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.