Mountain View Community - downtown

December 2021

Mountain View Condos and Townhomes are in very high demand due proximity to Google and its fantastic downtown area on Castro. 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 condo/townhomes rose 6% in 2021 and recovered to their previous peak in 2018. A significant difference from single family homes. The annual median price for Mountain View condos has averaged 7.4% per year since 1998 (CAGR).

Market demand for Mountain View condos is about the same as last year. The average Days on Market (red line) is slightly higher than last year and previous years. The average annual Sales vs. List Price (blue line) declined to near parity with list.

The supply of New Listings (blue line) jumped in 2021, but is still near historic lows. The number of Sales (red line) dropped significantly, especially compared to other cities.

Mountain View Condos start at $600K. The chart above shows the distribution of prices by number of bedrooms for Condos sold in 2021.

The $/SQFT varies significantly. The scatter chart above shows how the actual $/SQFT varies by size.

The quarterly median price shows that Mountain View Condos prices leveled-off starting in 2018 after six years of very strong appreciation.

The Monthly Median Prices for Mountain View Condos provides more insight into the ebb and flow of the market. Keep in mind that the fluctuation may be due to a change in the mix of condos selling in a particular month, not necessarily changes in home values.

The average Monthly Days on Market is noticeable longer than recent years. The spikes are typically in Dec-Jan during the slowest time of the year.

The monthly Sales vs. List Price percentage has declined significantly in mid-2018. The monthly average is now under 5% compared to 15-20% in the first half of 2018. This reflects fewer competing offers driving up the final sales price.

Final sales price vs. list price varies significantly by number of days on market. Homes selling during the first two weeks on market typically sell for over list, while homes on the market typically sell for under list.

The Supply of New Listings for condos in Mountain View is significantly higher in 2021. Note the seasonality with December typically being the low-point during the year.

The Inventory of Active listings are trending down from 2020, but still high compared to previous years.

The number of Sales has increased significantly in 2021.

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.