Mill Valley Real Estate Update & Market Report, June 2008

While much of Marin experiences a seasonal indolence this time of year (a.k.a. the Summer selling season), Mill Valley’s sales numbers continue to skirt the stratosphere. What can I say? Mill Valley can stand up toe-to-toe with any micro-market one can point to. As noted in my reports over the years, Mill Valley is simply one of the most desirable and highly sought-after communities in Marin–and for good reason (click HERE for last month’s report and 8 solid reasons we love Mill Valley).  

The number of homes for sale in Mill Valley was slightly up this month and the percentage of homes in escrow rose in the bread and butter price band ($1 million to $1.5 million). Predictably, 53% of homes priced under $800,000 and 33% 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 again reflect that. Mill Valley’s inventory of single family homes for sale is about 110 homes currently on the market (there were 104 in May 2008). Mill Valley homes that sold during the past month averaged 80 days on the market and sold for an average price of about $1.747 million (about $697 per square foot), and averaged about 2,533 square feet.  

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 (Kyle Frazier, Realtor) a call at (415) 350-9440 or e-mail me at [email protected].