Mill Valley, CA. April 2016 | Top Agent | Real Estate Report

April 23, 2016

Mill Valley Top Agent Real Estate Report (April 2016 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). For the unaquainted, Mill Valley (just north of the Golden Gate Bridge, across the bay from San Francisco) 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 th enumber of sales, March 2016 was a fairly slow month with just 12 homes sold (December 2015 had 25 sales). The average sales price of approximately $1.26 million, was also low compared with December. The sold properties of March 2016 averaged 1,725 square feet at $753 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 in 2016.

There are currently just 44 single family homes listed for sale in Mill Valley. This is relatively good amount of inventory for this time of year and pins the absorption rate at just under 4 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):

  • 40% of homes below $1 million;
  • 52% of homes between $1 million and $1.5 million;
  • 46% of homes between $1.5 million and $2 million;
  • 36% of homes between $2 million and up.

Of the 12 homes that sold in March 2016:

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

MLS Listings in Sycamore Park, Tamalpais Park, 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 Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Top Agent | Pacific Union (Mill Valley March 2016) Real Estate Report

March 11, 2016

Mill Valley Top Agent Real Estate Report (March 2016 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). For the unaquainted, Mill Valley (just north of the Golden Gate Bridge, across the bay from San Francisco) is widely considered one of the most desirable towns in the Bay Area. Affluent buyers from all walks of life live and thrive here. Somewhat strangely, February 2016 was a very slow month for home sales — 8 home sold total compared to 27 trades in December 2015. The average sales price of approximately $1.232 million, was also quite low compared with December. I expect that hindsight will show January 2016 was simply anomolous and that the sales figures reflected very low inventory and the peculiar mix of homes that sold (e.g., smaller homes in poor condition). In fact, prior months reflected upticks in virtually every metric used to assess the strength of a given market.

The sold properties of February 2016 averaged 1,668 square feet at $780 per sq. ft. (in 2014, the average size and price per foot were 2,399 square feet and $726 per sq. ft.). Indeed, as pricing has increased significantly over the past couple of years, Mill Valley home buyers have not been deterred. Exceptional properties in desirable locations and with reasonably calculated pricing strategies continue to receive multiple offers with bid prices well above asking price (indeed, multiple offers are quite common on such homes), coupled with short contingencies. I expect that this will continue in 2016.

There are currently just 34 single family homes listed in Mill Valley. This is actually a fairly good amount of inventory for this time of year and gives an absorption rate of about 4 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):

  • 70% of homes below $1 million;
  • 47% of homes between $1 million and $1.5 million;
  • 0% of homes between $1.5 million and $2 million;
  • 17% of homes between $2 million and up.

Of the 8 homes that sold in February 2016:

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

MLS Listings in 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 Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Top Agent (January 2016) Mill Valley Real Estate Report | Pacific Union

January 7, 2016

Mill Valley Real Estate Report (January 2016 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). For the unaquainted, Mill Valley (just north of the Golden Gate Bridge, across the bay from San Francisco) is widely considered one of the most desirable towns in the Bay Area. Affluent buyers from all walks of life live and thrive here. December 2015 was a very active month for home sales — there were 27 trades, which is nearly double the number of home sales recorded in December 2014 (there were just 15). The average sales price of approximately $1.895 million, was also a bit higher than 2014. In fact, virtually every metric used to assess the strength of a given market trended positive. The sold properties of December 2015 averaged 2,414 square feet at $787 per sq. ft. (in 2014, the average size and price per foot were 2,399 square feet and $726 per sq. ft.). As pricing increased significantly over the past couple of years, Mill Valley home buyers have not been deterred. Exceptional properties in desirable locations and with reasonably calculated pricing strategies continue to receive multiple offers with bid prices well above asking price (indeed, multiple offers are quite common on such homes), coupled with short contingencies. I expect that this will continue in 2016.

There are currently just 10 single family homes currently listed in Mill Valley. This incredibly low inventory reflects the time of year, but nonetheless renders a whisper thin absorption rate of about 11 days (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 in my analyses):

  • 43% of homes below $1 million;
  • 53% of homes between $1 million and $1.5 million;
  • 50% of homes between $1.5 million and $2 million;
  • 38% of homes between $2 million and up.

