SOLD - Mountain View, CA, continues it's hot streak

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Real Estate Agent with Today | Sotheby's International Realty CA BRE# 01215160

As many of us know, the real estate market in the Silicon Valley is hot, and continues to be so. 

The charts below illustrate what we've been seeing in the last 12 months in the condo and townhouse market in Mountain View.

Mountain View stats-condos & townhouses

 

Months of inventory for the last 3+ years has been low, and continues its downward trend.

  

stats-Mountain View condos & townhouses-inventory

 

Mountain View condos and townhouses sell quickly and well, and proper pricing, preparation, marketing, and knowing how to reach your target buyer demographic can produce stellar results.

While the average sale price to list price ratio was 101.7%, my recent seller received 107.8%. Is that result typical? As the statistics show, no.  Is it possible? Yes. 

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Topic:
Real Estate Market Trends
Location:
California Santa Clara County Mountain View
Groups:
Sotheby's International Realty
Local Expert
San Francisco Bay Area Real Estate
Market Reports
Condo Benefits
Tags:
market report
mountain view
silicon valley ca

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Rainmaker
1,700,117
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That indeed is a very hot market and if people are willing to pay more than asking price, I doubt the sellers mind at all, haha.

Jun 25, 2017 07:57 AM #1
Ambassador
3,335,833
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Lottie

Buyers really need to understand how competitive your market is, and to work with someone like yourself who can help them navigate through the process. Our inventory is like yours but our average SP/LP ratio is not quite as high, typically more like 98 or 99% with 20-40% of the homes typically selling at and above asking.

Jeff

Jun 25, 2017 08:17 AM #2
Rainmaker
167,749
Abby Stiller
Premier Realty Homes of SWFL - Cape Coral, FL
Real Estate Agent Serving Southwest Florida

Good morning Lottie Kendall Thanks for sharing your local real estate market

Jun 25, 2017 08:47 AM #3
Rainmaker
1,880,407
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

When sellers make 7% more on their properties, it's as though they are not paying any closings costs or any commissions to sell; it's a free sale. Kudos to you, Lottie, for selling that home for so much more than market value. That's what full-service agents do.

I also see a market in Mountain View that looks pretty good to me, from my agent eyes. Slightly over list price is not a terrible market to buy in. Buyers have a few weeks to buy a home instead of hours.

Jun 25, 2017 09:14 AM #4
Rainmaker
1,350,107
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Lottie - buyers and seller can argue to the facts.  They will need to to navigate toward their goal.

Jun 25, 2017 09:14 AM #5
Rainmaker
3,191,760
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lottie, your market is HOT, and buyers and sellers would be wise to contact you for your expertise! 

Jun 30, 2017 08:47 AM #6
Rainmaker
3,200,135
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Lottie

Look at number for Mountain View Califorina . . . . the real estate market is red hot.

Good luck and success.

Lou Ludiwg

Jul 02, 2017 06:52 PM #7
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Rainmaker
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Lottie Kendall

Serving San Mateo County and San Francisco
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