Monday, May 20, 2013

Mountain View Ca Real Estate Market Update 5/18/2013


There are currently 26 single family Mountain View homes for sale,  up from 23  last week.
There are currently 22 Mountain View town homes/condos for sale,  up from 15 last week.
There are currently 29 pending sales of Mountain View single family homes,  up from 27 last week.
There are currently 44 pending sales of Mountain View Town homes/Condos, down from from 49 last week.

In April, 2013 there were 18 single family Mountain View homes sold ranging in price from $705,000 to $1,900,000.  The volume was the same and the low end is about the same as Feb and March, but the high end is significantly higher..
In April, 2013  there were 32 Mountain View Town Homes/Condos sold ranging in price from $305,000 to $1,210,000. There were almost twice as many sales in April as in March, which is good, but the lowest price condo sold 10% over the lowest price in March.

The inventory is up a little in single family homes and a good increase in condos for sale, although still not a healthy level of either. I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week. I think as the summer goes on it may still be possible. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them. this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

If you have any questions about buying or selling a home in Mountain View please feel free to contact me.

Marcy Moyer
marcy@marcymoyer.com
D.R.E. 01191194
650-619-9285

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