Mountain View Community - downtown

December 2021

Mountain View, home to Google, is a very desirable community with top schools, convenient access to freeways and CalTrain and a fun downtown area on Castro Street. Click here for more information about Mountain View community and its schools.

Median price jumped 12% to exceed the previous high of 2018. Yet the current median price is consistent with the 10-year trend. The annual increase in the median price for Mountain View homes has averaged 7.2% per year since 1998 (CAGR).

Market demand for Mountain View homes remains strong. Average days on market continues at historically short times. Final sales prices have jumped this year reflecting an increase in competitive offers. Note that homes selling within the first week or two on market are selling for up to 15% over list.

The supply of new listings jumped significantly in 2020. while the number of actual closed sales remains consistent with prior years. This chart is updated at year-end.

Mountain View homes start at $1.5M. The above chart shows the distribution single family residences by price range and number of bedrooms. 

The $/SQFT for Mountain View homes varies widely. The above chart shows both the distribution of home sizes and how the $ per SQFT varies.  Each dot represents one closed sale during 2021.

The quarterly median price jumped in Apr-June to previouly high level and remained there during Q3..

The monthly view shows that the jump started in February, which is effectively January given a one-month delay in reporting the final sales price. This monthly view of median prices for Mountain View homes provides more detail, however fluctuations may reflect smaller number of sales due to seasonal cycles: holidays, school, summer vacations.

The monthly average days on market returned to historic lows starting in April.

The monthly average sales price over/under list price percentage jumped in April, again reflecting sales from the month prior: March.

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 monthly supply of new listings for homes in Mountain View is higher than previous years.  Note the seasonality with December typically being the low-point during the year. The “high-season” for new listings is typically Feb-Apr.

The inventory of Active listings are at relatively high levels compared tp 2013-15 levels.

The number of Sales is increasing slightly.

Sources: 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.