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. (Also popular are adjacent municipalities: Sunnyvale, Cupertino, Los Altos, and Palo Alto.)
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 monthly, 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:
See the whole Mountain View Real Estate Report online here.
It’s still a seller’s market in Mountain View with fast sales, but prices are down from last month as well as last year. The sale price to list price ratio is up, suggesting that sellers are being aggressive with their list prices and get a strong buyer’s response.
Mountain View Real Estate Market Update – houses:
Some mixed indicators, but overall, it looks as though the market is moving more into the sellers’ favor with mostly stronger pricing, shorter days on market, etc., however, some indicators are a little cooler.
|Trends At a Glance||Jun 2019||Previous Month||Year-over-Year|
|Median Price||$2,401,000 (+9.0%)||$2,202,000||$2,275,000 (+5.5%)|
|Average Price||$2,307,840 (+5.3%)||$2,191,310||$2,454,190 (-6.0%)|
|No. of Sales||18 (-51.4%)||37||21 (-14.3%)|
|Pending||21 (-12.5%)||24||21 (0.0%)|
|Active||33 (+3.1%)||32||25 (+32.0%)|
|Sale vs. List Price||101.1% (-2.5%)||103.7%||109.9% (-7.9%)|
|Days on Market||12 (-39.7%)||20||15 (-20.8%)|
|Days of Inventory||53 (+104.9%)||26||35 (+54.0%)|
And the month prior:
|Trends At a Glance||May 2019||Previous Month||Year-over-Year|
|Median Price||$2,202,000 (+3.0%)||$2,138,000||$2,535,000 (-13.1%)|
|Average Price||$2,191,310 (-2.7%)||$2,252,930||$2,478,900 (-11.6%)|
|No. of Sales||37 (+146.7%)||15||32 (+15.6%)|
|Pending||24 (-11.1%)||27||19 (+26.3%)|
|Active||32 (0.0%)||32||18 (+77.8%)|
|Sale vs. List Price||103.7% (+1.2%)||102.5%||113.6% (-8.7%)|
|Days on Market||20 (-9.8%)||22||9 (+133.7%)|
|Days of Inventory||26 (-58.1%)||62||17 (+53.8%)|