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 (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.

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

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

September 26, 2014

Mill Valley Real Estate Report (September 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 seems equally uninspired. As for August sales, Mill Valley accounted for just 28 homes sold. This is low. These homes traded on average for $1.326 million and 2,062 sq. ft. (or about $643 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 (although well off July 2014 figures). Buyer enthusiasm seems muted by the rapid rise in pricing from 2013 to 2014. Nonetheless, many properties in desirable locations and with reasonably calculated pricing continue to receive multiple offers with bid prices as much as 10% above asking price, coupled with short contingencies. This momentum extends beyond just the entry level homes and int the luxury segment over $2 million (although we only had 3 homes sell for over $2 million in August 2014, compared with 8 in June).

There are 61 single family homes currently active on the market in Mill Valley. The current absorption rate in Mill Valley is a low 2 months (6 months is considered “balanced”).

Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:
■50% of homes priced under $800,000;
■38% of homes between $801,000 and $1 million;
■37% of homes between $1 million and $1.5 million;
■38% of homes between $1.5 million and $2 million;
■23% of homes between $2 million and up.

Of the 28 homes that sold in September 2014:
■7 homes were priced under $800,000;
■12 homes priced from $800,000 to $1.5 million; and
■9 homes priced from $1.5 million and up.

MLS Listings in Homestead Valley, Boyle ParkMiddle 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.

Kyle Frazier, Pacific Union Int'l

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

July 29, 2014

Mill Valley Real Estate Report (July 2014 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). Summer is typically slow for Mill Valley real estate sales. This year feels like it is no exception. However, as I was writing this last sentence I took a break to review my Mill Valley Real Estate Reports for July going back to 2007 (YES — I have been writing these updates for over 7 years now). What I found is a little surprising — our Mill Valley sales numbers for June 2014 are actually the highest we have seen in that month for at least 7 years. Let’s take a look back:

In July 2007, the year that most Marin County realtors point to as the apex of home sales in Marin, there were 40 sales. This seems interesting as inventory is so low right now and there are so few homes coming to market under $1 million in Mill Valley, which limits buyer activity at this very hot price point in Southern Marin. Other notes from 2007 — A) the average days on market was 50 days (July 2014 was 31 days); B) the average sales price was $1.76 million (July 2014 was $1.68 million); C) the average price per foot was $702 (July 2014 was $744). Seems to me like the housing market has fully recovered in Mill Valley, CA from the dark days of 2009-2012.

Certainly, the result of low interest rates and even lower inventory is brisk home sales. In June 2014, we had 41 single family home sales. These homes traded on average for $1.682 million and averaged 2,285 sq. ft. (or about $744 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. Despite the sudden rise in pricing in 2013, many properties continue to receive utterly extraordinary multiple offers with bid prices as much as 20% above asking price, coupled with short contingencies. This momentum extends beyond just the entry level homes and int the luxury segment over $2 million (we had 8 homes sell for over $2 million in June 2014, compared with 4 in January).

Just 48 single family homes are currently active on the market in all of Mill Valley. The current absorption rate in Mill Valley is very low — it stands at about 1 month (6 months is considered “balanced”).

Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:
■57% of homes priced under $800,000;
■50% of homes between $801,000 and $1 million;
■73% of homes between $1 million and $1.5 million;
■33% of homes between $1.5 million and $2 million;
■13% of homes between $2 million and up.

Of the 41 homes that sold in June 2014:
■2 homes were priced under $800,000;
■22 homes priced from $800,000 to $1.5 million; and
■17 homes priced from $1.5 million and up.

MLS Listings in Homestead Valley, 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.

