Mill Valley Real Estate Market Report (April 2008 Home Sales Update)

Ah, Spring in Mill Valley. The new leaves. The fragrant flowers. Smiles…. Bliss. And for buyers and sellers of homes in one of the Bay Area’s premier locations, it is time to move. As always, the commute to San Francisco from Mill Valley via the Golden Gate Bridge (a short 5-10 minutes), along with the excellent Mill Valley schools, pleasant weather and laid back ambiance provides ample motivation for San Francisco professionals to relocate to Marin County. Indeed, Mill Valley is THE place people thinking of moving out of San Francisco generally start with when they decide to buy a home in Marin County.

Despite the recent wave of new listings coming on the market, the percentage of homes in escrow has risen in most price bands. Agents are noting a sense of purpose in the market. Mill Valley’s inventory of single family homes for sale has to 116 homes currently on the market (there were 76 in March 2008). Mill Valley homes that sold during the past month (there were 12 sales) averaged a mere 35 days on the market and sold for an average price of about $1.579 million (about $738 per square foot), and averaged about 2,096 square feet.  

Homes in Sycamore Park, Middle Ridge, 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 [email protected].