Of the 28 homes that sold in December 2015:

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

MLS Listings in 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 Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Top Agent Mill Valley Real Estate Report (September 2015 Home Sales Update) | Pacific Union

September 6, 2015

Mill Valley Real Estate Report (September 2015 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). The number of homes sales in August 2015 in Mill Valley, CA (we had 28 home sales) reflected the normal slowdown associated with home sales during the Summer in Marin County. The average sales price of approximately $1.429 million, was also a bit lower than what we had seen earlier in the year for Mill Valley homes. The sold properties averaged about 2,113 sq. ft. (or about $752 per sq. ft.). As pricing increased over the past couple of years, it has become evident that Mill Valley home buyers have become somewhat less enthusiastic about home prices. Nonetheless, even during the end of the peak buying season, properties in desirable locations and with reasonably calculated pricing strategies continue to receive multiple offers with bid prices well above asking price (indeed, multiple offers are quite common on such homes), coupled with short contingencies.

There are currently just 27 single family homes currently active on the market in Mill Valley, rendering a whisper thin absorption rate of less than 1 month supply of inventory (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 in my analyses):

  • 43% of homes below $1 million;
  • 53% of homes between $1 million and $1.5 million;
  • 50% of homes between $1.5 million and $2 million;
  • 38% of homes between $2 million and up.

Of the 28 homes that sold in August 2015:

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

MLS Listings in 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 Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

Mill Valley Real Estate Report (July 2015 Home Sales Update) | Pacific Union

July 2, 2015

Mill Valley Real Estate Report (July 2015 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). The number of homes sales in June 2015 in Mill Valley, CA was quite strong with 38 trades. Combined with an average sales price of approximately $1.84 million, it was a good month for sellers of Mill Valley homes. The sold properties averaged about 2,357 sq. ft. (or about $788 per sq. ft.). As prices have risen, it has become evident that Mill Valley home buyers have become somewhat less enthusiastic about home prices. Nonetheless, even during the end of the peak buying season, properties in desirable locations and with reasonably calculated pricing strategies continue to receive multiple offers with bid prices well above asking price (indeed, multiple offers are quite common on such homes), coupled with short contingencies.

There are currently just 43 single family homes currently active on the market in Mill Valley, rendering a very low absorption rate of just about 1 month supply of inventory (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 in my analyses):

  • 53% of homes below $1 million;
  • 50% of homes between $1 million and $1.5 million;
  • 27% of homes between $1.5 million and $2 million;
  • 26% of homes between $2 million and up.

Of the 30 homes that sold in June 2015:

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

MLS Listings in 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 Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

Mill Valley Real Estate Report (April 2015 Home Sales Update) | Pacific Union

April 30, 2015

Mill Valley Real Estate Report (April 2015 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). March 2015 sales in Mill Valley, CA shot upwards, more than doubling the prior month’s number of trades. During March 2015, Mill Valley had 30 single family home sales compared to 14 in March. Not only was the number of sales higher, but so were the prices of homes sold (up from $1.76 million to $1.9 million). The properties averaged about 2,404 sq. ft. (or about $789 per sq. ft.). As prices have risen, it has become evident that Mill Valley home buyers have become somewhat less enthusiastic about home prices. Nonetheless, during the peak buying season, properties in desirable locations and with reasonably calculated pricing strategies continue to receive multiple offers with bid prices well above asking price (indeed, multiple offers are quite common on such homes), coupled with short contingencies.

There are 49 single family homes currently active on the market in Mill Valley. The current absorption rate in Mill Valley is low with just over 1.5 months of inventory (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 in my analyses):

  • 65% of homes below $1 million;
  • 53% of homes between $1 million and $1.5 million;
  • 36% of homes between $1.5 million and $2 million;
  • 23% of homes between $2 million and up.

Of the 30 homes that sold in March 2015:

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

MLS Listings in 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 Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

Mill Valley Real Estate Report (March 2015 Home Sales Update) | Pacific Union

March 22, 2015

Mill Valley Real Estate Report (March 2015 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). Similar to Mill Valley January’s slow real estate sales environment, February 2015 continued in that vein. During February 2015, Mill Valley experienced just 14 single family home sales. While the number of sales was low, however, the prices of homes sold rose dramatically. These homes sold for an average price of $1.769 million — up nearly $500,000 from January’s 1.285 million. The properties averaged 2,492 sq. ft. (or about $710 per sq. ft.). Over the past few months, as prices have risen, it has become evident that Mill Valley home buyers have become somewhat less enthusiastic about home prices. Nonetheless, properties in desirable locations and with reasonably calculated pricing strategies continue to receive multiple offers with bid prices well above asking price (indeed, multiple offers are becoming more common on such homes), coupled with short contingencies.

There are 33 single family homes currently active on the market in Mill Valley (up from 19 last month). The current absorption rate in Mill Valley is low with just over 2 months of homes (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 in my analyses):

  • 58% of homes below $1 million;
  • 55% of homes between $1 million and $1.5 million;
  • 45% of homes between $1.5 million and $2 million;
  • 52% of homes between $2 million and up.

