Mill Valley Real Estate Market (Home Sales Report)
The low to mid-level real estate market in Mill Valley is selling at a brisk pace. Mill Valley?s sweet spot (homes in the $1 million to $1.5 million range) are in high demand, with nearly 60% of homes in that price range currently in escrow (similar to last month). There are no homes in Mill Valley under $749K and the homes under $900K tend to be smaller, in poorer condition, in less desirable neighborhoods, and/or located on a steep hill, etc. Homes priced above $2 million in Mill Valley have picked up in recent weeks. Last month 28 homes sold with an average sales price of $1,385,696 ($720/sq. ft.). It took an average of 51 days for those homes to sell. Eleven of the homes were priced between $1 million and $1.5 million.