With October ending on Halloween, was the real estate activity a trick or a treat in Mountain View, CA?
31 Single family homes came on the market in October 2010, the highest priced home was 1.699M and the lowest priced home was 435K, 12 homes were listed over a 1 M, 16 homes or 50% of the inventory was between 1M and 500K and 3 homes were listed under 500K. 2 homes listed were bank owned. Of the 31 homes that came on the market in October 2010, 18 homes are still currently available.
The current inventory in Mountain View, CA is 54 homes. The price range for these homes is 1.86M at the high end and 435K at the low end. 2 homes are short sales and 2 homes are bank owned. 34 are listed above 1 M and 20 are listed below 1 M.
29 homes were scheduled to close escrow in October 2010 and 26 homes completed escrow. The price Range was 1.95M on the high end and 315K on the low end. The average list price was $1,019,531 and the average sale price was $1,001,080. So on average, houses were selling at or slightly below asking price.
27 homes went under contract in October 2010 in Mountain View CA, with a price range of 1.699M at the high end and 515K at the low end. 4 Short Sales went under contract in October, 2010.
14 homes were taken off the market in October, the listing contract expired, was cancelled or the property was withdrawn.
So if you are a buyer, is Mountain View real estate a trick or a treat? What if you are a seller, is Mountain View real estate a trick or a treat?
I would love to hear your thoughts!
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