April 2018 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union

April 22, 2018

April 2018 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union. Located just north of the iconic Golden Gate Bridge and home to just 14,000 residents, Mill Valley is widely considered one of the most desirable small towns in the entire Bay Area  (click HERE for a video about Mill Valley). Affluent buyers from all walks of life are drawn to Mill Valley’s mellow vibe, low crime, good schools (Tamalpais Union HSD is one California’s top High School Districts), excellent outdoor opportunities (Muir Wood, Mt. Tam, and Stinson Beach) and welcoming downtown shopping district with great restaurants and cafes. Reflecting the anti-establishment roots of this historically hippie town, you may even see someone sitting at the coffee shop with a t-shirt that reads “Bring Mill Valley back … to Mill Valley.”

News Flash: I have a new listing coming up in Homestead Valley. It features a newly renovated Kitchen, private location, 5 beds, 2.5 baths and about 3,363 square feet. Price to be $2,499,000. Call me if interested. For more pictures and 3-d walkting tour, go to www.442Laverne.com.

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11 14 15March 2018  home sale numbers (we had 19 trades) inched up from those of February 2018. Inventory of homes for sale remains the biggest challenge for buyers. The average sales price of $2. 131 million is consistent with the upward trend of prices generally seen in Southern Marin (agents now observe that $2.5 million is the new $1.5 million — kind of like 50 is the new 40 (LORD, how I pray that is true).

The sold properties of March 2018 averaged 2,317 square feet at $893 per sq. ft. Despite ongoing upward price movement, Mill Valley home buyers continue acting quickly (and with very strong terms) when exceptional properties in desirable locations hit the market. Multiple offers remain common on such homes, coupled with short contingencies. I expect that this will continue through the end of the first half of 2018 — agent buzz and home preparation activity remains very high.

There are currently just 29 single family homes listed for sale in Mill Valley. Mill Valley’s current absorption rate is less than 2 months (4-6 months is considered a “balanced” market). This is about the tightest market I have seen in my 15 years in Marin real estate. Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:

  • 43% of homes below $1 million;
  • 65% of homes between $1 million and $1.5 million;
  • 50% of homes between $1.5 million and $2 million;
  • 20% of homes between $2 million and up.

Of the 16 homes that sold in February 2018:

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

MLS Listings in Sycamore Park, Tam Park, Homestead Valley, Boyle ParkMiddle Ridge and Strawberry neighborhoods 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 Pacific Union International Real Estate. It is always my pleasure to be of service.

March 2018 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union

March 15, 2018

March 2018 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union. Last month in this space, I asked “How to buy a Mill Valley home in 2018?” The answer for those who bought in February 2018 focused mostly on bringing a lot of money. And throwing some excellent in terms into mix, as well. Marin County’s touchstone town, Mill Valley has become a very trendy place to live. Although I saw a guy wearing a t-shirt the other day that said “Bring Mill Valley back to Mill Valley.” Guessing he’s not the only one who feels that way.

Located just north of the iconic Golden Gate Bridge and home to just 14,000 residents, Mill Valley is widely considered one of the most desirable small towns in the entire Bay Area  (click HERE for a video about Mill Valley). Affluent buyers from all walks of life are drawn to Mill Valley’s mellow vibe, low crime, good schools (Tamalpais Union HSD is one California’s top High School Districts), excellent outdoor opportunities (Muir Wood, Mt. Tam, and Stinson Beach) and welcoming downtown shopping district with great restaurants and cafes.millparks125x250

February 2018  home sale numbers (we had 16 trades) were mostly limited by the rarity of listings and time of year. Inventory of homes for sale remains the biggest challenge for buyers. The average sales price of $2. 149 million was up almost $1 million over the prior month (shedding light on just how misleading month-to-month housing stats can be. Nonetheless, it reflects the upward trend of prices generally seen in Southern Marin. The sold properties of February 2018 averaged 2,529 square feet at $969 per sq. ft. Despite ongoing upward price movement, Mill Valley home buyers continue acting quickly (and with very strong terms) when exceptional properties in desirable locations hit the market. Multiple offers remain common on such homes, coupled with short contingencies. I expect that this will continue through the first half of 2018 — buyer and agent home preparation activity so far in 2018 has been very high.

News Flash: I have a new listing coming up in Homestead Valley. It features a newly renovated Kitchen, private location, 5 beds, 2.5 baths and 2-car garage. Price to be $2,499,000. Call me if interested. This has not been shared with my networking groups yet.

