Bay Area Mountain View Single Family Home Real Estate Market Update - May 2018

While it is hard to determine what is really happening in Mountain View, CA real estate market, here are a few things we always look at.

1. Sold vs list price:

As you can see, Mountain View Single Family Home in 2018 Spring season has been selling a lot more than the asking price, so far April has been the hottest month for Mountain view single family home, selling 20% over the asking price. May 2018 is still just partial data.

Same time previous year in 2017 Spring, Mountain view Single Family Home were selling barely 10% over the asking on average.

2. Days On Market

What's reflecting the average sold vs list ratio in Mountain View Single Family is the average days it takes to sell these homes, and let's how that is compared between this year and previous year

Not surprising, the average days on market in 2018 Spring is about half of in previous year spring.

3. Average sold price

Below shows the significant increase of home prices in Mountain View Single Family Home market . In year 2017 between Jan to May, if your budget is around $2M, there would still be plenty of selections there, now same time this year, the budget would have to be raised to $2.5M, showing a 20% year-to-year increase in home values in Mountain View, CA.

So how is the market now in Mountain View, CA?

Mountain View Single Family Market is remaining strong due to the lack of inventory and it's low interest rate. The trend is going to remain at such continuing into the next few quarters. Here are the current list of Single Family Homes in Mountain View, CA

If you have any questions about buying or selling a home in Mountain View, CA, please feel free to reach out to me.

Bojie He

eXp realty

Bojieteam@gmail.com

Area Specialist