Mountain View Community - downtown

May 2023

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 are improving, however prices have been relatively flat since 2018. The annual median price for Mountain View condos has averaged 7.4% per year since 1998 (CAGR).

Market demand for Mountain View condos remains strong. Days on market continue at historic lows and final sales price is near historic highs. The final sales price percentage has reduced to near at-list levels.

The supply of New Listings (blue line) returned to previous levels in 2022 after a spike in 2021.

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 the prices have stabilized over the past five years.

The Monthly Median Prices for Mountain View Condos have returned to the 5-year levels.

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 have returned to near at-list levels. This indicator of demand did drop significantly in June suggesting a reduction in multiple offers.. 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 appears to be significantly lower in 2023. Note the seasonality with December typically being the low-point during the year.

The Inventory of Active listings remains low.

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.