Top Agent Mill Valley Real Estate Report (September 2015 Home Sales Update) | Pacific Union
Top Agent Mill Valley Real Estate Report (September 2015 Home Sales Update) | Pacific Union (click HERE for a video about Mill Valley). The number of homes sales in August 2015 in Mill Valley, CA (we had 28 home sales) reflected the normal slowdown associated with home sales during the Summer in Marin County. The average sales price of approximately $1.429 million, was also a bit lower than what we had seen earlier in the year for Mill Valley homes. The sold properties averaged about 2,113 sq. ft. (or about $752 per sq. ft.). As pricing increased over the past couple of years, it has become evident that Mill Valley home buyers have become somewhat less enthusiastic about home prices. Nonetheless, even during the end of the peak buying season, properties in desirable locations and with reasonably calculated pricing strategies continue to receive multiple offers with bid prices well above asking price (indeed, multiple offers are quite common on such homes), coupled with short contingencies.
There are currently just 27 single family homes currently active on the market in Mill Valley, rendering a whisper thin absorption rate of less than 1 month supply of inventory (6 months is considered “balanced”). Below are the percentages of homes in escrow in each of Mill Valley’s major price bands (note that due to increased prices, I have eliminated the “under $800,000″ price level in my analyses):
- 43% of homes below $1 million;
- 53% of homes between $1 million and $1.5 million;
- 50% of homes between $1.5 million and $2 million;
- 38% of homes between $2 million and up.
Of the 28 homes that sold in August 2015:
- 20 homes were under $1.5 million;
- 8 homes priced from $1.5 million and up.
MLS Listings in Homestead Valley, Boyle Park, Middle Ridge and Strawberry neighborhoods generated the most calls and showings this past month. If you would like me to run the exact numbers for your Mill Valley neighborhood or if you have any questions about Mill Valley schools or its many delightful communities, just give me a call at (415) 350-9440. My name is Kyle Frazier. I am a Top Agent, J.D., Broker, Realtor, Certified Residential Specialist (CRS), and a Certified Luxury Home Marketing Specialist (CLHMS), with Christie’s Great Estates | Pacific Union International Real Estate. It is always my pleasure to be of service.
