The Mountain View school district real estate market performed remarkably well in 2016! Year over year every statistical measurement was healthier. Please keep in mind that 2015 was an amazing year, but 2016 was even better!
2016 had 54 closed sales compared to 51 in 2015. The median home price was $1,430,250, which translates to an increase of 12% year over year. The average sale price was also 12% higher coming in at $1,405,809. Homes sold for 95.4% of their original list price and were only on the market for 43 days.
What do all of these numbers mean for you?
If you’re a homeowner thinking of selling there could not be a better time to sell. Now is the time to capitalize on this fiery market. You own a piece of Santa Barbara gold and can cash out on the abundance of equity you’ve built.
If you’re a buyer pondering the purchase of your dream home you may want to act soon. With homes appreciating at an alarming rate you don’t want the affordability window to close. Now is also a terrific time to buy a home as interest rates are still near historic lows. Yes, interest rates have been on the rise, but they are still astonishingly low.
Whether you are a homeowner thinking of selling or a buyer looking to purchase your family home, we are your go-to real estate resource. Our exceptional marketing, first-class customer service and in-depth market knowledge will be sure to put you in the best possible position to succeed.
If you have any questions whatsoever or would like a no-hassle, confidential consultation of what your home would sell for in today’s market, please contact us by clicking here or call/text us at 805.770.0889. We look forward to hearing from you and opening the door to your life’s next step.