t forget the condo market! This can be even more difficult to pin down because of the small amount of data and the wide variety of values.  Overall, it’s pretty much “holding steady” right now. The days of inventory is wonky because there were very few closings in July, and an explosive number of listings (and a huge number of pendings, also). Those pendings will close soon enough, so I would suggest ignoring the days of inventory this time.
Here’s a quick look at the current Santa Teresa condo market from the RE Report data:

Trends at a Glance for Santa Teresa Condos & Townhomes

Prices are up year over year for condos and townhouses in Santa Teresa, and homes are still selling for more than list price on average, but the market is cooling prices lower month over month and with far more inventory and much longer days on market.

Trends At a Glance Sep 2018 Previous Month Year-over-Year
Median Price $752,500 (-11.5%) $850,000 $670,000 (+12.3%)
Average Price $771,162 (-10.5%) $861,400 $694,629 (+11.0%)
No. of Sales 12 (+140.0%) 5 (+100.0%)
Pending 13 (-18.8%) 16 15 (-13.3%)
Active 17 (+54.5%) 11 (+750.0%)
Sale vs. List Price 101.7% (-0.9%) 102.6% 105.3% (-3.4%)
Days on Market 28 (+271.7%) 8 36 (-20.4%)
Days of Inventory 41 (-37.8%) 66 10 (+325.0%)

 

And the month before:

 

Trends At a Glance Aug 2018 Previous Month Year-over-Year
Median Price $850,000 (-11.5%) $960,000 $688,000 (+23.5%)
Average Price $861,400 (-7.7%) $933,333 $653,857 (+31.7%)
No. of Sales (+66.7%) 3 (-28.6%)
Pending 16 (+60.0%) 10 16 (0.0%)
Active 11 (-21.4%) 14 (+450.0%)
Sale vs. List Price 102.6% (-8.7%) 112.4% 104.1% (-1.5%)
Days on Market (+52.0%) 5 (-6.7%)
Days of Inventory 66 (-52.9%) 140 (+670.0%)

 

Disclaimers made, here are some Altos Research numbers for the four Santa Teresa zip codes:

Real Estate Market Chart by Altos Research www.altosresearch.com

You’ll note that one of the four zips is super high – this is 95138, which has a number of homes in The Ranch, a subdivision in Evergreen near Silver Creek. The part of 95138 which is in Santa Teresa is considerably more affordable, well under $1 million in the vast majority of cases. So let’s take that one out so we can get a better feel for the true pricing of Santa Teresa homes.

Real Estate Market Chart by Altos Research www.altosresearch.com

Here two of the zip codes seem to be on track with each other, but 95123 is going at a different pace. Half of that area is Blossom Valley, which tends to be a stronger market. Regardless, it would seem that overall, the median list price of homes for sale in Santa Teresa has gone from the mid 700 thousands to the mid 800 thousands over the last year, now hanging out close to the 900 mark. And that’s about what I have seen, anecdotally, too.

Santa Teresa homes for sale

Interested in buying a house, townhouse or condominium in the Santa Teresa area? Below, please check out a list of available properties, listed in order of most recently added to the MLS first. Or better yet, call or email me to discuss working together!

 

  1. 3 beds, 2 baths
    Home size: 1,137 sq ft
    Lot size: 6,107 sqft
  2. 5 beds, 4 baths
    Home size: 2,553 sq ft
    Lot size: 5,998 sqft
  3. 4 beds, 3 baths
    Home size: 1,697 sq ft
    Lot size: 3,284 sqft
  4. 4 beds, 2 baths
    Home size: 1,843 sq ft
    Lot size: 5,998 sqft
  5. 4 beds, 3 baths
    Home size: 1,827 sq ft
    Lot size: 4,530 sqft

See all Real estate in the Santa Teresa community.
(all data current as of 10/21/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Related Reading:

Awhile back, I visited the Suddath Relocation Service’s warehouse in San Jose.  Charles Canfield, my sales representative there, had invited me to come by and have a look.  My direct experience with moving companies hadn’t included a behind-the-scenes visit to to their work and storage site, so I took him up on the kind offer and got a tour of a different sort.  During my visit, Charles showed me how they get items labeled, organized and stored so that things are both secure and find-able when it’s time to take them out of storage and off to a new residence.  What follows below are some photos of the visit, which I hope you find interesting.

