Monday, January 26, 2009

Mountain View Market Update, Jan 25th: Condos

Here's your daily snapshot of Mountain View's condo market:

62 active listings
28 pending sales
2 closed sales in last week

What does this mean? Well, there's been another big jump this week in pending sales. Last week there were 61 active sales, and 19 pending sales. The active sales only increased by 1, but the pending sales went up by 9. Not only that, but we're very close to the 1-2 ratio of active to pending sales that I think will stop the bleeding of home sale price decreases. If this continues, it may portend an increase in sales, at least in the lower end. However, this is only 2 weeks, so it's still too early to detect a trend.

If you're interested in finding the final selling price of any home, anywhere, you can do it on my website. Click here to get to my site. Once there click on Cyberhome Home Valuation. You can then type in any address to get the county records.

If you have any other needs, please contact me. I am here to help!

Marcy Moyer, Intero Real Estate
marcy@marcymoyer.com
650-619-9285

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