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 (+133.7%)
Days of Inventory 26 (-58.1%) 62 17 (+53.8%)

 

 

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, with direct links (if there are no sales, there will be no data!):

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.

Altos Research Charts:
Single Family homes by price quartile

Median List price

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

Average days on market for single family homes in Mountain View

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

Townhouse and condo market in Mountain View:
Altos Research Charts

Median list price:

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

Average days on market:

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

Inventory

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

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

 

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


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