RECAP OF 3RD QUARTER 2024
NUMBER OF SALES
There were 34 sales in the 1st quarter, 92 sales in the 2nd quarter, and 55 sales in the 3rd quarter. This total of 181 sales through the 3rd quarter compares to 165 sales in the same period last year – a 10% increase.
In addition to the 55 single-family home sales in the 3rd quarter, there were 65 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.
PRICES
The average price for the 55 homes sold in the 3rd quarter was $2,721,342. Only 1 home sold for more than $5 million and no homes sold for less than $1.65 million. The average price in the 3rd quarter was down slightly compared to the same quarter last year. Year-to-date through the 3rd quarter, the average price of $2,742,813 was up 3% compared to all of last year.
The median price in the 3rd quarter was $2,600,000, representing a 2% increase compared to the same quarter last year. Year-to-date through the 3rd quarter, the median price, also at $2,600,000, was up 2% compared to all of last year.
There were 35 homes, or 64%, that sold for more than list price in the 3rd quarter. On average, homes in the 3rd quarter sold for 105% of list.
The price per square foot through the 3rd quarter was $1,719 – an increase of 9% compared to all of 2023 when it was $1,583.
LENGTH OF TIME TO SELL
Homes sold quickly in the 3rd quarter with half selling in just 7 days or less and 71% selling in less than 2 weeks. On average, homes in the 3rd quarter sold in just 13 days.
PRICES
The average price for the 55 homes sold in the 3rd quarter was $2,721,342. Only 1 home sold for more than $5 million and no homes sold for less than $1.65 million. The average price in the 3rd quarter was down slightly compared to the same quarter last year. Year-to-date through the 3rd quarter, the average price of $2,742,813 was up 3% compared to all of last year.
The median price in the 3rd quarter was $2,600,000, representing a 2% increase compared to the same quarter last year. Year-to-date through the 3rd quarter, the median price, also at $2,600,000, was up 2% compared to all of last year.
There were 35 homes, or 64%, that sold for more than list price in the 3rd quarter. On average, homes in the 3rd quarter sold for 105% of list.
The price per square foot through the 3rd quarter was $1,719 – an increase of 9% compared to all of 2023 when it was $1,583.
LENGTH OF TIME TO SELL
Homes sold quickly in the 3rd quarter with half selling in just 7 days or less and 71% selling in less than 2 weeks. On average, homes in the 3rd quarter sold in just 13 days.
Rollover or click map to see more information for each area.
Rollover or click map to see more information for each area.
There was just 1 sale in the 3rd quarter but 10 total sales this year. The home sold for 8% over list price at $1,815,000. Year- to-date through the 3rd quarter, the average of the 10 sales was $2,108,100, which was just slightly lower than all of last year when the average price was $2,112,550.
There were 3 sales in the 3rd quarter in this area, two of which sold over list price. The average price in the 3rd quarter was $2,651,667; year-to-date through the 3rd quarter, the average price was $2,541,333, which was 5% higher than it was last year.
More homes sold in this area in the 3rd quarter than in any other area. There were 12 sales in the 3rd quarter and only one sold for less than list price. On average, homes sold for 108% of list price. The average price was $2,331,917, which was 6% higher than it was last year. Homes sold very quickly with only two homes taking longer than 15 days to sell.
There were just 2 sales in the 3rd quarter and a total of 6 sales this year. The average price in the 3rd quarter was $2,075,900. Year-to-date through the 3rd quarter, the average of the 6 sales was $2,231,967, which was a significant 39% higher than all of last year when there were just 4 sales.
There were 8 sales in this area in the 3rd quarter, and there
have been 21 sales this year. Only 2 homes sold for more than list price. The average price was $2,032,500 and year-to-date through the 3rd quarter, the average price was $2,261,714, which was 8% higher than all of last year.
There were 3 sales in San Antonio in the 3rd quarter and there have been 7 sales this year. The average price in the 3rd quarter was $2,100,333. Year-to-date through the 3rd quarter, the average of the 7 sales was $2,410,429, which was 10% lower than all of last year when there were just 4 sales.
Sales were strong in this popular area. There were 8 sales in the 3rd quarter and 5 were for more than list price. The average price was $2,490,625. Year-to-date through the 3rd quarter,
the average price was $2,494,512, which was 4% higher than last year.