Kyle Frazier, Pacific Union Int'l

Mill Valley Real Estate Report (September 2011 Home Sales Update) | Pacific Union International

September 27, 2011

August 2011 home sales in Mill Valley rose to 37 trades (pretty strong number considering the Summer is normally very slow for Marin County real estate)). These properties sold for an average price of $1.229 million and averaged 2,328 sq. ft. (or about $530 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 increased as we enter the slower Summer season to 106. The percentage of homes in escrow:

  • Under $800,ooo — 43%
  • $800,000 to $1 million — 31%
  • $1 million to $1.5 million — 37%
  • $1.5 million to $2 million — 11%
  • Above $2 million — 19%

Listings in Strawberry, Boyle Park, Middle Ridge, 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 CA Real Estate Market Report (April 2009 Home Sales Update)

April 16, 2009

Readers of my monthly reports on Mill Valley, CA. are well aware of my love for Mill Valley. They are also among the most informed consumers of Marin real estate (why else would they be reading my blog?). As such, despite my bias favoring Mill Valley, these consumers KNOW that Mill Valley presents serious value — right here, right now. This is true for every price band. 

Here are some numbers to contemplate: (1) just eleven homes sold in Mill Valley last month — a slow market; (2) of the eleven homes that sold, four were priced under $800K; (3) the bread-and-butter price band is experiencing an abysmal 8% to 13% escrow rate; (4) the current absorption rate (AR) for homes in Mill Valley’s sweet spot (homes priced between $1 million and $2 million) is an amazingly high 17.25 months. 

Note to buyers: write offers! A closed mouth does not get fed. Ask and you shall receive. Life happens and people have to sell their homes. Last night on Larry King, Donald Trump said that he has never seen a window of opportunity like this one and that this is the best time to buy real estate he has ever seen. Whatever you think of the source, can you really disagree? Don’t have a down payment? If not, do what it takes and put one together. Interest rates will shoot up at some point, evaporating affordability.

If you would like my Mill Valley Hot List, call or e-mail me: (415) 350-9440 | Kyle@MillValley101.com.  

For several months my Mill Valley, CA, real estate report has noted that the market “is strangely out of sync,” buyers “are taking a few pitches to see what happens,” and I have also aired my suspicions about “undercover buyers” who are ready to buy and want to buy the “right” home. More than ever, I believe this is all true. And all I can say is “write offers.” 

Real Estate Market Chart by Altos Research www.altosresearch.com

As evidenced by the above graph, The median price per square foot has dipped to about $625 per sq. ft. (which is down from well over $800 in mid-2007). While some buyers believe prices may slip a bit more, as noted above, most appreciate the fact that interest rates are very appealing. Indeed, mortgage math punishes those who don’t lock in at or near the lowest rate possible. For example, if prices dip another 5% and interest rates go up just 1%, the monthly payment would increase rather significantly for an $800K home with 20% down (call me for exact numbers relating to a given situation). 

Down from March 2009, the percentage of homes in escrow under $800,000 slipped to 26% (it had been as low as 15% in November 2008). I have a fixer listed in Homestead Valley that is a super value play (3 Beds/3 Baths, 14,000 sq. ft. lot backing Molino Park).

Based on last month’s sales total of eleven, we currently have an overall inventory of homes (AR) sufficient to last about 12 months in Mill Valley, CA.  Overall, the number of homes for sale rose to 122 (way up from 90 a month ago). The number of “bead and butter” homes (those priced between $1 million to $2 million) currently in escrow is a mere 9 — (which is low, but there were just 3 in escrow in February 2009). Meanwhile, the luxury market in Mill Valley (homes from $2 million and up remains drowsy — just a single luxury home closed last month, but there are three currently in escrow. 

Price Range

Total Active Homes

Pending Listings

Up to $750K

14 (up 6)

26%

$750K – $1 mil.

20 (down 7)

20%

$1 mil. – 1.5 mil.

40 (up 7)

9%

$1.5 mil. – $2 mil.

22 (up 7)

8%

$2 mil. – $4 mil.

21 (up 2)

13%

$4 mil. & Up

4 (up 1) 

0% 

Of the 11 sales to close escrow in March 2009, they averaged 119 days on the market and sold for an average price of about $1.25 million with about 2,047 sq. ft. (or about $645 per sq. ft.). Homes in Homestead Valley, Sycamore Park, Middle Ridge, and Strawberry 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. It is always my pleasure to be of service.

p.s. I currently have a couple potential sellers waiting in the wings with homes not on the MLS, please contact me to determine if any of these opportunities fit your needs.

