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 (April 2013 Home Sales Update) | Pacific Union

April 10, 2013

Mill Valley Real Estate Report (April 2013 Home Sales Update) | Pacific Union.  The Mill Valley, CA real estate market has found its way again — the velocity of home sales in March 2013 doubled over February’s figure (up from a ho-hum 15, to an incredible 32). These properties sold for an average price of about $1.143 million and averaged 1,856 sq. ft. (or about $583 per sq. ft.). Like all towns in Marin County (part of what is referred to as San Francisco’s “North Bay” region), Mill Valley home sales continue to be slowed only by a lack of sellers — buyers are everywhere! Multiple offer situations are common with fairly priced homes that come to market. My team has come to expect up to 15 offers in certain price ranges. This momentum extends from the entry level (where investors are very actively pursuing a purchase and rent strategy), but also at luxury levels — 5 homes in currently under contract over $2 million in Mill Valley. Last year, many of these homes were not finding buyers.

As noted in recent market reports (for the past 6 months), the number of listings actively on the market in Mill Valley has decreased to the point of scarcity. As we enter the prime selling season, there are only 44 properties on the market in all of Mill Valley,CA. The absorption rate in Mill Valley currently stands at just a shade over 1 month (6 months is considered “balanced”).

Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:
■52% of homes priced under $800,000;
■81% of homes between $801,000 and $1 million;
■48% of homes between $1 million and $1.5 million;
■64% of homes between $1.5 million and $2 million;
■18% of homes between $2 million and up.

Of the 32 homes that sold in March 2013:
■10 homes were priced under $800,000;
■16 homes priced from $800,000 to $1.5 million; and
■6 homes priced from $1.5 million and up.

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

March 21, 2013

Mill Valley Real Estate Report (March 2013 Home Sales Update) | Pacific Union International. The Mill Valley, CA real estate market continues to climb out of the the real estate downturn — our number of home sales in February 2013 was an impressive 15. These properties sold for an average price of about $1.124 million and averaged 2,013 sq. ft. (or about $599 per sq. ft.). Like all towns in Marin County (San Francisco’s North Bay), Mill Valley home sales are being supressed by an unprecedented lack of homes for sale. The lack of inventory and once-in-a-lifetime constellation of favorable factors for buyers is resulting in multiple offers for most properties that come to market. I have recently experienced several homes with over 15 offers. The momentum is not only present in the entry level (where investors are very actively pursuing a purchase and rent strategy), but also (increasingly) at higher price points — currently we have 5 homes in escrow which are priced over $2 million in Mill Valley. Until very recently, these homes were not finding buyers. The trickle up phenomenon (e.g., buyers buying up after selling their homes) and year end bonuses are both factors in this price point.

As noted in my market reports, the number of listings actively on the market in Mill Valley has decreased to the point of extreme scarcity. Even though we are quickly approaching the prime selling season, there are only 35 homes on the market in all of Mill Valley,CA as of this writing. The absorption rate in Mill Valley currently stands at just a shade over 2 months (6 months is considered “balanced”).

Below are the percentages of homes in escrow in each of Mill Valley’s major price bands:
■82% of homes priced under $800,000;
■83% of homes between $801,000 and $1 million;
■57% of homes between $1 million and $1.5 million;
■36% of homes between $1.5 million and $2 million;
■26% of homes between $2 million and up.

Of the 23 homes that sold in February 2013:
■3 homes were priced under $800,000;
■10 homes priced from $800,000 to $1.5 million; and
■2 homes priced from $1.5 million and up.

Homes in Sycamore Park, Boyle Park, Tam Valley, 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 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 (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 Real Estate Report (Pacific Union July 2011 Home Sales Update)

July 31, 2011

June 2011 home sales in Mill Valley rose to 35 trades (up from 28 in May). These properties sold for an average price of $1.245 million and averaged 2,365 sq. ft. (or about $547 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.

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 — 35%
  • $800,000 to $1 million — 29%
  • $1 million to $1.5 million — 22%
  • $1.5 million to $2 million — 22%
  • Above $2 million — 10%

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 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.

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