There are currently just 29 single family homes listed for sale in Mill Valley. Mill Valley’s current absorption rate is less than 2 months (4-6 months is considered a “balanced” market). This is about the tightest market I have seen in my 15 years in Marin real estate. Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:

  • 43% of homes below $1 million;
  • 65% of homes between $1 million and $1.5 million;
  • 50% of homes between $1.5 million and $2 million;
  • 20% of homes between $2 million and up.

Of the 16 homes that sold in February 2018:

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

MLS Listings in Sycamore Park, Tam Park, Homestead Valley, Boyle ParkMiddle Ridge and Strawberry neighborhoods 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 Pacific Union International Real Estate. It is always my pleasure to be of service.

February 2018 Mill Valley Home Sales | Top Agent Real Estate Report | Pacific Union

February 12, 2018

February 2018 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union. How to buy a Mill Valley home in 2018? Is this the year you move to Mill Valley? We’d love to see you here. As most of you know, Mill Valley is the shining jewel of Marin County. Located just north of the iconic Golden Gate Bridge and home to just 14,000 residents, Mill Valley is widely considered one of the most desirable small towns in the entire Bay Area  (click HERE for a video about Mill Valley). Affluent buyers from all walks of life are drawn to Mill Valley’s mellow vibe, low crime, good schools (Tamalpais Union HSD is one California’s top High School Districts), excellent outdoor opportunities (Muir Wood, Mt. Tam, and Stinson Beach) and welcoming downtown shopping district with great restaurants and cafes.millparks125x250

January 2018  home sale numbers (we had a fairly healthy 9 sales) reflected the rarity of listings and time of year. Inventory of homes for sale remains the biggest challenge for buyers. The average sales price of $1,477,278 million reflects the upward trend of prices generally seen in Southern Marin. The sold properties of January 2018 averaged 1,911 square feet at $815 per sq. ft. Despite ongoing upward price movement, Mill Valley home buyers continue acting quickly (and with very strong terms) when exceptional properties in desirable locations hit the market. Multiple offers remain common on such homes, coupled with short contingencies. I expect that this will continue through 2018 — buyer and agent home preparation activity so far in 2018 has been very high.

There are currently just 18 single family homes listed for sale in Mill Valley. Mill Valley’s current absorption rate is about 2 months (4-6 months is considered a “balanced” market). This is about the tightest market I have seen in my 15 years in Marin real estate. Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:

  • 0% of homes below $1 million;
  • 60% of homes between $1 million and $1.5 million;
  • 17% of homes between $1.5 million and $2 million;
  • 25% of homes between $2 million and up.

Of the 9 homes that sold in January 2018:

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

MLS Listings in Sycamore Park, Tam Park, Homestead Valley, Boyle ParkMiddle Ridge and Strawberry neighborhoods 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 Pacific Union International Real Estate. It is always my pleasure to be of service.

January 2018 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union

January 12, 2018

January 2018 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union. 2018! Already here. Is this the year you move to Mill Valley? We’d love to see you here. As most of you know, Mill Valley is a tiny microcosm of Marin County. Located just north of the iconic Golden Gate Bridge and home to just 14,000 residents, Mill Valley is widely considered one of the most desirable small town real estate jewels in the entire Bay Area  (click HERE for a video about Mill Valley). Affluent buyers from all walks of life are drawn to Mill Valley’s mellow vibe, low crime, good schools (Tamalpais Union HSD is one California’s top High School Districts), excellent outdoor opportunities (Muir Wood, Mt. Tam, and Stinson Beach) and welcoming downtown shopping district with great restaurants and cafes.millparks125x250

December 2017  home sale numbers (we had a healthy 20 sales) were robust given the rarity of listings and time of year. Inventory of homes for sale remains the biggest challenge for buyers. The average sales price of $1,406,876 million reflects the upward trend of prices generally seen in Southern Marin. The sold properties of December 2017 averaged 1,971 square feet at $749 per sq. ft. Despite ongoing upward price movement, Mill Valley home buyers continue acting quickly (and with very strong terms) when exceptional properties in desirable locations hit the market. Multiple offers remain common on such homes, coupled with short contingencies. I expect that this will continue through 2018 — activity so far in 2018 has been very high.

There are currently just 14 single family homes listed for sale in Mill Valley. Mill Valley’s current absorption rate is about a month (4-6 months is considered a “balanced” market). This is about the tightest market I have seen in my 15 years in Marin real estate. Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:

  • 50% of homes below $1 million;
  • 67% of homes between $1 million and $1.5 million;
  • 29% of homes between $1.5 million and $2 million;
  • 33% of homes between $2 million and up.