Mill Valley CA. Real Estate Market Report (March 2009 Home Sales Update)

March 11, 2009

For several months my Mill Valley, CA, real estate report has noted that the market “is strangely out of sync,” and that buyers “are taking a few pitches to see what happens,” and I have also aired my suspicians about “undercover buyers” who are ready to buy and want to buy the “right” home. More than ever, I believe this is all true. At Morgan Lane we have about $12 million of closings taking place in the next week or so (and we closed a $4 million Mill Valley deal last month). If we can gather a little wind behind our sails, I believe we will be off to the races. Certainly, sellers seem to grasp the need for aggressive pricing and it appears that attractive new inventory will help drive the market in 2009. 

Real Estate Market Chart by Altos Research www.altosresearch.com

As evidenced by the above graph, The median price per square foot has dipped to about $625 per sq. ft. (which is down from well over $800 in mid-2007). While some buyers believe prices may slip a bit more, most appreciate the fact that interest rates are very appealing. Indeed, mortgage math punishes those who don’t lock in at or near the lowest rate possible. For example, if prices dip another 5% and interest rates go up just 1%, the monthly payment would increase rather significantly for an $800K home with 20% down (call me for exact numbers relating to a given situation). 

Up just a bit from February 2009, the percentage of homes in escrow under $800,000 rose to 43% (it had been as low as 15% in November 2008). Based on last month’s sales total (we had 9 sales in February 2009), we currently have an inventory of homes sufficient to last 10 months in Mill Valley, CA (this is called the absorption rate).  Overall, the number of homes for sale rose to 90 (from 73 in January 2009). The number of “bead and butter” homes (those priced between $1 million to $2 million) currently in escrow is 8 — nearly tripling last month’s number (there were just 3 in escrow last month). Meanwhile, the luxury market in Mill Valley (homes from $2 million and up) continues its sleepy hibernation–just a single luxury home closed last month (the aforementioned $4 million sale) and there none currently in escrow. 

Price Range

Total Active Homes

Pending Listings

Up to $750K

7 (down 5)

43%

$750K – $1 mil.

27 (up 11)

7%

$1 mil. – 1.5 mil.

32 (down 10)

19%

$1.5 mil. – $2 mil.

15 (down 13)

13%

$2 mil. – $4 mil.

19 (up 1)

0%

$4 mil. & Up

3 (up 1) 

0% 

 

Of the 9 sales to close escrow in February 2009, they averaged a low 61 days on the market and sold for an average price of about $1.25 million with about 2,283 sq. ft. (or about $512 per sq. ft, which is down from $518 sq. ft. last month). The numbers from February reflect the fact that 5 of the 9 sales were priced under $1 million (in Mill Valley, these are generally entry level homes). Homes in Homestead Valley, Sycamore Park, Middle Ridge, and Kite Hill continue to be in low supply and high demand. 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. It is always my pleasure to be of service.

p.s. I currently have a couple potential sellers waiting in the wings with homes not on the MLS, please contact me to see if any of these opportunities fit your needs.

Mill Valley Real Estate Market Report (February 2009 Home Sales Update)

February 12, 2009

Mill Valley real estate is strangely out of sync. Those who read my reports regularly will note that recent months have seen buyers make a concerted downshift. It seems that buyers have shifted into first gear (and I apologize in advance, but you are going to need to reconcile metaphors here) and are taking a few pitches in order to gauge the market. While it is looking like there may be an nominally better tax break in the Stimulus Bill, reports indicate we will not see a $15K tax credit. Whatever happens though, I sense that with the elimination of all the uncertainty regarding what the government is planning to do, we will then gather some traction. I know lots of folks are sitting on the sidelines waiting for the “right time” to buy. They will make their move this year as attractively priced new inventory drives the market.

While some buyers believe prices may slip a bit more, most appreciate the fact that interest rates have never, ever been lower (we are back down to 4.75% conforming rates this week). Indeed, mortgage math punishes those who don’t lock in at the lowest rate possible. For example, if prices dip another 5% and interest rates go up just 1%, the monthly payment would increase.

