Mill Valley CA Real Estate – Q4 & 2010 Review

December 15, 2010

Filed under: 2. Southern Marin,Mill Valley — dwdupont @ 11:26 am

Mill Valley CA Real Estate 2010 Review:

 The entry level of the market ($1.25m and below), like most areas in Marin, is brisk with 43% of the inventory in contract! Well priced Mill Valley homes are selling quickly. The big news is the middle market ($1.25-$1.85) has improved. There are 30 homes on the market, and approx. 38% in contract. This is a big change for the Mill Valley CA Resl Estate middle market. The high end is relatively slow but as the sales on the facing page show: 6 sales over $3m and one over $5.5m!

 Average SFR Mill Valley Homes are selling just under $550/sqft. The average Mill Valley SFR selling price is approximately $1.25m, average lot values are ~ $450k.

It took about 85 days to sell Mill Valley CA homes in 2010. The average size home to sell in Mill Valley is 2,272sqft. Indexed 1999 incomes support prices in the ~$1.37m range. CONDO data: Price -5%, unit sales -13%, $/sqft = $448, -5%. See data below

Last, we spend a great deal of time researching these statistics. It is our competitive edge in the marketplace for your benefit– as we very often use this data to support our price negotiations. We work harder than other agents on this data primarily because want to earn your business. Please call or email us us today. 415-867-6611 Dave@thedupontgroup.net .

 Happy Holidays & New Year!

Mill Valley real estate sets the standard by which all suburb / commuter towns should be measured: it is extremely family friendly, has great weather year-around, a fantastic selection of public and private schools, a plethora of nearby family activities to choose from, great restaurants, is close to a major urban center with a diverse economy and broad selection of corporate and non-corporate jobs; and as one resident aptly noted “it is close to everything I love to do!” Above all, Mill Valley is sophisticated town and a great place to raise a family. Due to the current economic  slump and pull back in real estate prices, You can find Mill Valley property in most price ranges ranging from condos for $400,000 to small homes starting in the high $500,000’s.

Nestled on the slopes of Mount Tamalpias amidst groves of Sequoia Redwood Trees, Mill Valley homes are spread out around a small town center with a rich heritage and colorful community. Like almost all of Marin County, Mill Valley property was originally home to Miwok Indians. In the late 1830’s, a large part of present day Tiburon, Corte Madera and Mill Valley Real Estate was granted to settler John Reed.

Reed was born in Dublin in 1805, and went to sea with a seafaring uncle at 15. He left the ship at Acapulco, where he stayed for six years, learning to speak Spanish fluently, before sailing north to Yerba Buena-later to be named San Francisco. Having befriended many influential people along his journeys, he was eventually issued a land grant from the Mexican government near present day Santa Rosa. Unfortunately the Cotate Indians drove him back to the relative safety of Southern Marin where he married the commandant’s daughter and was awarded another land grant-what is most of modern day Tiburon, Corte Madera and Mill Valley CA.

Reed harvested trees from Corte Madera and Tiburon for use in the Presidio and built a mill in a nearby valley-“Old Mill” in the area later named “Mill Valley”.

To find more about Mill Valley CA real estate, and Mill Valley property, please click search for homes.

Proximity to Everything

Mill Valley property’s proximity to San Francisco homes, neighborhoods & jobs, coastal mountains, beaches, boating in the SF bay, Napa and Sonoma wine country, typically attracts outdoor-oriented people who play as hard or harder than they work.

Mill Valley homes are also centrally located in Marin Real Estate– fairly equidistant from Sausalito, Tiburon, Corte Madera, Larkspur and Kentfield; and approximately equidistant from San Francisco, Ross, San Anselmo, San Rafael and Fairfax. This characteristic lends itself to evening and weekend sojourns to other nearby towns for movies, dinners, tennis and swim clubbing, and public parks / open space access. Nothing in Marin– or San Francisco for that matter– is really “too far away” from Mill Valley.

Neighborhoods

Mill Valley properties are comprised of many different neighborhoods located both within the “incorporated” town of Mill Valley as well as other parts that are “unincorporated” such as Strawberry, Tam Valley, parts of Homestead Valley etc. When looking for homes in Mill Valley it is important to work with a local realtor that knows the intricacies and characteristics of the neighborhoods-such as the weather and traffic patterns and public school system access.

Non rush hour driving time to downtown San Francisco, ranges from 20 to 25 minutes without traffic.

Family Friendly

If you are looking for a healthy, safe place that is conducive to raising a family-homes in Mill Valley are a great choice!

  • There are a plethora of family-oriented restaurants (the ones that aren’t, still are during the ‘early shift’)
  • Plenty of movie theaters with kids programming,
  • Open spaces for community and school team sports.
  • A great selection of both private and public schools (public school choice differs by neighborhood) see “Mill Valley Schools link”
  • Large number of nearby family activities-see link
  • Local Support organizations for parents

Interesting Statistics

  • Population (2005): 13,000
  • Median resident age: 45
  • Average household income (2005): $156,100

Great Weather

The weather year-round in Mill Valley is fantastic-and if someone has told you that we don’t have seasons-don’t believe them, especially if you spend time in the Sierras / Lake Tahoe area 3 hours away. Spring in Mill Valley is characterized by breezy wider ranging temperatures with typical lows in the high forties and highs in the upper sixties to lower 70’s. Summer is generally characterized by higher low temps-low mid to 50’s and temperamental highs ranging from breezy 60’s to gorgeous 80’s. Fall is generally the best weather of the year and even warmer than summer. Winter runs the gamut from cold, clear nights, sometimes (though not often) reaching below freezing, to strong pacific storms that bring rain (and heavy snowfalls to the Sierras), and beautiful winter days that typically reach into the low 60’s and sometimes higher. Almost every winter you can count on a string beautiful January and/or February days in the 60s. The more outdoor activities one enjoys (think sailing, surfing and snow), the more conscious one is of our wonderful seasons and changing weather patterns.

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