Of the 14 homes that sold in February 2015:

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

MLS Listings in 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 Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

Mill Valley Real Estate Report (February 2015 Home Sales Update) | Pacific Union

February 14, 2015

Mill Valley Real Estate Report (February 2015 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). After a fairly slow second half of 2014, January sales continued that trend. In January 2015, Mill Valley accounted for just 12 single family home sales. These homes sold for an average price of $1.285 million. The properties averaged 1,853 sq. ft. (or about $730 per sq. ft.). As prices have risen, it has become evident that Mill Valley home bueyrs have become somewhat less enthusiastic about home prices. Nonetheless, properties in desirable locations and with reasonably calculated pricing continue to receive multiple offers with bid prices well above asking price (although multiple offers are now not nearly as common as early in 2014), coupled with short contingencies.

There are just 19 single family homes currently active on the market in Mill Valley. The current absorption rate in Mill Valley is low with just over 1 month of homes (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 in my analyses):
■56% of homes below $1 million;
■55% of homes between $1 million and $1.5 million;
■57% of homes between $1.5 million and $2 million;
■36% of homes between $2 million and up.

Of the 15 homes that sold in January 2015:
■9 homes were under $1.5 million;

■3 homes priced from $1.5 million and up.

MLS Listings in 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 Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

Mill Valley Real Estate Report (January 2015 Home Sales Update) | Pacific Union

January 14, 2015

Mill Valley Real Estate Report (January 2015 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). After a fairly slow second half of the year, December sales were also quite limited — likely due in equal parts to the natural lull in the selling cycle at year end and the continuing lack of homes for sale. In December 2014 Mill Valley accounted for just 15 single family home sales. These homes sold for an average price of $1.776 million. The properties averaged 2,339 sq. ft. (or about $726 per sq. ft.). Comparing these numbers to past market updates, one can see that the dramatic rise in sale prices experienced in 2012 and 2013 has leveled out. Brokers and agents alike are noting waning buyer enthusiasm levels due in large part to the quick and seemingly unabated rise in Mill Valley home prices. Nonetheless, properties in desirable locations and with reasonably calculated pricing continue to receive multiple offers with bid prices well above asking price (although multiple offers are now not nearly as common as early in 2014), coupled with short contingencies. This momentum extends beyond just the entry level homes and int the luxury segment over $2 million. In fact, we had 4 homes sell for over $2 million in December 2014.

There are just 17 single family homes currently active on the market in Mill Valley. The current absorption rate in Mill Valley is a very low 1 month (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 in my analyses):
■64% of homes below $1 million;
■36% of homes between $1 million and $1.5 million;
■67% of homes between $1.5 million and $2 million;
■0% of homes between $2 million and up.

Of the 15 homes that sold in December 2014:
■9 homes were under $1.5 million;

■6 homes priced from $1.5 million and up.

MLS Listings in 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 Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

Mill Valley Real Estate Report (November 2014 Home Sales Update) | Pacific Union

November 21, 2014

Mill Valley Real Estate Report (November 2014 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). After a fairly slow Summer sales season, due in part to the natural lull in the selling cycle, the post Labor Day sales season picked up some, but felt soft and uninspired. As for October sales, Mill Valley experienced 37 single family home sales. These homes sold for an average price of $1.571 million. The properties averaged 2,290 sq. ft. (or about $693 per sq. ft.). Comparing these numbers to past market updates, one can see a dramatic rise in both sale prices and price per foot over the past year. Brokers and agents alike are noting waning buyer enthusiasm levels due in large part to the quick and seemingly unabated rise in Mill Valley home prices over the past 24 months. Nonetheless, properties in desirable locations and with reasonably calculated pricing continue to receive multiple offers with bid prices as much as 10% above asking price (although multiple offers are now not as common as early in 2014), coupled with short contingencies. This momentum extends beyond just the entry level homes and int the luxury segment over $2 million. In fact, we had 8 homes sell for over $2 million in October 2014 (compared with just 3 homes in August 2014).

There are just 46 single family homes currently active on the market in Mill Valley. The current absorption rate in Mill Valley is a very low 1.5 months (6 months is considered “balanced”).

Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:
■40% of homes priced under $800,000;
■46% of homes between $801,000 and $1 million;
■47% of homes between $1 million and $1.5 million;
■22% of homes between $1.5 million and $2 million;
■14% of homes between $2 million and up.

Of the 37 homes that sold in October 2014:
■4 homes were priced under $800,000;
■19 homes priced from $800,000 to $1.5 million; and
■14 homes priced from $1.5 million and up.

MLS Listings in 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 Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.

Kyle Frazier, Pacific Union Int'l

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