Christie’s Great Estates Mill Valley Real Estate Report (September 2010 Home Sales Update)

Overall, the number of home sales in Mill Valley last month (August 2010) totaled 15 and gave rise to the following averages: an average price of $995,933 and approximately 1,888 sq. ft. (or about $523 per sq. ft.). Note that the price per square foot number is prone to wild swings from month to month. For example, a few months ago, the price per square foot was $640 in Mill Valley. This is because the composition of sales varies from month to month — at best, price per square foot is a blunt instrument. Last month there were a number of sales (over half) in the under $800K price band (entry level). As is typical this time of year the number of listing has risen dramatically as sellers make an attempt to get their homes sold this year prior to the onset of the rainy season in mid to late November. This rise in inventory creates a corresponding drop in the percentage of homes in escrow, which is about 15% for homes between $1 mil. and $2 mil. Listings in Sycamore Park, Homestead Valley and Country Club 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 [email protected]. I currently have several clients who want to sell, but are waiting in the wings. Please contact me to determine if any of these opportunities fit your needs. I am also a member of the 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 at [email protected].It is always my pleasure to be of service. Christie’s Great Estates | Pacific Union International.