Mill Valley Real Estate Report (May 2012 Home Sales Update) | Pacific Union International

May 26, 2012

April 2012 home sales in Mill Valley, California were robust with 34 trades. These properties sold for an average price of $1.161 million and averaged 2,249 sq. ft. (or about $542 per sq. ft.).  Pricing remains the key ingredient determining buyer interest levels and salability. Buyers continue to insist on readily apparent and undeniable value. If they don’t see it in a property, they are willing to wait it out. The number of listings actively on the market in the MLS has decreased to the point of scarcity. In fact, because of the low inventory, virtually every home that comes to the MLS receives multiple offers (unless priced wildly above true market value) — one home received no less than 12 offers this month.

Listings in Strawberry, Homestead Valley, Sycamore Park, and Tam Valley generated the most calls this month. Well-priced homes continue to generate multiple offers. 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. I am also a member of the Top Agent Network and Marin Platinum Group with access to dozens of homes not “officially” on the market but available for sale.

If you would like my Mill Valley Hot List, e-mail me. It is always my pleasure to be of service. Christie’s International Real Estate | Pacific Union International | Mill Valley, CA.