Mountain View Real Estate Market Update – May 2010
According to MLS Listings Inc. data there currently are 94 single family homes for sale in Mountain View. 52 homes are active listings, the remaining 42 homes are under contract. 5 homes priced above 1.5 million received an offer and are under contract. The highest property under contract had a list price of just slightly above 2.0 million.
33 single family homes closed escrow in Mountain View in the month of May. Note: On average, we see 40 homes close escrow in the month of May. 5 homes closed escrow above 1.5 million, with the highest selling at 2,475,000 million. Interesting fact about this property; a developer originally bought the property and partially built out four homes before having financial problems. These homes sat partially constructed and exposed to the elements for a significant time. The new buyer will no doubt finish the construction and sell the homes.
33 single family homes closed escrow in Mountain View in the month of May. Note: 33 homes sold is the 12 year average of single family homes sold in Mountain View in the month of May.
Lastly, at least 12 properties had multiple offers and sold at or above their asking price. The highest over bid came in at 9.2% above the asking price.
Click Mountain View Real Estate Market Update – May 2010 for a detailed 24-month history of single family home sales activity in Mountain View. Note: all data was taken from our local MLS and is deemed accurate but not guaranteed.
For a more detailed look at the Miramonte or Grant neighborhoods of Mountain View, click on the below links:
Real Estate Market Update for the Miramonte Neighborhoods of Mountain View – May 2010
Real Estate Market Update for the Waverly Park Area of Mountain View – May 2010
Should you have any questions about your home and/or it’s value relative to our current market, please contact me directly at 650 917-4250.
