There are currently 16 single familyÂ Mountain View homes for sale, Â the same asÂ last week.
There are currently 15Â Mountain View town homes/condos for sale, Â the same as last week.
There are currently 37 pendingÂ sales of Mountain View single family homes, Â up from 31Â last week.
There are currently 30 pendingÂ sales of Mountain View Town homes/Condos, up from 29Â last week.
In July, 2013 there were 27Â single family Mountain View homes soldÂ ranging in price from $850,000 to $2,098,000. This does not include sales in the new development in Waverley Park. The lowest price sale is up almost 100K from June.
In June, 2013 Â there were 31Â Mountain View Town Homes/CondosÂ sold ranging in price from $340,000 to $980,000. These numbers are lower than June. Are we starting to level off in appreciation? I think so.Â
The inventory is the same as lastÂ week in single family home listings as well as condos. Pending sales are up which shows a still very strong demand for homes in Mountain View. Â 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. Â August is always a slow month for listings so I don't expect to see another jump until Sept at the earliest, but the structural problem of not enough single family homes is not going to be solved this. 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 toÂ search for homes for saleÂ please feel free to visit my website for a custom search.
If you have any questions aboutÂ buying or selling a home inÂ Mountain ViewÂ please feel free to contact me.