Sycamore Park Restroom Approved

October 27, 2008

The Mill Valley City Council supported plans this week to build a small restroom in Sycamore Park, despite some opposition from neighbors with homes adjacent to the park. The project was unanimously approved by the Parks and Recreation Commission earlier this year at its June 11 meeting, despite objections by Park Terrace residents whose homes border the park.

But, the majority of City Council members expressed sympathy with the larger community need for a restroom. Mayor Shawn Marshall pointed out that many Mill Valley residents travel to parks throughout the city, making a restroom essential. “This is a basic human function,” Marshall said. “It’s really just that simple for me.”

The proposal recommended by the Parks and Recreation Department would install a 7-by-11-foot shed-like restroom that contains a toilet, hand sink and hand dryer. A similar restroom was installed in Tam Valley’s Eastwood Park for about $105,000.

Mill Valley Homes & Real Estate (October 2008)

October 14, 2008

Dear Mill Valley Homeowners– breathe easy. While the economic news is not good, your insightful decision to purchase Mill Valley real estate has likely left you in a good position. While prices tumble in other areas, even in the San Francisco Bay Area, you should, and will be, OK as we are not susceptible to the Fundy Market Phenomenon.

And for buyers with real estate market insight, there are great values out there right now. Indeed, competitively priced Mill Valley homes in desirable neighborhoods are selling quickly. It is a market favoring buyers in all price ranges, but for the entry level.  
 
The number of Mill Valley home sales in September 2008 was down by 2 from August. Yet, while August 2008 experienced a slowdown in the percentage of entry level homes in escrow (e.g., those priced under $800,000), the percentage was back up to 38% in September–in July 2008 that percentage was an astonishing 53%. The $1.5 to $2 million price band is also performing well with 24% of these homes in escrow. 

Currently, we have about 166 homes for sale in Mill Valley (up from 142 homes in September). The preponderance of these homes are priced between $1 million to $2 million–9 are currently in escrow. Meanwhile, the luxury market in Mill Valley is slow with just 2 homes in escrow out of 27. 
 
Mill Valley homes selling in September 2008 averaged 100 days on the market and sold for an average price of about $1.611 million (roughly $806/sq. ft.). As mentioned last month, the low end is hanging tough–there are ONLY 2 homes currently on the market under $750,000.    
 

Price Range

Total Active Homes

Pending Listings

Up to $800K

13 (up 1)

38%

$800K - $1 mil.

25 (up 13)

12%

$1 mil. - 1.5 mil.

49 (up 7)

20%

$1.5 mil. - $2 mil.

29 (up 1)

24%

$2 mil. - $4 mil.

23 (up 5)

9%

$4 mil. & Up

4 (up 2) 

0% 

 

Homes in Boyle Park, Middle Ridge, Homestead Valley, and Sycamore Park 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@NorthBayRE.com. It is always my pleasure to be of service.

Mill Valley Neighborhoods

September 3, 2008

While the prevailing ethos of Mill Valley can be found in all corners, its various neighborhoods each offer something unique.

Mill Valley Homes & Real Estate (July 2008)

July 17, 2008

As Marin experiences its seasonal slowdown this time of year (a.k.a. the Summer selling season), Mill Valley’s sales numbers continue skirting the stratosphere. This is not news to anyone who follows my monthly reports. Mill Valley is simply one of the most desirable communities in Marin and its sales reflect that fact–and for good reason.  

Predictably and in line with May 2008, 57% of homes priced under $800,000 and 26% of homes between $1 million and $1.5 million are in escrow. I have noted in past months that Agents were exhibiting ”a sense of purpose” and the numbers reflect that. Mill Valley’s inventory of single family homes for sale is about 107 homes currently on the market (there were 110 in June 2008). Mill Valley homes that sold during the past month averaged 65 days on the market and sold for an average price of about $1.284 million (about $654 per square foot), and averaged about 2,031 square feet.  

Price Range

Total Active Homes

Pending Listings

Up to $800K

6 (down 3)

57%

$800K - $1 mil.

15 (down 2)

26%

$1 mil. - 1.5 mil.

43 (up 12)

9%

$1.5 mil. - $2 mil.

19 (down 7)

24%

$2 mil. - $4 mil.

21 (down 7)

25%

$4 mil. & Up

3 (up 1) 

0% 

Homes in Sycamore Park, Sunnyside, Kite Hill, Boyle Park, and Cascade Canyon continue to be in low supply and high demand. If you would like me to run the exact numbers on your neighborhood, just give me a call at (415) 350-9440 or e-mail me at Kyle@NorthBayRE.com.

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