Mountain View Home Values & Market Update
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Updated April 23, 2018

Market Snapshot – Mountain View (Recent Sales here)

Holy cow! Median home prices in Mountain View are up 40% since last year! Though many Bay Area cities have seen strong growth this year, this is among the highest on the Peninsula. It marked the sixth straight year for higher sales prices for both single family homes and condo/townhomes.

The current Bay Area real estate market hinges on an extremely low supply of homes. This low inventory, combined with strong demand among home buyers, is largely responsible for the continued appreciation across most price points and markets. According to Trulia’s Chief Economist Ralph McLaughlin, this isn’t a bubble as we’ve seen in previous up cycles, but the result of basic economic forces of (lack of) supply and (strong) demand. Multiple forces are keeping home inventory low. There aren’t enough new homes being built to meet increasing demand. Additionally, current California property tax code provides a strong financial incentive for long-term homeowners to stay in their existing homes. McLaughlin also notes that the new congressional tax plan with its lower cap on the mortgage interest deduction may act to further limit supply. Under the new law, the cap on the mortgage interest deduction is reduced from $1 million to $750,000. Existing homeowners are grandfathered in at the $1 million level, giving them even more incentive to stay put.

Finally, the Fed raised interest rates in March, which will likely impact mortgage rates. Higher mortgage rates reduce buying power. Between reduced buying power and increasing prices, time is not on the side of buyers right now. Those who are ‘waiting it out’ may be waiting a long time.

Here are the numbers for March 2018. If you are curious about your Mountain View home value, you can receive a free online estimate, or request a custom evaluation which we are happy to give to you, free, without the hard sales pitch.

 

Mar-18 % Change Year Over Year Rolling 3 Month Average
Median Sales Price ($USD) $2,530,000 40.5%
Overbids (%) 113.80% 8.8%
New Listings (#) 26 0.00%
Homes Sold (#) 22 -4.26%
Months of Inventory 0.3 -45.45%
Median Days on Market (DOM) 9 -20.00%
Average Days on Market (DOM) 9 -58.82%

 

Median Sales Price – Mountain View SFR

 

Ratio of List Price to Sold Price (Overbids) – Mountain View SFR

Number of New Listings vs Sold Listings – Mountain View SFR

Months of Inventory – Mountain View SFR

 

