January 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 have been relatively flat since 2018. The annual median price for Mountain View condos has averaged 6.8% per year since (CAGR) over the past 25 years.
Market demand for Mountain View condos remains 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) declined significantly from 2021 spike and are currently 18% below 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 shows the prices have stabilized over the past five years.
The Monthly Median Prices for Mountain View Condos flattened out staring in 2018.
The average Monthly Days on Market is relatively consistent with the past 5 years. The spikes are typically in Dec-Jan during the slowest time of the year.
Final Sales vs. List Price percentage are running less than 5% over list. Note the spikes during the “hot” 2015 and 2018 markets.
Condos selling during the first two weeks on market typically sell for up to 10% over list, while homes on the market typically sell for 3-5% under list.
The Supply of New Listings for condos in Mountain View is significantly lower in 2023. Note the seasonality with December typically being the low-point during the year.
The Inventory of Active listings is lower than 2018-22, but higher than 2012-17.
The number of Sales is also lower than prior years.
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.