There are currently 15 single family Mountain View homes for sale, down from 20 last week.
There are currently 19 Mountain View town homes/condos for sale, up from 17 last week.
There are currently 28 pending sales of Mountain View single family homes, up from 24 last week.
There are currently 34 pending sales of Mountain View Town homes/Condos, up from from 31 last week.
In June, 2013 there were 31 single family Mountain View homes sold ranging in price from $765,000 to $1,510,000. The volume was up 30% from May. The prices ranged from $770,000 to $2,498,000. this does not include sales in the new development in Waverley Park.
In June, 2013 there were 35 Mountain View Town Homes/Condos sold ranging in price from $351,000 to $1,215,000. These numbers are very similar to May. Are we starting to level off in appreciation? I think so.
The inventory is down this week in single family home listings and up in condos. I would like to see at least 40 single family homes for sale and at least 60 condos for sale at any given week, but that is not happening. One problem with so few single family homes for sale is that there are not as many single family homes in Mountain View as there are condos. With few homes and more buyers it is a difficult market for buyers. I think as the summer goes on it may still be possible to get a healthier number on the market, but the structural problem of not enough single family homes is not going to be solved this summer. In some communities such as Palo Alto and Menlo Park there are many empty nestors who would be selling, but do not because their grown children come back to live with them; this is not the case for a Mountain View condo. Many condo owners who would have sold to move up were not able to when prices were below their original purchase price. Appreciation has wiped out that problem so hopefully we see more condo sellers soon.
If you would like to search for homes for sale please feel free to visit my website for a custom search.
If you have any questions about buying or selling a home in Mountain View please feel free to contact me.