March 2018 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union

March 15, 2018

March 2018 Mill Valley Home Sales Update | Top Agent Real Estate Report | Pacific Union. Last month in this space, I asked “How to buy a Mill Valley home in 2018?” The answer for those who bought in February 2018 focused mostly on bringing a lot of money. And throwing some excellent in terms into mix, as well. Marin County’s touchstone town, Mill Valley has become a very trendy place to live. Although I saw a guy wearing a t-shirt the other day that said “Bring Mill Valley back to Mill Valley.” Guessing he’s not the only one who feels that way.

Located just north of the iconic Golden Gate Bridge and home to just 14,000 residents, Mill Valley is widely considered one of the most desirable small towns in the entire Bay Area  (click HERE for a video about Mill Valley). Affluent buyers from all walks of life are drawn to Mill Valley’s mellow vibe, low crime, good schools (Tamalpais Union HSD is one California’s top High School Districts), excellent outdoor opportunities (Muir Wood, Mt. Tam, and Stinson Beach) and welcoming downtown shopping district with great restaurants and cafes.millparks125x250

February 2018  home sale numbers (we had 16 trades) were mostly limited by the rarity of listings and time of year. Inventory of homes for sale remains the biggest challenge for buyers. The average sales price of $2. 149 million was up almost $1 million over the prior month (shedding light on just how misleading month-to-month housing stats can be. Nonetheless, it reflects the upward trend of prices generally seen in Southern Marin. The sold properties of February 2018 averaged 2,529 square feet at $969 per sq. ft. Despite ongoing upward price movement, Mill Valley home buyers continue acting quickly (and with very strong terms) when exceptional properties in desirable locations hit the market. Multiple offers remain common on such homes, coupled with short contingencies. I expect that this will continue through the first half of 2018 — buyer and agent home preparation activity so far in 2018 has been very high.

News Flash: I have a new listing coming up in Homestead Valley. It features a newly renovated Kitchen, private location, 5 beds, 2.5 baths and 2-car garage. Price to be $2,499,000. Call me if interested. This has not been shared with my networking groups yet.

There are currently just 29 single family homes listed for sale in Mill Valley. Mill Valley’s current absorption rate is less than 2 months (4-6 months is considered a “balanced” market). This is about the tightest market I have seen in my 15 years in Marin real estate. Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:

  • 43% of homes below $1 million;
  • 65% of homes between $1 million and $1.5 million;
  • 50% of homes between $1.5 million and $2 million;
  • 20% of homes between $2 million and up.

Of the 16 homes that sold in February 2018:

  • 5 homes were under $1.5 million;
  • 11 homes priced from $1.5 million and up.

MLS Listings in Sycamore Park, Tam Park, 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 Pacific Union International Real Estate. It is always my pleasure to be of service.

Mill Valley Top Agent Real Estate Report (December 2016 Home Sales Update) | Pacific Union

December 17, 2016

Mill Valley Top Agent Real Estate Report (December 2016 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). Many consider Mill Valley to be Marin County’s shining jewel (it is a truly special place). A small town with about 14,000 people and sitting a couple miles north of the Golden Gate Bridge, just past world famous Sausalito, Mill Valley is widely considered one of the most desirable towns in the Bay Area. Affluent buyers from all walks of life are drawn to Mill Valley’s laid back vibe, low crime, good schools and welcoming downtown shopping district. November 2016 was a relatively slow month for real estate sales with just 16 homes sold (of course, the low inventory levels limit the number of sales). The average sales price of approximately $1.82 million reflects the upward trend of prices in Southern Marin. The sold properties of November 2016 averaged 2,696 square feet at $719 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 into 2017.

There are currently just 27 single family homes listed for sale in Mill Valley. Mill Valley’s current absorption rate is just under 2 months (5-6 months is considered a “balanced” market). 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 as there are very few such homes avaialble):

  • 50% of homes below $1 million;
  • 57% of homes between $1 million and $1.5 million;
  • 64% of homes between $1.5 million and $2 million;
  • 25% of homes between $2 million and up.

