Mill Valley Real Estate Market Report (July 2008 Home Sales Update)
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 (click HERE for 8 Reasons We Love Mill Valley).
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 [email protected].