Mill Valley Real Estate Report (June 2012 Home Sales Update) | Pacific Union International

July 2, 2012

Mill Valley, California real estate sales slowed during the month of May 2012 — we experienced 30 trades (down from 34 in April 2012). These properties sold for an average price of $1.143 million and averaged 1,950 sq. ft. (or about $574 per sq. ft.).  While, similar to the rest of Marin, low inventory of homes for sale continues to slow the pace of sales, pricing remains the key ingredient determining buyer interest levels and salability. Despite the low inventory, buyers continue to insist on readily apparent and undeniable value. If they don’t see it in a particular property, they are willing to wait. The number of listings actively on the market in the MLS has decreased to the point of extreme scarcity. In fact, because of the low inventory, virtually every home that comes to the MLS receives multiple offers (unless priced above true market value) — anecdotal tales of froth in the market include homes with 5 to 15 offers over the past couple of months.

As is evidenced by recent market data, real estate forecasts, and buyer demand, the overall picture for Mill Valley, CA real estate has improved dramatically over the past 6-8 months. One of the most promising metrics is the upswing in sales in Mill Valley’s “wheelhouse” price bracket of $1.25 mil to $1.75 mil. For many, many months, sales in this traditionally strong price bracket were dormant. Yet last month alone, 15 trades took place in this range. I anticipate greater activity in the months to come.

The percentages of home in escrow are:

  • up to $800K — 70%
  • $800-$1 mil — 58%
  • $1 mil to $1.5 mil — 55%
  • $2mil. & Up — 22%

Listings in Strawberry, Homestead Valley, Sycamore 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 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.

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

June 29, 2011

May 2011 home sales in Mill Valley held steady with 28 trades (up from 13 in January!). These properties sold for an average price of $1.058 million and averaged 1,952 sq. ft. (or about $552 per sq. ft.).  Pricing remains the key ingredient determining buyer interest. Buyers insist on apparent and undeniable value. If they don’t see it in a property, they are willing to wait it out. Now, more than ever, is the time for sellers to be very careful about who they have negotiating for them — poor negotiating by “say anything” agents can result in losses of tens or hundreds of thousands of dollars.

The number of listings actively on the market in the MLS has increased as we enter the slower Summer season to 122. The percentage of homes in escrow:

  • Under $800,ooo — 39%
  • $800,000 to $1 million — 30%
  • $1 million to $1.5 million — 25%
  • $1.5 million to $2 million — 24%
  • Above $2 million — 4%

Listings in Strawberry, Boyle Park and Homestead 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 2011. 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 Great Estates | Pacific Union International Mill Valley, CA.

Mill Valley, California (Public Schools)

October 3, 2008

Our Mill Valley public schools are fantastic. From test scores to parental involvement, there is a high level of performance and acheivement. Click on the links below to learn more about Mill Valley schools.

School
Principals Maps Contacts
Edna Maguire School Lisa Zimmer 80 Lomita Dr. Mill Valley 94941 389-7733
Mill Valley Middle School Matt Huxley, PrincipalAnna Lazzarini, Asst. Principal 425 Sycamore Ave. Mill Valley 94941 389-7711
Old Mill School
Jane McDonough 352 Throckmorton Ave. Mill Valley 94941 389-7727
Park School Peg Minicozzi 360 East Blithedale Ave. Mill Valley 94941 389-7735
Strawberry Point School Leslie Thornton 117 E. Strawberry Drive Mill Valley  380-2490
Tam Valley School Gail van Adelsberg 350 Bell Lane, Mill Valley 94941 389-7731
Tamalpais High School Tom Drescher 700 Miller Avenue, Mill Valley 94941 380-3510

For a complete report covering the performance of all Marin County: Star Report (Marin Test Scores).

Which School Will My Child Go To?
While parents have the opportunity to state a preference for a particular school, actual placement, is dependent on the following criteria:
Siblings of currently enrolled students residing in the District are considered residents of the sibling’s school and will be enrolled in that school if they wish and if there is space. 
For new students, assignment occurs in the following priority order:

  • District placement needs (including facility capacities and class sizes across grade levels and schools; identified special education needs)
  • Facility capacity
  • Class sizes
  • Proximity of residence to the preferred school
  • Interdistrict attendance

What if My Child Does Not Get Into the Preferred School?
When demand exceeds capacity a waiting list is established and parents may exercise their option to have their child’s name placed on the list.  Additional placements in a school may be taken from the waiting list but may not be made until August. 
Questions? Call 415.389.7700.

Cascade Canyon (Mill Valley Neighborhoods Description)

September 16, 2008

Heading west from Downtown Mill Valley on Throckmorton you will come across Old Mill Park on the left (Old Mill School is on the right). Head into the park and you will then run into Cascade Drive, which winds its way through the trees and along the creek way up into the hills.

