Posts Tagged ‘Mill Valley Home Sales’
What is happening in Mill Valley Real Estate?
Mill Valley home prices have dipped down while the number of Mill Valley homes for sale seems to be at a plateau.
| 7-day stats for Single Family properties in MILL VALLEY, CA as of August 21, 2009 |
|||
|---|---|---|---|
| Median List Price | $1,275,000 | Average List Price | $1,592,352 |
| Total Inventory | 145 | Price per Square Foot | $610 |
| Average Home Size | 2,300 | Median Lot Size | 9,017 |
| Average # Beds | 3.48 | Average # Baths | 2.78 |
| Homes Absorbed | 8 | Newly Listed | 8 |
| Days on Market | 129 | Average Age | 49 |
I was reviewing sales statistics in Mill Valley and pulled these two charts. The first chart is not anything surprising, the average days on the market of a Mill Valley home listing has been increasing while the median price of a Mill Valley home has been declining.
I then pulled the chart below which shows the number of new listings versus the median home price for Mill Valley. Median Mill Valley home prices have been declining with the number of new listings.
As new late winter/early spring listings start to come on, the question is whether the median Mill Valley home price will see some recovery OR if home prices will continue to fall.
Mill Valley Home SalesJanuary 1, 2008 – February 19, 2008 |
|
| # of Mill Valley Homes Sold since Jan 1 | 15 |
| Lowest Mill Valley Home Sale | $575,000 |
| Highest Mill Valley Home Sale | $3,300,000 |
| Average Mill Valley Home Sales Price | $1,467,810 |
| Median Mill Valley Home Sales Price | $1,255,000 |
Single Family Residential Homes Only.
Statistics as of February 19, 2007 from BAREIS Marin County MLS®.