What is the expected appreciation rate for Mill Valley in the next few years? The prices are already very
high. How much higher can they go?
Fri Nov 9 2007, 15:20 - Mill Valley - Market Conditions - 2 answers
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| Cindi Hagley, was FIRST TO ANSWER | ||
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BEST ANSWER
Hi Christine,
Mill Valley is a wonderful place to live and was rated #10 best places to live in the United States in 2005 by CNN/Money magazine. The Mill Valley market is driven by great schools, an easy and convenient commute to San Francisco and south and a charming downtown with good restaurants, book stores, cafes, shops and the arts. Christine, I know how you feel. Prices are already high, how can they go any higher? I have felt the same way, and it never ceases to amaze me that over time prices continue to rise. I have found that when I look at the stats in Marin County it shows strong appreciation over time. People want to live in Marin County and not a lot of people leave Marin County. Additionally, there is limited space for building. Here are some statistics for your information: In Mill Valley in 1966, the average home price was $30,185. In 1976, $82,855. In 1986 $256,756. In 1996, $492,113. In 2006, $1,317,504. In 2007, to date, the average home price in Mill Valley is $1,413,077. Expected appreciation in Mill Valley? No one really knows. But over time, history shows it will appreciate. Call me if you have any questions or need assistance at 415 794-4311. Sun Nov 11 2007, 07:07 Web Reference: http://money.cnn.com/magazines/moneymag/bplive/2005/sna...
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BEST ANSWER
FIRST ANSWER
It's all based on location, supply, and demand. It's hard to predict appreciation rates...your best bet is to look at historical. This link may help you. Good luck!
Fri Nov 9 2007, 22:30 Web Reference: http://www.trulia.com/real_estate/Mill_Valley-Californi...
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