The Mill Valley market has really heated up over the past few weeks with the percentage of homes in escrow going up virtually across the board (homes in the $1.25 - $2 million range stayed the same). There are no homes in Mill Valley under $725K and that the homes under $900K tend to be smaller, in poorer condition, in less desirable neighborhoods, and/or located on a steep hill, etc.
As always, the bread and butter homes of Mill Valley (priced between $1 million and $1.25 million) sell quickly if they are nicely maintained, updated, and/or located in desirable neighborhoods. Those that are priced correctly are again seeing multiple offers. As astonishing 58% of these homes are pending (that is a strong sellers' market, folks).
Homes priced above $2 million in Mill Valley are not selling as briskly. In this price range buyers are being picky and the percentage of homes in escrow is very low. Meanwhile, the $1.25 million to $2 million range is looking pretty strong. Someday soon, these reports will refer to that price range as the "bread & butter" homes of Mill Valley.
Price Range | Units Total | Active Listings | Pending Listings |
$700K - $799K | 9 | 44% | 55% -- ↑11% |
$800K - $899K | 9 | 66% | 33% -- ↑22% |
$900K - $1 mil. | 6 | 75% | 25% -- ↑25% |
$1 mil. - $1.25 mil. | 15 | 42% | 58% -- ↑8% |
$1.25 - $2 mil. | 21 | 81% | 19% -- No Change |
$2 mil. & up | 19 | 77% | 23% -- ↑13% |
If you would like detailed data on any specific neighborhood, give me a call at (415) 350-9440. It is my pleasure to be of service
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