Mountain ViewÂ has had a very strong recovery starting back in 2010 that accelerated in 2012-13.
Prices reached pre-crisis levels in 2012 and are now 12% higher that the pre-crisis peak in 2007, even after a slight fall-off in Q3. The supply of New Listings in 2013 are 12% lower than last year. The market is still very strong with homes selling within 13-18 days on average. The annual median price is on-track to rise by 15% over last year and end-up at 19% higher than the pre-crisis peak in 2007. More charts and information available atÂ www.SiliconValleyMLS.info/mountain-view-homes
Markets have "cooled-off" slightly from this spring. Â Homes are still selling in 1-2 weekends with multiple offers, just not as many offers. Â Now typically in the 4-8 offer range, rather than the 15-25 range we saw this spring. Does feel like this seller's market cycle is beginning to fade. Might be mostly seasonal in nature, however rising interest rates and national politics is having an impact.
Please share with your friends and let me know if you have any questions or comments. Happy to provide additional insight and information. Visit my website atÂ www.SiliconValleyMLS.infoÂ and "like" it if you do.