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MOUNTAIN VIEW SINGLE-FAMILY HOMES

RECAP OF 1ST QUARTER 2022
• Average price over $3 million
• Average price up 18% just since last year
• Median price up 24%
• 93% sold over list price
• 87% sold in 9 days or less

PRICES
Once again, prices reached amazing record highs in the 1st quarter! Both the average and median exceeded $3 million for the first time. In my annual report to you at the beginning of this year, only 2 areas in Mountain View last year showed an average and median price of more than $3 million. As of the end of the 1st quarter, that is now the average and median price for the entire city.

An astounding number of homes sold over list price – 52 of the 56 sales, or 93%. Only 2 homes sold for less than list price and 5 homes sold for 40% or more above list price. Last year, 79% of the sales were over list price.

The high-end was very strong with 6 homes for more than $4 million, but no record highs were set. Only 4 homes sold for less than $2 million.

The price per square foot in the 1st quarter was $1,734 – a 17% increase from just last year when it was $1,486.

NUMBER OF SALES
There were just 56 sales of single-family homes reported through the Multiple Listing Service in the 1st quarter. This compares to 83 sales in the 4th quarter and 92 in the 3rd quarter. The decline in sales is directly related to the few number of homes available for sale and definitely not because of low demand.

In addition to the 56 single-family home sales, there were a significant 73 condo/townhome sales. If you would like further details on condo/townhome sales this year, which are not included in this report, I would be happy to provide you my separate report on them or you can download a copy at davidtroyer.com/MVreport.

LENGTH OF TIME TO SELL
With demand like we saw in the 1st quarter, it’s no surprise that homes sold very quickly. Only 10 homes took longer than 9 days to sell. 87% of the homes sold in 9 days or less.

Rollover or click map to see more information for each area.

whisman sylvandale northshoreline rengstorff thompson sanantonio downtown grant miramonte

Rollover or click map to see more information for each area.

2022 Q1 REPORT - SINGLE-FAMILY HOMES

Mountain View Condos/Townhomes

RECAP OF 1ST QUARTER 2022
• Average price over $1.3 million
• Average price up 10% just since last year
• Median price up 11%
• 70% sold over list price
• 66% sold in 9 days or less

NUMBER OF SALES
There were 73 sales of condos/townhomes reported through the Multiple Listing Service in the 1st quarter. This compares to 106 sales in the 4th quarter and 113 in the 3rd quarter. The low number of sales is due to the few number available for sale.

In addition to the 73 condo/townhome sales, there were 56 single-family home sales. If you would like further details on the single-family homes sales this year in Mountain View, which are not included in this report, I would be happy to provide you my separate report on them or you can download a copy at davidtroyer.com/MVreport.

PRICES
Prices reached record highs in the 1st quarter, exceeding the previous record high set in 2018. The median price, at $1,420,000, was 11% higher than it was last year and 9% higher than the record in 2018. The average price also reached a record high at $1,380,030, a 10% increase since last year.

47% of the homes sold were for more than $1.5 million, including 3 homes that sold for more than $2 million. Only 20 of the 73 sales were for less than $1 million.

The price per square foot in the 1st quarter was $1,041 – an increase of 11% since last year. The previous high was in 2018 at $1,027 per square foot.

A significant 70% of the homes sold for more than list price. Last year, 57% sold over list price. Another 21% in the 1st quarter sold at list price and only 9% sold for less than list price.

LENGTH OF TIME TO SELL
With demand like we saw in the 1st quarter, it’s no surprise that homes sold very quickly. Only 25 homes took longer than 9 days to sell. 66% of the homes sold in 9 days or less.

Rollover or click map to see more information for each area.

whisman sylvandale northshoreline rengstorff thompson sanantonio downtown grant miramonte

Rollover or click map to see more information for each area.

2022 Q1 REPORT - CONDO/TOWNHOMES

  • 200 WHISMAN

    This area had the second highest number of sales in the 1st quarter, although significantly less than in the same quarter last year when there were 22 sales. There were 16 sales, and all but 4 were for more than list price. A new record high was reached at $1.96 million but there were also 5 homes that sold for less than $1 million. The average price exceeded $1.4 million for the first time, as did the median price. The average price was 14% higher than it was just last year. All but 4 of the homes sold in 9 days or less

  • 201 SYLVAN DALE

    There were only 2 sales in this desirable neighborhood, each way over list price. The highest price, at $1,725,000, was close to the record-high set last year of $1,750,000. Both homes sold very quickly. The average price at the end of the 1st quarter was $1,637,500 – a dramatic 29% higher than last year.

  • 203 NORTH SHORELINE

    There were just 10 sales in this area, half of which were for less than $1 million, which contributed to the average and median prices staying at just about the same levels as last year. Of the 10 sales, all but one sold for far more than list price and the other one sold at list price. The highest priced sale at $1.66 million sold for 11% over list. Two homes took longer than 3 weeks to sell; the rest all sold in 8 days or less.

  • 204 RENGSTORFF

    This in-demand area had the highest number of sales in any area of Mountain View. There were 23 sales, more than half of which were new construction, which caused the average price in this area to increase 8% compared to last year. Of the 11 sales that were resales, 10 sold over list price and 1 sold for list price. The resale homes also sold very quickly compared to the new construction.

  • 205 THOMPSON

    This area has just a few townhome complexes and there were no sales here in the 1st quarter.

  • 206 SAN ANTONIO

    This area had just 13 sales in the 1st quarter compared to 26 in the 4th quarter and 20 in the 3rd quarter. All but 3 of the homes, or 77%, sold for more than list price; last year, only 45% of the homes in this area sold over list price. 2 homes sold for more than $1.8 million and 6 homes sold for less than $1 million. The average price was up 8% since last year.

  • 207 DOWNTOWN

    There were just 5 sales in this desirable area in the 1st quarter, 3 of which sold for more than list price. The average price, at $1,313,000, was down 11% – the only area in Mountain View to experience a decline in the 1st quarter.

  • 208 GRANT/WAVERLY PARK

    There was just 1 townhome that sold in the 1st quarter, the same number that sold in all of last year. This 4-bedroom, 3-bath home sold for $1,860,000, 10% over list price and in just 6 days. This brought the average price in this area up 8% compared to last year.

  • 209 MIRAMONTE

    Sales were few in this area. There were just 3 sales compared to 6 in the 4th quarter and 9 in the 3rd quarter. Two of the homes sold for more than list price and in just 8 days, including the most expensive sale at $1.8 million. The average price, at $1,467,996, was up 7% compared to last year.