Mill Valley Top Agent Real Estate Report (December 2016 Home Sales Update) | Pacific Union

December 17, 2016

Mill Valley Top Agent Real Estate Report (December 2016 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). Many consider Mill Valley to be Marin County’s shining jewel (it is a truly special place). A small town with about 14,000 people and sitting a couple miles north of the Golden Gate Bridge, just past world famous Sausalito, Mill Valley is widely considered one of the most desirable towns in the Bay Area. Affluent buyers from all walks of life are drawn to Mill Valley’s laid back vibe, low crime, good schools and welcoming downtown shopping district. November 2016 was a relatively slow month for real estate sales with just 16 homes sold (of course, the low inventory levels limit the number of sales). The average sales price of approximately $1.82 million reflects the upward trend of prices in Southern Marin. The sold properties of November 2016 averaged 2,696 square feet at $719 per sq. ft. As pricing has increased significantly over the past couple of years, Mill Valley home buyers continue to jump decisively when exceptional properties in desirable locations come to market. Indeed, multiple offers are quite common on such homes, coupled with short contingencies. I expect that this will continue into 2017.

There are currently just 27 single family homes listed for sale in Mill Valley. Mill Valley’s current absorption rate is just under 2 months (5-6 months is considered a “balanced” market). Below are the percentages of homes in escrow in each of Mill Valley’s major price bands (note that due to increased prices, I have eliminated the “under $800,000″ price level as there are very few such homes avaialble):

  • 50% of homes below $1 million;
  • 57% of homes between $1 million and $1.5 million;
  • 64% of homes between $1.5 million and $2 million;
  • 25% of homes between $2 million and up.

Of the 17 homes that sold in November 2016:

  • 8 homes were under $1.5 million;
  • 8 homes priced from $1.5 million and up.

MLS Listings in Sycamore Park, Tamalpais Park, Boyle ParkMiddle Ridge and Strawberryneighborhoods generated the most calls and showings this past month. If you would like me to run the exact numbers for your Mill Valley neighborhood or if you have any questions about Mill Valley schools or its many delightful communities, just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a Top Agent, J.D., Broker, Realtor, Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.