There are currently 21 single family Mountain View homes for sale, up from 23 last week.
There are currently 12 Mountain View town homes/condos for sale, the same as last week.
There are currently 35 pending sales of Mountain View single family homes, up from 31 last week.
There are currently 37 pending sales of Mountain View Town homes/Condos, down from from 36 last week.
In May, 2013 there were 20 single family Mountain View homes sold ranging in price from $765,000 to $1,510,000. The volume was the same and the low end is about the same as Feb and March, but the high end is not as high as in April.
In May, 2013 there were 38 Mountain View Town Homes/Condos sold ranging in price from $357,000 to $1,350,000. The
low end was very similar to April, the volume up a little, and the high end up by $100,000.
The inventory is down this week in single family home listings and unchanged from last week in condos. I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers. I think as the summer goes on it may still be possible to get a healthier number on the market, but the structural problem of not enough single family homes is not going to be solved this summer. 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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