Mill Valley Real Estate Report (May 2013 Home Sales Update) | Pacific Union
Mill Valley Real Estate Report (May 2013 Home Sales Update) | Pacific Union. The Mill Valley, CA real estate market is flourishing with 33 single family home sales in April 2013. These properties sold for an average price of about $1.273 million and averaged 2,139 sq. ft. (or about $600 per sq. ft.). Like all towns in Marin County, California (San Francisco’s “North Bay” region), Mill Valley home sales are only dampened by a lack of sellers — buyers are eager to buy, but there are few options. Multiple offer situations are increasingly common with fairly priced homes. My team has come to expect up to 15 offers for homes in the lower end. This momentum extends from the entry level (where investors are very actively pursuing a purchase and rent strategy), but also at luxury levels — as was the case last month, we have 5 homes currently under contract over $2 million in Mill Valley. This market segment was virtually non-existant the last several years.
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