Mill Valley Real Estate Report (Pacific Union January 2011 Home Sales Update)

January 3, 2011

December 2010 home sales in Mill Valley totaled 20. These trades sold for an average price of $1,149,219 and averaged 2,364 sq. ft. (or about $491 per sq. ft.).  The end of 2010 saw a heightened sense of security from buyers of homes in the bread-and-butter Mill Valley price range of $1.5 million to $2 million. We had 6 such sales and another 5 between $1 million and $1.5 million. The number of listings actively on the market in the MLS a very low 64 — most sellers took their homes off the market as Winter set in. Inventory will increase again beginning in February and peak in May or June. It will be interesting to see how sales play out in Q1 as it appears that bonuses for employees working in the San Francisco financial sector may spur luxury sales in our highly desirable city.

The percentage of homes in escrow:

  • Under $800,ooo — 38%
  • $800,000 to $1 million — 21%
  • $1 million to $1.5 million — 30%
  • $1.5 million to $2 million — 21%
  • Above $2 million — 10%

Listings in Homestead Valley and Sycamore Park generated the most calls this month.

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 2011. Please contact me to determine if any of these opportunities fit your needs. I am also a member of the 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 at Kyle@ImagineMarin.com. It is always my pleasure to be of service. Christie’s Great Estates | Pacific Union International.