Mountain View, CA: Comparing SFH sales October 2007 through 2011

Almost every news article is full of news about how home sales are down and prices have fallen but I wanted to see if that holds true for the local real estate market in Mountain View, CA. Has the market fallen dramatically and has the number of transactions fallen significantly? I decided to do some research on MLSListings, Inc. and see what the actual sales numbers look like for single family homes (SFH) in Mountain View.

I have had a gut instinct that prices today were fairly close to what they were in 2007 but I wanted to take a look at the real numbers. This is what I found:



Oct 2011 Snapshot

# of SFH listed-31

Cancellations or withdrawls-2

Short Sales/REOs-1

Highest priced SFH-$1,849,318

Lowest priced SFH-$594,500

Average SFH characteristics-

Listed for $1,037,082

3 bedroom & 3 bath home builit in 1959 with 1709 sq ft on a 6938 sq ft lot



Oct 2010 Snapshot

# of SFH listed-31

Cancellations or withdrawls-8

Short Sales/REOs-0

Highest priced SFH-Listed 1.699M sold 1.79M

Lowest priced SFH-Listed 435K sold 380K

Average SFH characteristics-

On the market for 46 days

Listed for $941,332 and sold for $939,748

3 bedroom 2 bath built in 1962 with 1531 sq ft on a 6322 sq lot



October 2009 Snapshot

# of SFH listed-30

Cancellations or withdrawls-0

Short Sales/REOs-3

Highest priced SFH-Listed $1,718,153 sold $1,653,823 took 421 days to sell!

Lowest priced SFH-Listed 399K sold 399K

Average SFH characteristics-

On the market for 55 days

Listed for $905,986 and sold for $905,787

3 bedroom and 2 bath built in 1963 with 1628 sq ft on a 5674 sq lot



October 2008 Snapshot

# of SFH listed-24

Cancellations or withdrawls-17!!!! Or 0ver 70% of homes did not sell

Short Sales/REOs-0

Highest priced SFH-listed for $16,950,000 sold $1,613,000

Lowest priced SFH-listed $828,000 sold $765,000

Average SFH characteristics-

On the market for 61 days

Listed for $1,107,929 and sold for $1,065,809

4 bedroom and 3 baths built in 1957 with 1837 sq ft on a 7702 sq lot



October 2007 Snapshot

# of SFH listed-42

Cancellations or withdrawls-16 almost 40% of homes were taken off the market

Short Sales/REOs-0

Highest priced SFH-listed $1,600,000 sold for $1,595,000

Lowest priced SFH-listed $640,000 sold for $650,000

Average SFH characteristics-

On the market for 22 days

Listed for $1,038,627 and sold for $1,047,014

3 bedroom and 2 baths built in 1958 with 1576 sq ft on a 6818 sq ft lot



The average list price in 2007 and 2011 are very close but the number of listings are down about 25%. So is the news half right? Let me know your thoughts on the state of the market.