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Market Conditions in Mill Valley : Real Estate Advice

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  • Home Buying25
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Activity 5
Tue Jun 16, 2015
Oggi Kashi answered:
House and condo sales from June 1, 2014 - June 1, 2015:

~ 415 sales with average $/sqft of $724

All data from sources deemed reliable but subject to errors and omissions, and not warranted.
BRE 01844627
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Wed Apr 16, 2014
PJ asked:
This question was asked from http://www.trulia.com/property/3152327805-Single-Family-Home-Mill-Valley-CA-94941?ecampaign=con_day_propertycomp_bk&eurl=www.trulia.com%2Fproperty%2F3152327…
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Wed Jun 24, 2009
Tristan Celayeta answered:
The imminent ARM resets are beginning. Downsizings, closings and the chaos of recession are getting rampanter and rampanter(sic).Short sales are increasing as underwater owners try to evade foreclosures. Of course short sales are usually excruciatingly slow, apt to fail and a trial for principals but can result in excellent values for buyers. Regulation and legislation change often now as solutions emerge, it probably isn’t over yet regarding new opportunities. One should look closely for opportunity and be prepared to act. I recommend concentrating on particular deals or opportunities and reserving market analysis for the future with hindsight in hand.
I betcha if 'ya keep an close eye on the MLS you'll watch golden opportunities flash right by. Maybe try a suite of Home Alert notifications for different set of criteria. There is another opportunity to access new listings real-time directly from the MLS but that requires your willingness to cooperate with an agent to set it up.

Questions??
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Sun Nov 11, 2007
Caren Horstmeyer 415 794-4311 answered:
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.

When you 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 Mill Valley 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.

In 2007, Mill Valley has an average 57 days on market.

Over time, history shows Mill Valley has strong appreciation.

A softening in the market? It depends on the location and the house. There are still multiple offers in the market depending on the property.

Consider these factors when buying: Statistics show we are in a buyers market, a shift from the sellers market of the last 4-5 years. The interest rates are still low. You are not fighting in multiple offers on most properties so you are the winner (the multiple offer market had only 1 winner, the one who got the property), Marin County and Mill Valley show strong appreciation over time and the Bay Area is a fantastic place to live.

Call me if you have any questions or if I can be of help in anyway, 415 794-4311.
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Sun Nov 11, 2007
Caren Horstmeyer 415 794-4311 answered:
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.
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