Housing developments & market
Key Questions
What were the April median home prices in Mountain View?
Median home prices in Mountain View reached $3.27M in April. The market shows rising inventory alongside these elevated prices.
How is Palo Alto tightening BMR requirements?
Palo Alto is adjusting below-market-rate (BMR) housing policies as part of new development approvals. This comes amid ongoing affordability challenges in the region.
What housing project was approved at 3781 El Camino in Palo Alto?
Palo Alto approved a 7-story, 183-unit apartment complex at 3781 El Camino Real. The project received unanimous council support.
What is happening with the former Office Depot site in Mountain View?
The Office Depot site on El Monte Avenue is slated for demolition to make way for approximately 120 affordable homes. The retail property has been sold for this redevelopment.
What projects are included in Palo Alto's housing surge?
Palo Alto's surge includes Builder's Remedy projects, SB79 initiatives, and Baylands developments. These add to the 183-unit El Camino approval and smaller enclaves like the 16-unit project near Esther Clark Park.
Is housing inventory rising in the area?
Rising inventory is noted in Mountain View and surrounding markets. This trend coincides with slight improvements in California affordability metrics.
How has California home affordability changed, especially in Santa Clara County?
California home affordability shows slight improvement overall, but stark racial gaps persist in Santa Clara County. Local data highlights ongoing disparities in access.
What rent-stabilization rules apply in Mountain View?
Mountain View staff recently reviewed voter-approved rent-stabilization rules, including deposit caps, during a May 12 webinar. These measures aim to protect tenants amid new housing developments.
Apr medians MV $3.27M; council tightens BMR. PA approves 183-unit at 3781 El Camino. MV Office Depot to ~120 affordable. PA surge includes Builder's Remedy, SB79, Baylands projects. Rising inventory. CA affordability shows slight improvement but stark racial gaps persist in Santa Clara County.