There were only 6 sales in this popular area and all but 1
sold for substantially more than list price, including the most expensive that sold for $4.7 million. The average price year-to- date through the 3rd quarter was $3,856,944, and a new record high that was 6% higher than last year.
This very popular area had 7 sales in the 3rd quarter, 6 of which sold for list price or more and only one that took longer than
8 days to sell. The average 3rd quarter price was a new record at $3,952,571. The year-to-date average price through the
3rd quarter was $3,597,125, which was 14% higher than last year.
There were 5 homes sold in the 3rd quarter and all sold for more than list price and in 8 days or less. The average price was a record high of $3,031,000 in the 3rd quarter. Year-to-date the average was $2,969,732, which was 5% higher than last year.
RECAP OF 3RD QUARTER 2024
NUMBER OF SALES
There were 65 sales of condos/townhomes reported through the Multiple Listing Service in the 3rd quarter compared to 92 sales in the 2nd quarter and 49 sales in the 1st quarter.
In addition to the 65 condo/townhome sales, there were 55 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
With the drop in sales in the 3rd quarter, prices fell as well. The median price was $1,215,000, 12% lower than the same period last year. The average price was $1,236,214, which was just slightly lower than it was in last year’s 3rd quarter.
There were 26 homes that sold for less than $1 million and 19 homes that sold for $1.5 million or more. 5 homes sold for $2 million or more (compared to just 1 in the 3rd quarter last year).
The average price per square foot in the 3rd quarter was $940, down 5% from the 1st half when it was $993, and down from all of last year when it was $959.
49% of the homes sold for more than list price; in all of last year, 55% sold over list price.
LENGTH OF TIME TO SELL
Condos/townhomes sold quickly in the 3rd quarter with 50% selling in 2 weeks or less and only 28% taking longer than 30 days to sell. On average, condos/townhomes in the 3rd quarter sold in 33 days.
Rollover or click map to see more information for each area.
Rollover or click map to see more information for each area.
Sales were strong here with 12 homes sold, 7 of which sold over list price. There have been 44 sales this year, 18 of which were for $1.5 million or more. The average price in the 3rd quarter was $1,106,417. Year-to-date through the 3rd quarter the average was $1,299,747, which was 1% lower than last year.
There were just 2 sales in the 3rd quarter and there have only been 7 this year. The average price in the 3rd quarter was $710,000, which was 45% less than last year. However, year-to-date through the 3rd quarter, the average price was $1,164,714, which was only 11% lower than all of last year.
More condos/townhomes sold in this popular area than in any other area. There were 17 sales in the 3rd quarter and 8 of those were for more than list price. The average price was $1,122,118. Year-to-date through the 3rd quarter, the average price was $1,135,486, which was just slightly lower than last year’s average price.
This area had 11 sales in the 3rd quarter, and 7 of those sold over list price. There were 2 sales for $2 million or more and no sales for less than $1.1 million. The average price in the 3rd quarter was $1,680,273. Year-to-date, the average price of $1,653,686 was 14% higher than last year.
This area has just a few townhome complexes, and there were no sales in the 3rd quarter. There have been 4 sales this year (3 were new construction) with an average price of $1,930,250. This is 10% higher than it was in all of 2023.
This area had the second strongest number of sales with 15 in the 3rd quarter and 7 of those were for more than list price (including one represented by The Troyer Group that sold for 24% over list). A record high sale price of $2,205,000 was reached but the majority of the sales were for less than $1 million. The average price year-to-date was $1,051,961, putting it 5% higher than last year.
There were 4 sales in the 3rd quarter, 1 that sold over list price. Year-to-date through the 3rd quarter there have been 12 sales, half of which have sold over list price. The average 3rd quarter price was a record-breaking $1,880,472. The year-to-date average was $1,415,762, which was 16% higher than all of last year.
There have been no condo/townhome sales this year. There was just 1 sale last year for $1,800,000.
209 MIRAMONTE
There were 4 sales in the 3rd quarter, all of which sold for list price or more. The average price in the 3rd quarter was $1,236,214. There have been 8 sales year-to-date and the average price was $1,277,375. This was 6% lower than it was last year when there were 12 sales.