December 2024
Mountain View Condos and Townhomes are in very high demand due proximity to Google and its vibrant downtown area on Castro Street. Note that the information below is the total of both Condos and Townhomes. Click on link to view additional information on the Mountain View Community and Schools.
Median price for Mountain View condos and townhomes declined slightly by 1.1% during 2024. The annual median price for Mountain View condos has averaged 6.8% per year (CAGR) since 1998.
Market demand for Mountain View condos remains relatively strong. Days on market continue at historic lows. The final sales price percentage is slightly above at-list levels.
The supply of New Listings (blue line) has rebounded to 2012-19 levels
Mountain View Condos start at $500K. The chart above shows the distribution of prices by number of bedrooms.
The $/SQFT varies significantly. The scatter chart above shows how the actual $/SQFT varies by size.
The quarterly median price provides insight into the annual averages.
The Monthly Median Prices for Mountain View Condos flattened out staring in 2018.
The spikes are typically in Dec-Jan during the slowest time of the year.
Note the spikes during the “hot” 2015 and 2018 markets.
Condos selling during the first two weeks on market typically sell for over the annual average.
Note the seasonality with December typically being the low-point during the year.
The Inventory of Active listings is also seasonal.
The number of Sales is also seasonal.
Source: The data above is obtained directly from MLSlistings, the multiple listing service (MLS) serving Santa Clara and San Mateo counties. The information is deemed to be accurate, however is not guaranteed.