Tam Valley is close to some great beaches such as Muir Beach or Stinson Beach and is a gateway to Tamalpais State Park, the Golden Gate National Recreation Area, and West Marin. Residents enjoy great municipal parks, hiking and biking trails, and plenty of places to roam. Its a peaceful and rural place with the convenience of downtown Mill Valley around the corner.
Current Real Estate Market Conditions for Single Family Homes
This Week
The median list price in MILL VALLEY, CA this week is $1,424,000. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
Current Real Estate Market Conditions for Condos & Townhomes
This Week
The median list price in MILL VALLEY, CA this week is $499,000. Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
With little fog and lots of sunny days, Sycamore Park has some of the best weather in Mill Valley. Block parties, holiday festivities, and casual social gatherings create a real sense of community in this family-oriented area of Mill Valley.
Current Real Estate Market Conditions for Single Family Homes
This Week
The median Mill Valley homes list price in MILL VALLEY, CA this week is $1,395,000. The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.
Supply and Demand
In terms of supply and demand, the market is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed.
Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Current Real Estate Market Conditions for Condos & Townhomes
This Week
The median list price in MILL VALLEY, CA this week is $559,000. With inventory trending up but days-on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.
Supply and Demand
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
First posted on June 17, 2012 at 5:21 am on Mill Valley Patch
Middle Ridge is one of Mill Valley's most sought after neighborhoods. Right above downtown Mill Valley, it has both the best weather and some amazing views of the other Mill Valley ridges, downtown and San Francisco. Middle Ridge begins as it winds up Lovell, up Summit and captures Cornelia. Many homes on Lovell back up to Tamalpais and are street to street properties. Magee and Marguerite begin or end on Summit. Ralston works its way up W. Blithedale Canyon and crosses Summit.
Summit Avenue goes to the top of Middle Ridge where it dovetails into Fern Canyon and then Walden - little known havens for some of the rich and famous. At the top, Summit runs into the famous Railroad Grade Trail that takes you over to the Mountain Home Inn or up the mountain itself - Mt. Tamalpais.
As for the Middle Ridge neighborhood market, price ranges tend towards the higher price end, but the range at the moment is from $770,000 on Magee to $4,495,000 on Summit. Here's a current snapshot of the last six months.
6 Active Listings: 3 Contingent:
335 Magee - $770,000 370 Summit - $899,000
441 Tamalpais - $1,200,000 28 Cornelia - $1,395,000
481 Summit - $1,950,000 321 Summit - $4,495,000
388 Summit - $2,775,000
609 Summit - $3,995,000
8 Sold Last 6 Months:
67 Lovell #A - $789,000
335 Lovell - $815,000
500 Summit - $1,100,000
296 Lovell - $1,235,000
90 Tamalpais - $1,250,000
44 Myrtle - $1,325,000
288 Magee - $1,550,000
225 Tamalpais - $7,750,000
*Off Market: 511 Lovell Contingent: $3,800,000
We have also found that in the last 6 months the majority of home sale prices occurred on average at 96.5 percent or less of the original asking price. The - Days on Market - statistics for Middle Ridge show that 28.6% of homes sold within 30 days, 42.9 percent sold between 31 and 60 days, 14.3 percent sold between 61 and 90 days, and 14.3 percent of the homes took over 120 days to sell. These figures express a healthy and active market in our Middle Ridge neighborhood. For additional information see the attached graph, and for this week's Mill Valley Market Update click here.
Situated up in the hills above Mill Valley along Mount Tamalpais' Throckmorton Ridge, Panoramic-Muir Woods is surrounded by beautiful, protected grasslands, woodlands, and forests. Great hiking and biking trails can be found in the nearby Golden Gate National Recreation Area, Mt. Tamalpais State Park, and the open spaces of the Marin Municipal Water District.Gorgeous views, privacy, and a semi-rural setting all come with the territory - yet great shops, commercial services, and fun community events are conveniently nearby.
The Eucalyptus Knoll neighborhood of Mill Valley is mostly townhouses, some with water and Mt. Tam views, and some are right on the water. Super commute location and easy access to the biking trails. Great for kayakers as well. Close to Mill Valley parks and restaurants such as Piatti's.
The Old Mill neighborhood is close to downtown and very desirable. Super charming older homes and a nice area near the public library, Old Mill Elementary, the park in the redwoods and a year round creek. For the outdoor enthusiast you'll find the beginning of the Dipsea Stairs nearby that lead you up Mount Tam to Pan Toll Station.
Surrounded by the Golden Gate National Recreation Area on three sides and the Pacific Ocean to the West, living in Muir Beach might feel more like a luxury vacation than a permanent residence. Only a twenty-minute drive from Mill Valley, Muir Beach is an enclave that appeals to those looking for a quiet lifestyle with urban conveniences nearby.
