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MOUNTAIN VIEW SINGLE-FAMILY HOMES

RECAP OF 1ST HALF 2022
• Average price over $2.8 million
• Average price up 11% since last year
• Median price up 12%
• 87% sold over list price
• 81% sold in 2 weeks or less

PRICES
Once again, prices reached record highs in the 1st half. Average and median exceeded $3 million for the first time in the 1st quarter but then pulled back ending the 1st half at an average of $2,865,937 and a median of $2,750,000. Two areas in Mountain View, Grant/Waverly Park and Miramonte with Los Altos Schools, each had average and median prices well above $3 million.

A high number of homes sold over list price – 118 of the 135 sales, or 87%. Only 14 homes sold for less than list price and 21 homes sold for more than 30% above list price. Last year, 79% of the sales were over list price.

The high-end was very strong with 14 homes for more than $4 million; the second-highest price on record, at $5.4 million, was reached in May. There were 21 homes that sold between $1 million and $2 million.

The price per square foot in the 1st half was $1,674 – a 13% increase from just last year when it was $1,486.

NUMBER OF SALES
There were 135 single-family homes sold through the Multiple Listing Service, 79 in the 2nd quarter and 56 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 135 single-family home sales, there were a significant 163 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 half, it’s no surprise that homes sold very quickly. Only 24 homes took longer than 2 weeks 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 HALF YEAR REPORT - SINGLE-FAMILY HOMES

Mountain View Condos/Townhomes

RECAP OF 1ST HALF 2022
• Average price over $1.34 million
• Record median price of $1.36 million
• 77% sold over list price
• 72% sold in less than 2 weeks

NUMBER OF SALES
There were 163 sales of condos/townhomes reported through the Multiple Listing Service compared to 225 in the same period last year. There were 73 sales in the 1st quarter and then 90 sales in the 2nd quarter. The fewer number of sales is due to the fewer number available for sale.

In addition to the 163 condo/townhome sales, there were 135 single-family home sales. If you would like further details on the single-family homes sold 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 half, exceeding the previous record high set in 2018. The median price at $1,360,000 was 6% higher than it was last year and 5% higher than the record in 2018. The average price also reached a record high at $1,342,884, a 7% increase since last year.

There were 68 homes that sold for more than $1.5 million, including 9 homes that sold for $2 million or more. On the opposite end, there were 47 homes that sold for less than $1 million.

The price per square foot in the 1st half was $1,038 – an increase of 11% since last year. The previous high was in 2018 at $1,027 per square foot.

A significant 77% of the homes sold for more than list price; last year, only 57% sold over list price. Another 12% in the 1st half sold at list price and 11% sold for less than list price.

LENGTH OF TIME TO SELL
With demand like we saw in the 1st half, it’s no surprise that homes sold very quickly. 118 homes, or 72%, sold in less than 2 weeks. 75 of those homes sold in 7 days or less. 18 homes took longer than 30 days to sell.

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 HALF YEAR REPORT - CONDO/TOWNHOMES

  • 200 WHISMAN

    This popular area had the second-highest number of sales in the 1st half at 36, and only 16 were in the 1st quarter. All but 4 of the homes sold for more than list price and every sale since the end of February sold over list price. A new record high was reached at $2.1 million and in fact, 3 homes sold for $2 million or more. There were just 5 homes that sold for less than $1 million. The average and median were both record highs.

  • 201 SYLVAN DALE

    There were just 2 sales in the 1st quarter and then 5 sales in the 2nd quarter. 4 homes sold for more than list price and by as much as 30% more. The highest price, selling at $1,852,000 for 15% over list price, was a record high, exceeding last year’s high of $1,750,000. As there were still 3 homes that sold for less than $1 million, the average price increased just 2% compared to last year.

  • 203 NORTH SHORELINE

    There were 28 sales in this area, 18 of which were in the 2nd quarter. 23 homes in the 1st half, or 82%, sold over list price, however, there were still 14 homes that sold for less than $1 million and thus, the average price showed a slight decline of 2% compared to last year. The 5 highest-priced sales all sold for more than list price. Only 6 homes took longer than 2 weeks to sell.

  • 204 RENGSTORFF

    This in-demand area had the highest number of sales in any area of Mountain View. There were 42 sales, several of which were new construction, which contributed to the average price increasing 9% compared to last year. 30 homes sold for more than list price, 11 homes sold at list price, and only 1 home sold under list price. The average price reached a record high of more than $1.56 million and 2 brand new homes set a record-high individual price at $2,195,990.

  • 205 THOMPSON

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

  • 206 SAN ANTONIO

    This area had 13 sales in the 1st quarter and 17 sales in the 2nd quarter. 22 of the 30 sales, or 73%, sold for more than list price; last year, only 45% of the homes in this area sold over list price. There were 5 homes that sold for more than $1.5 million, yet the average price was down ever so slightly compared to last year. Only 8 homes took longer than 13 days to sell.

  • 207 DOWNTOWN

    There were 10 sales in this desirable area in the 1st half, 7 of which sold for more than list price. The average price, at $1,377,969, was down 7%. 5 homes sold for more than $1.5 million and the highest-priced sale of $1.905 million sold for more than list price. Homes took longer to sell in this area than in other areas.

  • 208 GRANT/WAVERLY PARK

    There was just 1 townhome that sold in the 1st quarter and 1 home in the 2nd quarter; last year there was just 1 sale for the year. Both homes sold for quite a bit more than list price at $1.86 million and $1.95 million, which put the average at a record-high price and 10% higher than last year. Both homes sold in 7 days or less.

  • 209 MIRAMONTE

    There were just 3 sales in the 1st quarter and then 5 sales in the 2nd quarter. There were 5 homes that sold for more than list price, one at list price, and 2 for less than list price. 2 homes set record-high individual prices at $2.15 million and $2.16 million and each of these sold for more than list price. The average price was also a record high, up 6% since last year.