This is delightful Cascade Canyon. It is supremely picturesque and a hot area for real estate. Tall redwoods, lots of trails, parkland, and the prototypically narrow Mill Valley streets are all present here.

Many homes are just a short walk to downtown. Many other homes are way up in the hills–the ultimate in privacy.

Middle Ridge (Mill Valley Neighborhoods Description)

September 16, 2008

Location. Location. Location. Middle Ridge (the community inhabiting the ridge between Blithdale and Cascade Canyons) is considered by many locals to be one of Mill Valley, California’s most desirable neighborhoods. It is known for being warm and sunny, with some outstanding views of the Bay and of San Francisco. It is just a few short blocks from downtown and many of Mill Valley’s finest homes are situated here.

Marin Luxury Homes (September 2008)

September 14, 2008

The number of homes for sale in the $2 million to $4 million luxury home market in Marin County, California rose over the past month to 109, compared to 106 homes in August 2008. The slight rise in inventory coincided with a respectable month of sales with 16 homes sold in August 2008 (down by 4 from July).  

Mill Valley and Ross experienced the most luxury home sales (with 4 of these homes selling in each). Belvedere, Tiburon and Corte Madera each had 2 homes sold and Kentfield and Sausalito had 1 sale each. The average days on market for homes that sold was a mere 95 days (25 days more than in July) and the average sales price was $2.927 million (roughly $875/per sq. ft.), with an average of 3,503 square feet. Belvedere and Tiburon seem to be hot as they each have 6 homes in escrow.

The inventory level in Marin County’s ultra-luxury market (homes priced in the $4 million and up range) receded a bit. There are 40 active listings

[ … click here for the complete report courtesy of NorthBayRE.com].

Community Service Groups

September 4, 2008

There are scores of community service groups and clubs for various activities in Mill Valley and Marin. Below is a list of many of these groups, along with contact information and websites (if available). Marin County is what is because of the hard work and involvement of local people just like you. If you have ideas for any additions to this list, please let Kyle know.

Mill Valley 101

September 3, 2008

Welcome to Mill Valley 101, an introduction to one of the San Francisco Bay Area’s most popular and enriched towns. The allure of Mill Valley has many facets.

It is located just minutes from the iconic Golden Gate Bridge. And Mill Valley’s neighborhoods are diverse and her inhabitants educated. Naturally, the schools of Mill Valley are some of the best in California.

Mill Valley offers a wide variety of outdoor activities. It is just minutes away from the giant redwoods of Muir Woods and the virually unlimited hiking and biking opportunities provided by Mount Tamalpais. Beaches and the San Francisco Bay are in within easy walking or biking distance. There are numerous parks and fields sprinkled throughout the town.

Marin Luxury Homes (August 2008)

August 15, 2008

The number of homes for sale in the $2 million to $4 million luxury home market in Marin County, California fell over the past to 106, compared to 122 homes in July 2008. This time of year is the typical slow season as sellers recalculate their positions, buyers are out of the County on vacations, etc., and a number of agents doze off, waiting for things to pick back up in the Autumn. Indeed, the lower inventory was accompanied by a respectable month of sales with 20 homes sold in July 2008. 

Mill Valley led the way with the most luxury home sales (4 of these homes sold). Tiburon and Larkspur followed with 3 homes sold and Kentfield and San Rafael had 2 sales each. Ross, San Anselmo, and Corte Madera had 1 sale each. The average days on market for homes that sold was a mere 70 days (14 days more than in June) and the average sales price was $2.576 million (roughly $907/per sq. ft.), with an average of 3,083 square feet.

The inventory level in Marin County’s ultra-luxury market (homes priced in the $4 million and up range) also fell–we now have just 46 active listings, compared with 54 last month

 [ … click here for the complete report courtesy of NorthBayRE.com].

Marin Luxury Homes (July 2008)

July 15, 2008

The number of homes for sale in the $2 million to $4 million luxury home market in Marin County, California dipped slightly this month with 121 active listings, compared to 127 homes in June 2008. This reduction in inventory was accompanied by another solid month of sales–26 homes sold (one more than in May 2008). As noted last month, and this bears repeating, while the number of homes sold in the non-luxury market this year compared to last year is down by about 25%-30% (depending on where you look), the luxury market has NOT experienced a similar decline. This is great news for owners of luxury homes in Marin!

Mill Valley and Kentfield led the way with the most luxury home sales (each with 5 homes sold). Belvedere, Larkspur, and San Rafael had 3 sales each. Ross, San Anselmo, and Sausalito had 1 sale. The average days on market for homes that sold was a mere 59 days (8 days less than last month) and the average sales price was just under $2.5 million (roughly $772/per sq. ft.), with an average of 3,353 square feet.

The inventory level in Marin County’s ultra-luxury market (homes priced in the $4 million and up range) rose to 54 active listings, compared with 46 last month. Tiburon, as usual, boasts the largest number of such homes with 19.

[ … click here for the complete report courtesy of NorthBayRE.com].

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