Sunday, March 29, 2009

Mountain View Market Update, March 29th: Condo/Town Homes

Mountain View Condo/Townhome Home Market Update 03-29-09

As of today this is the snapshot of the Mountain View condo/town home market:

83 Active listings

27 Pending sales

10 Closed sales this month

What does this mean? There hasn't been an increase in inventory this month, with 83 active listings instead of numbers around the high 60’s. The ratio of pending sales to active listings is holding at about 2.5 to 1. There are 37 listings under $500,000 and 21 pending sales in this price range and only 6 pending sales over 550K--the highest is $629K at the new development Gables End. This is pretty consistent throughout the Bay Area with most of sales happening under 550K.

If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to www.marcymoyer.com and click on Cyberhome Home Valuation. You can then type in any address next to the search icon and get the county records.

If you need anything else please feel free to contact me. I am here to help you.

Marcy Moyer Intero Real Estate

marcy@marcymoyer.com

650-619-9285

www.marcymoyer.com

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