Of the 17 homes that sold in November 2016:

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

MLS Listings in Sycamore Park, Tamalpais Park, Boyle ParkMiddle Ridge and Strawberryneighborhoods 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, 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 (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 (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 (August 2013 Home Sales Update) | Pacific Union

September 6, 2013

Mill Valley Real Estate Report (August 2013 Home Sales Update) | Pacific Union. The Mill Valley, CA real estate market continues to ascend to heights not seen for years. In July 2013, 43 single family homes sold. These properties traded on average for $1.27 million and averaged 2,170 sq. ft. (or about $638 per sq. ft.). Comparing these numbers to past market updates, it is readily apparent that we are seeing a spike in both sale prices and price per foot. Like all towns in Marin County, California (San Francisco’s “North Bay” region), the number of Mill Valley home sales is suppressed by low number of homes for sale — buyers are out there, but they have few options. Multiple offer situations remain common when it comes to fairly priced homes under $1.5 million. My team has come to expect up to 15 offers for homes in the lower end. This momentum extends from the entry level (where investors are very actively pursuing a purchase and rent strategy) to the luxury segment over $2 million.

As noted in virtually all of my market reports thus far in 2013, the number of listings actively on the market in Mill Valley is best characterized as being at a point of scarcity. Entering the post Labor Day market (when things usually pick up in Marin County), there are still just 45 single family homes currently active on the market in all of Mill Valley. The absorption rate in Mill Valley currently 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:
■69% of homes priced under $800,000;
■82% of homes between $801,000 and $1 million;
■31% of homes between $1 million and $1.5 million;
■25% of homes between $1.5 million and $2 million;
■12% of homes between $2 million and up.

Of the 43 homes that sold in July 2013:
■4 homes were priced under $800,000;
■31 homes priced from $800,000 to $1.5 million; and
■8 homes priced from $1.5 million and up.

MLS Listings in Tam Valley, Sycamore Park, Boyle Park, 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 (July 2013 Home Sales Update) | Pacific Union

August 1, 2013

Mill Valley Real Estate Report (July 2013 Home Sales Update) | Pacific Union. The Mill Valley, CA real estate market is reaching heights not seen for years (5 years, to be exact) with 33 single family home sales in June 2013. These properties sold for an average price of about $1.4 million and averaged 2,222 sq. ft. (or about $625 per sq. ft.). If you arecomparing these numbers to past market updates, you will quickly note the spike in sales prices and price per foot. Like all towns in Marin County, California (San Francisco’s “North Bay” region), the number of Mill Valley home sales are being held back by a sheer lack of homes for sale — buyers are eager to buy, but they have few options. Multiple offer situations are very common when it comes to fairly priced homes. My team has come to expect up to 15 offers for homes in the lower end. This momentum extends from the entry level (where investors are very actively pursuing a purchase and rent strategy) to the luxury home price points — case in point: we have 5 luxury homes in escrow over $2 million in Mill Valley. This market segment was flat-lining for a couple of years.

As noted in virtually all of my market reports thus far in 2013, the number of listings actively on the market in Mill Valley is best characterized as being at a point of scarcity. As we move through the traditionally slow Summer months, there are only 31 single family homes currently active on the market in all of Mill Valley. The absorption rate in Mill Valley currently stands at just a shade UNDER 1 month (6 months is considered “balanced”).

Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:
■56% of homes priced under $800,000;
■33% of homes between $801,000 and $1 million;
■32% of homes between $1 million and $1.5 million;
■30% of homes between $1.5 million and $2 million;
■23% of homes between $2 million and up.

Of the 33 homes that sold in June 2013:
■3 homes were priced under $800,000;
■20 homes priced from $800,000 to $1.5 million; and
■10 homes priced from $1.5 million and up.

MLS Listings in Tam Valley, Sycamore Park, Boyle Park, 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.

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