When first approaching the warehouse, it’s no surprise to see some trucks by the bays to load or offload goods.

Suddath Relocation Systems trucks

 

 

After seeing the lobby and conference room, Charles took me to the warehouse, which is (not surprisingly) climate controlled to protect the items being stored.  There I saw as yet unmade boxes, paper for wrapping fragile items, sheets of what look like clear plastic wrap for bundling things together.  I was amazed at the immensity of the whole thing – the room, the materials, the containers. It all struck me as vast.

 

Graebel wrapping materials

 

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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 walk-able 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 are low at 9 days with homes on average selling well over list price at 114.5%. Overall, the Mountain View real estate market is still a steady seller’s market. See the whole Mountain View Real Estate Report online here.

 

Trends at a Glance for the Mountain View real estate market

The Mountain View real estate market trends indicate that we still have a seller’s market there, if softening in some factors. While much of Santa Clara County has seen a softening market month over month, single family homes in Mtn View are holding their value pretty decently. It’s still a seller’s market – perhaps even a little stronger than last month.

Trends At a Glance Sep 2018 Previous Month Year-over-Year
Median Price $2,230,000 (+3.0%) $2,165,000 $1,900,000 (+17.4%)
Average Price $2,316,430 (-2.8%) $2,382,220 $2,080,860 (+11.3%)
No. of Sales (-61.1%) 18 21 (-66.7%)
Pending 21 (+110.0%) 10 13 (+61.5%)
Active 27 (+58.8%) 17 12 (+125.0%)
Sale vs. List Price 103.7% (+0.9%) 102.8% 109.9% (-5.7%)
Days on Market 18 (-12.2%) 21 11 (+65.7%)
Days of Inventory 112 (+294.8%) 28 17 (+575.0%)

Mountain View CA 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:

Please continue reading to see the Mountain View CA real estate market trends data for condominiums and townhouses, plus also the live Altos Research charts for both single family homes and also condos and townhomes.

 

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Mary Pope-Handy

Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805


Selling homes in
Silicon Valley:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
:
Special focus on:
San Jose, Los Gatos,
Saratoga, Campbell,
Almaden Valley,
Cambrian Park.

Let’s Connect

Find Mary on FacebookFollow Mary on Twitter
RSS FeedFollow Mary on YouTube

Please see more icons
at the bottom of the page.

The real estate search

Use the widget below to browse properties which are for sale, under contract (pending) or sold. Want to view only homes which are available now? Use the "find a home" link on the menu above (next to the "home" button).

Mary’s other sites & blogs

Valley Of Hearts Delight
Santa Clara County Real Estate,
with an interest in history

Move2SiliconValley.com
Silicon Valley relocation info

popehandy.com
Silicon Valley real estate,
focus on home selling

Silicon Valley Real Estate Report
Silicon Valley real estate
market trends & statistics

Mary’s Blog Awards

Top 25 real estate blogs of 2018 by RentPrep2018 RentPrep.com's list of top 25 real estate blogs to follow


Top 25 real estate blogs 2016
2016: Personal Income's list of top 25 real estate blogs.


Best Realtor blog award
2016: Coastal Group OC's list of best Realtor blogs


The 2009 Sellsius list of top 12 women real estate bloggers
2009: Sellsius list of top
12 women real estate bloggers


Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.


Non blog award


Best real estate agent in Silicon Valley from the San Jose Mercury News poll of readers in 2011
"Best real estate agent
in Silicon Valley"

2011 readers' poll,
San Jose Mercury News

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