Mountain View Real Estate Market Trend

overview Today I reviewed the Mountain View's Single Family Real Estate market of April 2008 compared to April 2009 shows some interesting economic changes:

1.) The homes inventory rose to 101 this year from last year's 55.The sold homes are grow from 15 last April to 20 this year.

2.) The average price of Mountain View homes this year has lowered to $860,400 from last years' $1,106,718. The median price on Mountain View homes has dropped from $1,072,625 to $837,500.

3.) It takes average 52 days to sell a Mountain View home, but last April was 29 days.

With all the numbers that show this month we have almost double the Mountain View homes for sale and about 5 more homes actually sold. The average and median price for

Mountain View homes both dropped about 20% from last April to this April. The price dropped due to a lot of lower end homes as short sales and REO (bank owned) homes sold. The above information came from the multiple listing services www.reil.com

If you or someone you know is thinking of buying or selling property at or near Mountain View, California please contact Grace Keng, REALTOR®. at 408-733-8887 or by e-mail at GraceKeng1@gmail.com.