Mill Valley CA. Real Estate Market Report (June 2009 Home Sales Update)
June 14, 2009
Based on last month’s sales total of 17 (we had 14 sales in April), we currently have an overall inventory of homes (AR) sufficient to last a bit more than 8.35 months in Mill Valley, CA (down from 11 months last month). Overall, the number of homes for sale rose to 142 (way up from 90 in February 2009). The number of “bread and butter” homes (those priced between $1 million to $2 million) currently in escrow is hovering at 12. Meanwhile, the luxury market in Mill Valley (homes from $2 million and up) remains feeble with 3 sales last month and another 3 currently in escrow.
Price Range |
Total Active Homes |
Pending Listings |
Up to $800K |
19 (up 4) |
27% |
$800K – $1 mil. |
26 (up 3) |
28% |
$1 mil. – 1.5 mil. |
42 (up 1) |
14% |
$1.5 mil. – $2 mil. |
20 (down 1) |
20% |
$2 mil. – $4 mil. |
30 (up 1) |
9% |
$4 mil. & Up |
5 (up 1) |
0% |
Mill Valley’s 17 sales from May 2009 gave rise to the following averages: 64 days on the market; an average price of $1.167 million; and about 2,183 sq. ft. (or about $528 per sq. ft.). Homes in Scott Valley, Sycamore Park, Boyle Park, Country Club, and Strawberry generated the most calls this month. If you would like more information about neighborhoods, sales, schools, or local Mill Valley services references, just give me a call at (415) 350-9440 or e-mail me at Kyle@MillValley101.com.
p.s. I currently have several clients who want to be sellers, but are waiting in the wings. Please contact me to determine if any of these opportunities fit your needs. I also have a fixer listed in Homestead Valley that is a super value play, priced at $699,800 (3 Beds/3 Baths, 14,000 sq. ft. lot backing Molino Park). If you would like my Mill Valley Hot List, call or e-mail me: (415) 350-9440 | Kyle@MillValley101.com. It is always my pleasure to be of service.