Up just a bit from January 2009, the percentage of homes in escrow under $800,000 rose to 40% (it had been as low as 15% in November). Overall, we currently have enough homes to last 6 months in Mill Valley (this is called the absorption rate). However, if you limit that analysis to homes priced under $1 million, our absorption rate drops to just 3.75 months. Overall, Mill Valley saw an increase in the number of homes for sale (77). Just 3 “bead and butter” homes (those priced between $1 million to $2 million) are currently under contract (there were 7 in escrow last month). Meanwhile, the luxury market in Mill Valley (homes from $2 million and up) continues its long hibernation–a mere one luxury home has an accepted offer in place and just one home in this price band sold last month.

Speaking of sales, we saw 12 Mill Valley home sales close escrow in January 2009. They averaged 148 days on the market and sold for an average price of about $986,000 with about 1,844 sq. ft. (or about $518 per sq. ft). The numbers from January reflect the fact that 8 of the 12 sales were priced under $1 million (in Mill Valley, these are generally entry level homes). Homes in Strawberry, Sycamore Park, Middle Ridge, and Sunnyside continue to be in low supply and high demand. 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. It is always my pleasure to be of service.

Mill Valley Real Estate Market Report (November 2008 Home Sales Update)

November 13, 2008

Like many of us, Mill Valley buyers are doing all they can to busy themselves in an effort to avoid being confronted with the dismal stock market results over the past few weeks. On the bright side, from a real estate perspective, the massive retrenchment taking place on the The Street is resulting in many folks liquidating those assets and looking to place them into an attractive alternative. And as luck would have it, Marin real estate provides a good outlet for these investment dollars. Yet, the market in Mill Valley does not yet reflect the expected uptick in sales numbers at the low end. I would expect that at least 50% of homes under $800,000 in Mill Valley would be in escrow, but that is not the case.
Overall, Mill Valley’s real estate market is cruising through the Autumn with little momentum. The market remains one favoring flexible buyers intent on making sacrifices in order to obtain value. Customarily for this time of year, sellers who don’t need to sell will now wait for the promise of the new year. Yet, I expect this Winter we will see many of the so-called “undercover buyers” (e.g., financially stable people waiting for the “right time” to buy) writing strong offers in an effort to take advantage of the confluence of two factors: (1) the apparent nadir of the market in general; and (2) the Wintertime’s seasonal leverage which favors buyers. I am talking with lots people who fit this profile. Although prices have not receded in Mill Valley quite like those of Novato (click HERE for Novato101.com’s market analysis for November 2008), these “undercover buyers” are eagerly investigating their options.   
Continuing a trend first noted in my September 2008, we are actually seeing a reduction in the percentage of entry level homes in escrow across the board. Interestingly, even the entry level is down to just 15% of homes in escrow (down from 53% in July 2008 and 20% in September 2008). Overall, the number of homes for sale in Mill Valley is down to 101. The vast majority of homes are priced between $1 million to $2 million and just 9 of those homes are currently in escrow. Meanwhile, the luxury market in Mill Valley (homes from $2 million and up) has clearly entered into an early hibernation this year as buyers are stepping back from major purchases during these unsettled economic times. Zero luxury homes are in escrow at the time of this writing–a great environment for portfolio buyers.
 
Mill Valley homes that sold during the past month averaged 98 days on the market and sold for an average price of about $1.443 million and including about 2,185 sq. ft. (about $652 per sq. ft).      

 

Price Range

Total Active Homes

Pending Listings

Up to $800K

11 (down 1)

15%

$800K – $1 mil.

15 (up 3)

12%

$1 mil. – 1.5 mil.

34 (down 8)

11%

$1.5 mil. – $2 mil.

16 (down 12)

20%

$2 mil. – $4 mil.

22 (up 4)

0%

$4 mil. & Up

4 (up 2) 

0% 

 

Homes in Boyle Park, Middle Ridge, Almonte, and Cascade Canyon continue to be in low supply and high demand. If you would like more information, just give me a call at (415) 350-9440 or e-mail me at Kyle@MillValley101.com. It is always my pleasure to be of service.

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