Mountain View Ca Market Update Dec. 8, 2008
By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As of Dec 8, 2008 the Mountain View market looked like this: Single family homes: 71 homes for sale 12 pending sales 4 closed sales in the previous week Condo/Town homes 70 for sale 20 pending sales 2 closed sales in the previous week What does this mean? First of all there are a lot of homes for sale in Mountain View, which traditionally has more condo/town homes for sale at any given time because there are a lot more of those than single family homes. 70 is not a huge number for condos, but it is for single family homes. The ration of single family homes for sale to pending sales also shows a lot of softness in the market. For condos, the ratio is better. I would attribute this to the fact the less expensive condos are easier to sell because money is easy and cheaper to ...
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