Mountain View, Ca. Market Update 01-09-09
As of this evening, here is the snapshot got the Mountain View condo/town home real estate market:
•58 Active Listings
•9 Pending Sales
0 Closed sales in the last week
What does mean? We are probably at the bottom of inventory for a while. The number of condos for sale should increase over the next few months, whether the market is good or bad. The thing to watch is will be, is the inventory of condos over 90 active listings, and how are the pending sales going? Even if the active sales stay under 70, if the pending sales do not go up to at least 3 active for every pending listings we will see some more price decreases. If we can get up to 3 to1 we won't see much change in prices. If we go to better than 3 to 1 we will see appreciation.
If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to www.marcymoyer.com and click on Cyberhome Home
Valuation. You can then type in any address and get the county records.
If you need anything else please feel free to contact me. I am here to help you.
Marcy Moyer Intero Real Estate
650-619-9285
www.marcymoyer.com
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