Mountain View Voice : Housing market through the roof
In the second quarter of 2007, single-family homes sold in Mountain View within 13 days — consistently the shortest time on the market of any city in the South Bay or lower Peninsula within the last nine months. Sunnyvale and Palo Alto were close behind.
Days on the market is the best way to gauge demand, experts say, making Mountain View the most sought-after property in the region.
The median price of homes has jumped to $1.1 million, up from $882,000 in the first quarter of 2006. Homes in the Monta Loma neighborhood, for example, are now in the $850,000 range and typically sell within eight days.
Go Mountain View! Congrats!