Mill Valley, CA Real Estate Market Conditions Update ~ January 2008

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Real Estate Agent with Fathom Realty Group License# 01336994

As of February 2, 2008 20% of available listings in Mill Valley are in escrow.

For the month of January 2008 only 12 homes sold in Mill Valley, for an average final selling price of $1,540,179.

The average original asking price of these homes was $1,735,825.

It took these homes an average of 72 days to sell.

Of the 12 homes that sold, all sold for less than their original asking price.

To learn more about this area, visit my website, or feel free to contact me directly.

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A reader wrote in and asked me for this same information for the previous few years and I thought it was worth adding to my post:

In January 2005 33 homes sold in Mill Valley for an average final selling price of $1,142,318.

The average original asking price was $1,192,239.

The homes took an average of 55 days to sell.

Of the 33 homes that sold, 2 sold at the original asking price and 10 sold over.    

 

In January 2006 23 homes sold in Mill Valley for an average final selling price of $1,379,957.

The average original asking price was $1,449,130.

It took these homes an average of 77 days to sell.

Of the 23 homes that sold, 1 sold at the original asking price and 5 sold over.    

 

In January 2007 15 homes sold in Mill Valley for an average final selling price of $1,393,928.

The average original asking price was $1,538,733.

It took these homes an average of 108 days to sell.

Of the 15 homes that sold, 1 sold at the original asking price and 2 sold over.

 

Does anyone see any trends here?

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Kelley Eling

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