Of the 26 homes that sold in December 2017:

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

MLS Listings in Sycamore Park, Tam Park, Homestead Valley, Boyle ParkMiddle Ridge and Strawberry neighborhoods 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 Pacific Union International Real Estate. It is always my pleasure to be of service.

December 2017 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union

December 20, 2017

December 2017 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union. Mill Valley is a tiny microcosm of Marin County. Located just north of the iconic Golden Gate Bridge and home to just 14,000 residents, Mill Valley is widely considered one of the most desirable small town real estate jewels in the entire Bay Area  (click HERE for a video about Mill Valley). Affluent buyers from all walks of life are drawn to Mill Valley’s mellow vibe, low crime, good schools (Tamalpais Union HSD is one California’s top High School Districts), excellent outdoor opportunities (Muir Wood, Mt. Tam, and Stinson Beach) and welcoming downtown shopping district.

November 2017  home sale numbers (we had a healthy 25 sales) were fairly robust given the rarity of listings. Inventory of homes for sale remains the biggest challenge for buyers. The average sales price of $1,594,680 million reflects the upward trend of prices generally seen in Southern Marin. The sold properties of November 2017 averaged 2,043 square feet at $791 per sq. ft. Despite ongoing upward price movement, Mill Valley home buyers continue acting quickly (and with very strong terms) when exceptional properties in desirable locations hit the market. Multiple offers remain common on such homes, coupled with short contingencies. I expect that this will continue into 2018.

There are currently just 18 single family homes listed for sale in Mill Valley. Mill Valley’s current absorption rate is less than 1 month (4-6 months is considered a “balanced” market). Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:

  • 88% of homes below $1 million;
  • 82% of homes between $1 million and $1.5 million;
  • 18% of homes between $1.5 million and $2 million;
  • 33% of homes between $2 million and up.

Of the 25 homes that sold in November 2017:

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

MLS Listings in Sycamore Park, Tam Park, Homestead Valley, Boyle ParkMiddle Ridge and Strawberry neighborhoods 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 Pacific Union International Real Estate. It is always my pleasure to be of service.

November 2017 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union

November 13, 2017

November 2017 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union. Often thought of as Marin County’s touchstone small town, Mill Valley is a truly special place. Approximately 14,000 people live in Mill Valley, which is located a couple miles north of the Golden Gate Bridge. It is widely considered one of the most desirable towns not just in Marin, but the entire Bay Area  (click HERE for a video about Mill Valley). Affluent buyers from all walks of life are drawn to Mill Valley’s mellow vibe, low crime, good schools (Tamalpais Union HSD was just noted as one California’s top High School Districts), excellent outdoor opportunities (Muir Wood, Mt. Tam, and Stinson Beach) and welcoming downtown shopping district. October 2017  home sale numbers (we had 23 sales) were fairly robust given the rarity of listings. Inventory of homes for sale remains the biggest challenge for buyers. The average sales price of $2,174,826 million reflects the upward trend of prices generally seen in Southern Marin. The sold properties of October 2017 averaged 2,866 square feet at $811 per sq. ft. Despite ongoing upward price movement, Mill Valley home buyers continue acting quickly (and with very strong terms) when exceptional properties in desirable locations hit the market. Multiple offers remain common on such homes, coupled with short contingencies. I expect that this will continue as 2017 unwinds into the Spring selling season.

There are currently just 35 single family homes listed for sale in Mill Valley. Mill Valley’s current absorption rate is just above 1 month (4-6 months is considered a “balanced” market). Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:

  • 90% of homes below $1 million;
  • 59% of homes between $1 million and $1.5 million;
  • 40% of homes between $1.5 million and $2 million;
  • 14% of homes between $2 million and up.

Of the 23 homes that sold in October 2017:

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

MLS Listings in Sycamore Park, Tam Park, Homestead Valley, Boyle ParkMiddle Ridgeand Strawberry neighborhoods 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 Pacific Union International Real Estate. It is always my pleasure to be of service.

P.S. I have a highly desirable 3 bed, 2 bath condo over 2,000 square feet with views and privacy coming to market in April 2017. Please call me for the address and possible early showings.