Median and Average Days on Market (DOM) – Mountain View SFR

Mountain View Closed Sales since 1/1/2018

Street Address Close Date Price/SqFt Sale Price RATIO Close Price By List Price DOM Beds Total Bths Sq Ft Total Lot Size
1209 Awalt Drive 4/10/18 1,388.07 $2,908,000 1.214 9 4 2|1 2,095 8,392 Lot SqFt
143 Azalea Drive 3/19/18 1,160.52 $2,140,000 1.197 10 3 3|1 1,844 1,443 Lot SqFt
1184 Barbara Avenue 2/16/18 1,432.06 $3,225,000 1.296 9 4 3|0 2,252 8,465 Lot SqFt
661 Barbara Avenue 4/3/18 1,573.47 $2,420,000 1.152 0 4 2|0 1,538 6,304 Lot SqFt
964 Bonita Avenue 3/8/18 1,038.48 $2,510,000 1.195 0 3 3|1 2,417 4,920 Lot SqFt
1123 Boranda Avenue 2/28/18 910.42 $2,988,000 1 54 3 3|1 3,282 4,593 Lot SqFt
3385 Brower Avenue 3/21/18 769.06 $3,450,000 0.99 9 5 4|0 4,486 14,680 Lot SqFt
1107 Castro Street 3/28/18 1,436.98 $2,440,000 1.286 7 3 2|0 1,698 5,723 Lot SqFt
1614 Columbia Drive 3/19/18 2,031.41 $2,781,000 1.468 6 3 2|0 1,369 7,821 Lot SqFt
1172 Farley Street 4/10/18 2,508.55 $2,200,000 1.1 16 3 1|0 877 9,478 Lot SqFt
1541 Fordham Way 4/18/18 1,333.33 $2,740,000 1.406 8 4 2|0 2,055 8,419 Lot SqFt
1855 Fordham Way 1/5/18 1,490.91 $3,280,000 1.132 7 3 2|1 2,200 8,953 Lot SqFt
705 Independence Avenue 3/9/18 1,071.16 $2,288,000 1.046 2 4 3|0 2,136 4,415 Lot SqFt
711 Independence Avenue 2/26/18 1,023.44 $2,270,000 1.037 6 4 3|0 2,218 4,015 Lot SqFt
819 Leong Drive 3/14/18 1,176.16 $1,322,000 1.017 14 3 1|0 1,124 7,133 Lot SqFt
385 Lily Court 2/22/18 1,085.71 $1,938,000 1 12 3 2|1 1,785 3,373 Lot SqFt
386 Lily Court 3/6/18 1,118.70 $1,998,000 1 13 3 2|1 1,786 3,250 Lot SqFt
1917 Limetree Lane 4/18/18 1,715.12 $2,950,000 1.135 13 3 2|0 1,720 8,726 Lot SqFt
1112 Lincoln Drive 3/26/18 1,424.17 $3,465,000 1.216 10 4 2|1 2,433 8,357 Lot SqFt
869 Linda Vista Avenue 3/23/18 895 $2,685,000 0.959 37 5 3|0 3,000 8,498 Lot SqFt
879 Linda Vista Avenue 2/5/18 1,354.17 $1,462,500 1.135 2 3 2|0 1,080 6,662 Lot SqFt
2521 Mardell Way 2/9/18 1,287.78 $2,488,000 1.039 25 4 3|0 1,932 5,000 Lot SqFt
918 Marilyn Drive 2/14/18 1,503.76 $2,400,000 1.092 8 3 2|0 1,596 10,080 Lot SqFt
182 Melia Loop 3/26/18 1,152.95 $2,088,000 1 11 3 2|1 1,811 3,120 Lot SqFt
186 Melia Loop 3/20/18 1,164.00 $2,108,000 1 2 3 2|1 1,811 3,401 Lot SqFt
286 Monroe Drive 3/22/18 1,536.94 $2,725,000 1.299 8 3 2|1 1,773 3,635 Lot SqFt
302 Monroe Drive 1/16/18 928.36 $2,825,000 1.087 8 5 4|1 3,043 11,039 Lot SqFt
203 Mountain View Avenue 1/16/18 1,216.31 $1,850,000 1.028 12 3 2|1 1,521 3,744 Lot SqFt
86 Murlagan Avenue 2/22/18 1,259.09 $2,425,000 1.428 8 4 3|0 1,926 5,465 Lot SqFt
400 Nicholas Drive 1/3/18 1,215.28 $2,100,000 1.236 6 3 2|1 1,728 3,036 Lot SqFt
403 Nicholas Drive 4/9/18 1,028.57 $1,980,000 1.101 0 4 2|1 1,925 3,061 Lot SqFt
1372 Nilda Avenue 3/15/18 1,551.09 $2,702,000 1.352 10 3 2|0 1,742 6,219 Lot SqFt
348 Nita Avenue 3/22/18 1,929.82 $2,200,000 1.101 7 3 2|0 1,140 5,400 Lot SqFt
114 Oak Haven Place 2/14/18 1,201.35 $2,500,000 1.191 9 4 2|1 2,081 5,289 Lot SqFt
751 Palo Alto Avenue 2/7/18 1,824.82 $1,750,000 1.348 6 2 1|0 959 5,000 Lot SqFt
718 Rustic Lane 2/25/18 880 $2,750,000 1.019 0 6 4|1 3,125 8,000 Lot SqFt
777 Rustic Lane 3/23/18 1,261.97 $2,900,000 1.16 9 4 2|1 2,298 10,552 Lot SqFt
791 San Carlos Avenue 2/5/18 1,310.30 $1,820,000 1 4 2|0 1,389 6,630 Lot SqFt
879 San Rafael Avenue 2/9/18 1,124.37 $1,772,000 1.183 0 4 2|0 1,576 6,729 Lot SqFt
208 Shumway Lane 3/2/18 1,290.49 $2,550,000 1.221 7 4 2|1 1,976 3,017 Lot SqFt
1221 Springer Road 3/29/18 1,448.65 $2,680,000 1.219 10 4 3|0 1,850 7,212 Lot SqFt
2191 Stanford Avenue 3/23/18 3,035.71 $1,700,000 1 4 2 1|0 560 5,565 Lot SqFt
2191 Stanford Ave 3/22/18 3,035.71 $1,700,000 1 2 1|0 560 6,801 Lot SqFt
109 Stratford Court 3/7/18 1,155.01 $3,435,000 1.187 9 5 3|0 2,974 8,700 Lot SqFt
2541 Sun Mor Avenue 3/13/18 1,301.64 $2,930,000 1.128 7 5 2|1 2,251 8,153 Lot SqFt
1662 Tulane Drive 2/16/18 1,782.68 $2,100,000 1.175 3 3 1|1 1,178 5,936 Lot SqFt
1859 Van Buren Circle 2/28/18 1,350.60 $3,286,000 1.174 7 4 2|1 2,433 9,095 Lot SqFt
330 Velarde Street 2/9/18 2,194.64 $2,210,000 1.302 5 2 1|0 1,007 5,903 Lot SqFt
435 Victory Avenue 2/6/18 1,632.46 $1,861,000 1.241 7 3 2|0 1,140 5,427 Lot SqFt
1874 Villa Street 2/1/18 1,086.68 $2,520,000 1.4 6 7 2|5 2,319 11,250 Lot SqFt
223 Vincent Drive 4/3/18 1,791.02 $2,751,000 1.223 7 3 2|1 1,536 5,288 Lot SqFt
810 Wake Forest Drive 4/11/18 1,612.90 $2,000,000 1.251 8 3 2|0 1,240 5,479 Lot SqFt
878 Windmill Park Lane 1/5/18 1,060.07 $2,400,000 1.2 12 4 3|0 2,264 5,567 Lot SqFt