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.

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

March 23, 2014

Mill Valley Real Estate Report (March 2014 Home Sales Update) | Pacific Union. As we make our run into Mill Valley’s primary selling season, the market remains tormentd by low inventory levels across the board. Reflecting this, we had a very low number of single family home sales in February 2014 — just 17 properties sold (same as January). These homes traded on average for $1.46 million and averaged 2,095 sq. ft. (or about $690 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 with much of the increase taking place early in 2013. Like all towns in Marin County, California (San Francisco’s “North Bay” region), the number of Mill Valley homes sold as sellers continue to show reluctance in bringing homes to market. Multiple offer situations are quite common when it comes to fairly priced homes under $2 million. This momentum extends from the entry level (where entry level buyers are in fierce compeitiotn with investors who are very actively pursuing a purchase and rent strategy) to the luxury segment over $2 million (we had 4 homes sold in January for $2 million+ with another 6 in escrow now).

Climbing into the Spring selling season, just 42 single family homes are currently active on the market in all of Mill Valley (while up from last month, this is still low). The current absorption rate in Mill Valley remains very low — it stands at about 2.5 months (6 months is considered “balanced”).

Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:
■60% of homes priced under $800,000;
■58% of homes between $801,000 and $1 million;
■70% of homes between $1 million and $1.5 million;
■33% of homes between $1.5 million and $2 million;
■24% of homes between $2 million and up.

Of the 17 homes that sold in February 2014:
■2 homes were priced under $800,000;
■9 homes priced from $800,000 to $1.5 million; and
■6 homes priced from $1.5 million and up.

MLS Listings in Boyle Park, Middle Ridge and Strawberry 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 Real Estate Report (October 2011 Home Sales Update) | Pacific Union International

November 11, 2011

September 2011 home sales in Mill Valley dipped to just 21 trades (this is reflective of the traditional slowdown related to Summer — e.g., because few homes go into escrow in August, there are few closings in September). These properties sold for an average price of $1.246 million and averaged 2,344 sq. ft. (or about $539 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 83 homes. This is extraordinarily low inventory even for this time of year.

The percentage of homes in escrow are:

  • Under $800,ooo — 48%
  • $800,000 to $1 million — 19%
  • $1 million to $1.5 million — 25%
  • $1.5 million to $2 million — 13%
  • Above $2 million — 14%

Listings in Sycamore Park, Boyle 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 currently have several clients who want to sell, but are waiting in the wings for Spring 2012. Please contact me to determine if any of these opportunities fit your needs. 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.