Market trend in Mountain View - price / square foot

By
Real Estate Agent with Coldwell Banker
Market trends -  Mountain View:
Following some of my last blogs on average prices in Mountain View and Los Altos, someone asked me to show the evolution of $ price per square foot. So, how is "Google's" City doing in that respect?  Drawing of City Hall by Francis


  As always with figures and statistics one has to take the information with a grain of salt, or a good dose of caution. The figures can be deceiving.
The price per square foot is a good measure of the activity, as part of a combination of measures. It is shown below for the market of condominiums and townhouses, for the past 3 years; it is showing a lower value as we go into 2011:





...and for the house market, it shows a very healthy trend:


But this is one element of a big picture. In this case it is good to remember that as a property is larger, the price per square foot is lower. So the figures may also partly reflect a difference in average size of the properties sold.

Curious about another City? Do let me know at francis@frolland.com

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A link of interest: recycling event in Los Altos next week.

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