Mountain View CA real estate market trends and statistics on Mary Pope-Handy's Valley of Heart's Delight blogHow’s the Mountain View CA 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 is a stone’s throw from 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 in Mountain View for years, both for rentals and for home buying. The good news, though, for those with property or those who take the plunge and purchase: 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. From time to time I will be adding “in the trenches” commentary to bolster this information.

 

Overview of the city of Mountain View’s residential real estate market for houses:

See the whole Mountain View Real Estate Report online here.

Single family homes (mostly houses, but some duet homes) are regularly selling well above list price and in just over a week! These are signs of a red hot market! There are more homes Pending than there are active listings or sales, so inventory is moving swiftly and is picking up. Compare this to a year ago and you’ll see this market is hotter than that of 2019. While it’s sure to pick up in spring, Mountain View is already a hot and active seller’s market.

 

Trends At a Glance Feb 2020 Previous Month Year-over-Year
Median Price $2,040,000 (-6.0%) $2,170,000 $2,761,350 (-26.1%)
Average Price $2,224,500 (-1.5%) $2,257,760 $2,636,930 (-15.6%)
No. of Sales 18 (+125.0%) 8 (+200.0%)
Pending 22 (+15.8%) 19 11 (+100.0%)
Active 10 (-9.1%) 11 25 (-60.0%)
Sale vs. List Price 106.3% (+8.3%) 98.1% 101.9% (+4.3%)
Days on Market 10 (-77.4%) 45 13 (-18.2%)
Days of Inventory 16 (-62.3%) 41 113 (-86.2%)

 

and the month before:

 

Trends At a Glance Jan 2020 Previous Month Year-over-Year
Median Price $2,170,000 (+14.2%) $1,900,000 $2,168,500 (+0.1%)
Average Price $2,257,760 (+23.5%) $1,828,320 $2,266,170 (-0.4%)
No. of Sales (-27.3%) 11 (+33.3%)
Pending 19 (+58.3%) 12 (+375.0%)
Active 11 (+83.3%) 6 21 (-47.6%)
Sale vs. List Price 98.1% (-6.3%) 104.7% 102.3% (-4.1%)
Days on Market 45 (+112.7%) 21 26 (+71.8%)
Days of Inventory 41 (+152.1%) 16 105 (-60.7%)

Mountain View CA real estate market trends and data by neighborhood or district

My Real Estate Report, a separate page with more data, drills the numbers 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 to explore further!

Here are some of those direct links by neighborhood for Mountain View (heads up, if there are no sales there will be no data!):

 

Altos Research provides (to us subscribers) all kinds of tools. The chart below is one of them and it’s updated automatically each month (using list prices not sale prices). Check out the Altos Report for ALL of Mountain View at this link, or go there and then navigate to your desired zip code or other area as mentioned above.

 

Mountain View, CA Altos Real-Time Market Profile

 

This chart updates in real time, about once a week. According to the latest update (March 3rd), prices are relatively stable by square foot, days on market have dropped, and inventory is dwindling. It’s a strong seller’s market in Mountain View.

 

Altos Research Charts: Single Family homes by price quartile

 

Median List price graphed by quartiles:

Most areas are seeing a slight upward tick for pricing.

 

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

 

Average days on market for single family homes in Mountain View:

This chart’s lines are all over the place! Currently (updated March 1st), the lower-mid priced properties are selling fastest, roughly around 2.5 months. Entry-level are selling closer to 90 days, meanwhile the highest, luxury homes are taking around 140 days and rising.

 

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

 

Inventory of single family homes (showing in quartiles but these will always have the same pattern per quartile):

Inventory has been more stable the second half of the year, but as is usual there is a winter dip with inventory just beginning to level off.

 

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

 

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.

Mountain View Condo & Townhouse Real Estate Market

While not affordable per se, condo and townhome prices are more attainable than single family homes. These properties continue to sell at more than 102% of list price. Last October, they soared to 105.8% of list price! All indicators are warmer from last month, though prices are the only area that’s up from last year. Overall the market remains hot for condos and townhomes in Mountain View.

 

Trends At a Glance Feb 2020 Previous Month Year-over-Year
Median Price $1,230,000 (+29.2%) $952,000 $1,030,000 (+19.4%)
Average Price $1,265,640 (+26.4%) $1,001,340 $1,122,310 (+12.8%)
No. of Sales 11 (+10.0%) 10 13 (-15.4%)
Pending 20 (+33.3%) 15 27 (-25.9%)
Active 17 (+70.0%) 10 40 (-57.5%)
Sale vs. List Price 102.9% (+0.3%) 102.5% 106.7% (-3.6%)
Days on Market 25 (-47.9%) 49 15 (+68.0%)
Days of Inventory 43 (+44.2%) 30 83 (-47.9%)

 

and the month before:

 

Trends At a Glance Jan 2020 Previous Month Year-over-Year
Median Price $952,000 (-26.0%) $1,287,000 $905,000 (+5.2%)
Average Price $1,001,340 (-19.1%) $1,238,010 $883,635 (+13.3%)
No. of Sales 10 (-56.5%) 23 14 (-28.6%)
Pending 15 (0.0%) 15 14 (+7.1%)
Active 10 (+25.0%) 8 38 (-73.7%)
Sale vs. List Price 102.5% (+0.3%) 102.2% 100.6% (+1.9%)
Days on Market 49 (-36.2%) 77 41 (+20.7%)
Days of Inventory 30 (+187.5%) 10 81 (-63.2%)

Altos Research data for Mountain View:

 

Condos of Mountain View, CA Altos Real-Time Market Profile
The March 3rd update shows that condos in Mountain View are in a strong seller’s market. Inventory is stable, the days on market falling, and the market action index indicates things are heating up further. It’s still tough competition for buyers, though calmer than it was last summer.

Townhouse and condo market in Mountain View: Altos Research Charts

 

First – a longer view of the housing market in Mtn View:

 

Condo Median List Price for Mountain View, CA by Altos

 

Median list price more recently:

The mid-to-entry level markets are more affected by the market when it comes to prices. Luxury homes appear to hardly notice seasonal dips and peaks. As you can see on all of these lines, there’s a predictable price drop in winter.

 

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

 

Average days on market:

Again, the days on market for condos, like for houses, appear unruly and unpredictable. They’re all over the place! But most sectors are selling between around 1.5 – 2.5 months. Good to note is that while luxury homes always seem to take longer to sell, luxury condos and townhomes are on the quick side.

 

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

 

Inventory:

Listings were on the rise fairly steadily since the lowest point back in March 2019 with a massive plunge in December that’s continued to plunge. We may see the same trend this year where low inventory begins to rise again in March.

 

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

 

Mountain View zip codes include 94040, 94041, 94043 (related areas 94035, 94039, 94042 – post office and other non-housing areas)

Are you interested in buying or selling a home in Mountain View? I work with nice folks all over Santa Clara County and would welcome the opportunity to talk with you about possibly working together – no obligation, no pressure. (I truly dislike pushy people, probably as much as you do.)

Related Reading:

Cupertino Real Estate Market Trends and Statistics

Sunnyvale real estate market trends & statistics

Los Altos: Beautiful Silicon Valley Suburb

 

 

 

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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
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