Mill Valley Market Update: A Comparison between July and August

As we move through the “dog days of summer” I have found that, generally speaking, the seasonal effect of a slower moving market continues to be finessed by the number of buyers still hitting the pavement, who are willing and able to purchase NOW. As I look back to the first week of July, it’s not surprising that there was little market activity during the Fourth of July holiday week. Fast-forward to the first week of August and we can see that the numbers reveal that both buyers and sellers were back on the move. Interestingly enough, too, there was activity in condo sales during the first week of August. So hang tight sellers, buyers are out there looking for a home.  They’re just taking a bit more time to find the right property.

SINGLE FAMILY HOMES ACTIVITY

First week of July (up to $1,000,000)

Active = 2 ($825,000 - $849,900)

Contingent = 0

Pending = 2 ($848,000 - $948,000)

Sold = 1 ($860,000)

The average Days on Market for the Sold property is 58

First week of August (up to $1,000,000)

Active = 3 ($624,999 - $869,000)

Contingent = 4 ($799,000 - $875,000)

Pending = 2 ($749,000 - $929,000)

Sold = 1 ($760,000)

The average Days on Market for the Sold property is 112

SINGLE FAMILY HOMES ACTIVITY

First week of July ($1,000,000 or more)

Active = 0

Contingent = 0

Pending = 0

Sold = 4 ($1,225,500 - $2,335,000)

The average Days on Market for Sold properties is 103. (This number is misleading since one of the properties that closed had a DOM of 311. If we throw that one out the average days on market would be 39 

First week of August ($1,000,000 or more)

Active = 1 ($1,269,000)

Contingent = 0

Pending = 3 ($1,349,000 - $2,690,000)

Sold = 3 ($1,386,000 - $2,565,000)

The average Days on Market for Sold properties is 115. (This number is misleading since one of the properties that closed had a DOM of 294. If we throw that one out the average days on market would be 26

CONDO ACTIVITY

First week of July (up to $1,000,000)

Active = 0

Contingent = 0

Pending = 0

Sold = 0

The average Days on Market for Sold properties is 32 

 First week of August (up to $1,000,000)

Active = 1 ($459,000)

Contingent = 0

Pending = 2 ($698,000 - $749,000)

Sold = 1 ($389,000)

The average Days on Market for the Sold property is 48

CONDO ACTIVITY

First week of July ($1,000,000 or more)

Active = 0

Contingent = 0

Pending = 0

Sold = 0

First week of August ($1,000,000 or more)

Active = 0

Contingent = 0

Pending = 0

Sold = 1 ($1,050,000)

The average Days on Market for the Sold property is 41