March 2017 Home Sales Update | Mill Valley Top Agent Real Estate Report | Pacific Union

March 8, 2017

March 2017 Home Sales Update | Mill Valley Top Agent Real Estate Report | Pacific Union (click HERE for a video about Mill Valley). Often thought of as Marin County’s touchstone town, Mill Valley is a truly special place. With about 14,000 people, located a couple miles north of the Golden Gate Bridge, Mill Valley is widely considered one of the most desirable towns not just in Marin, but the entire Bay Area. Affluent buyers from all walks of life are drawn to Mill Valley’s mellow vibe, low crime, good schools (Tamalpais Union HSD was just noted as one California’s top High School Districts), excellent outdoor opportunities (Muir Wood, Mt. Tam, and Stinson Beach) and welcoming downtown shopping district. February 2017 built on January’s somewhat limited sales figures — real estate sales in February 2017 clocked in at 16 (just 13 homes sold in January 2017). Listing inventory levels remain a challenge for buyers generally and continue to result in price appreciation. The average sales price of $1,694 million reflects the upward trend of prices generally seen in Southern Marin. The sold properties of February 2017 averaged 2,214 square feet at $785 per sq. ft. Despite ongoing upward price movement, Mill Valley home buyers continue acting quickly when exceptional properties in desirable locations hit the market. Indeed, multiple offers are quite common on such homes, coupled with short contingencies. I expect that this will continue as 2017 unwinds into the Spring selling season.

There are currently just 39 single family homes listed for sale in Mill Valley. While this is a very low number, it is nearly double the number of listings avaialable this time last month. Mill Valley’s current absorption rate is just above 2 months (4-6 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):

  • 75% of homes below $1 million;
  • 33% of homes between $1 million and $1.5 million;
  • 25% of homes between $1.5 million and $2 million;
  • 10% of homes between $2 million and up.

Of the 13 homes that sold in February 2017:

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

MLS Listings in Sycamore Park, Tam Park, Homestead Valley, Boyle ParkMiddle Ridge and Strawberry neighborhoods 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 Pacific Union International Real Estate. It is always my pleasure to be of service.

P.S. I have a highly desirable 3 bed, 2 bath condo over 2,000 square feet with views and privacy coming to market in April 2017. Please call me for the address and possible early showings.

February 2017 Home Sales Update | Mill Valley Top Agent Real Estate Report | Pacific Union

February 10, 2017

February 2017 Home Sales Update | Mill Valley Top Agent Real Estate Report | Pacific Union (click HERE for a video about Mill Valley). Often thought of as one of Marin County’s touchstone, Mill Valley is a truly special small town. With about 14,000 people, located a couple miles north of the Golden Gate Bridge, Mill Valley is widely considered one of the most desirable towns not just in Marin, but the entire Bay Area. Affluent buyers from all walks of life are drawn to Mill Valley’s mellow vibe, low crime, good schools (Tamalpais Union HSD was just noted as one California’s top High School Districts) and welcoming downtown shopping district. January 2017 was a relatively slow month for real estate sales with just 13 homes sold (of course, the Winter season and ongoing low inventory levels are a major limiting factor on the number of sales). The average sales price of $1,667,846 million reflects the upward trend of prices generally seen in Southern Marin. The sold properties of February 2017 averaged 2,466 square feet at $663 per sq. ft. Despite ongoing upward price movement, Mill Valley home buyers continue acting quickly when exceptional properties in desirable locations hit the market. Indeed, multiple offers are quite common on such homes, coupled with short contingencies. I expect that this will continue as 2017 unwinds.

There are currently just 22 single family homes listed for sale in Mill Valley. This is very low. Mill Valley’s current absorption rate is just under 2 months (4-6 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):

  • 83% of homes below $1 million;
  • 14% of homes between $1 million and $1.5 million;
  • 38% of homes between $1.5 million and $2 million;
  • 29% of homes between $2 million and up.

Of the 13 homes that sold in February 2017:

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

MLS Listings in Sycamore Park, Homestead, Boyle ParkMiddle Ridge and Strawberry neighborhoods 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 Pacific Union International Real Estate. It is always my pleasure to be of service.

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.

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

September 14, 2016

Mill Valley Top Agent Real Estate Report (September 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. 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 live and thrive here. In terms of the number of sales, August 2016 was a slow month with just 22 homes sold (August 2015 had 28 sales). The average sales price of approximately $1.752 million, reflects the incredible run up in prices in Southern Marin (up over $320K from last August). The sold properties of August 2016 averaged 2,164 square feet at $809 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 through the Fall and Winter of 2016.

There are currently a startling high number of single family homes listed for sale in Mill Valley. This dramatic increase is likey due to seller opportunism as prices are so high many sellers can’t resist testing the market. Of course, many of these homes will not sell as they are priced far higher than recent comparable sales. Mill Valley’s current absorption rate is just under 3 months (6 months is considered “balanced”). 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):

  • 38% of homes below $1 million;
  • 35% of homes between $1 million and $1.5 million;
  • 26% of homes between $1.5 million and $2 million;
  • 24% of homes between $2 million and up.

Of the 22 homes that sold in August 2016:

  • 10 homes were under $1.5 million;
  • 12 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.

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