Mill Valley Real Estate Update: Second week of November

I’m happy to report that our market held steady during the second week of November. There were, however, a few notable changes.  The under-one million crowd stayed about the same in activity, but pending properties did go up. The biggest highlight was the increase in properties going under contract (Contingent Status) that were listed over one million. Buyers were really out and about making deals in this demographic. There wasn’t a lot of action going on in the condo arena, but we did see a few escrows close. Days on Market overall has floated a bit upwards, but that isn’t too surprising for this time of year. And sale price percent to original list price has consistently hovered between 95 and 100 percent for all categories.

SINGLE FAMILY HOMES ACTIVITY

Second week of October (up to $1,000,000)

Active = 2 ($750,000 - $989,000)

Contingent = 3 ($679,000 - $900,000)

Pending = 1 ($928,000)

Sold = 2 ($705,000 - $780,000)

The average Days on Market for Sold properties is 80. The average Sale Price % to the Original List Price is 90%.

Second week of November (up to $1,000,000)

Active = 3 ($849,000 - $899,000)

Contingent = 1 ($849,000)

Pending = 5 ($649,000 - $990,000)

Sold = 1 ($790,000)

The average Days on Market for Sold properties is 0. The average Sale Price % to the Original List Price is 100%.

Second week of October ($1,000,000 or more)

Active = 8 ($1,367,000 - $3,445,000)

Contingent = 3 ($1,160,000 - $1,475,000)

Pending = 3 ($1,150,000 - $1,499,000)

Sold = 6 ($1,055,000 - $3,405,000)

The average Days on Market for Sold properties is 38. The average Sale Price % to the Original List Price is 100%

Second week of November ($1,000,000 or more)

Active = 1 ($5,400,000)

Contingent = 6 ($1,100,000 - $3,195,000)

Pending = 4 ($1,195,000 - $2,195,000)

Sold = 4 ($1,169,000 - $1,755,000)

The average Days on Market for Sold properties is 53. The average Sale Price % to the Original List Price is 99%

CONDO ACTIVITY

Second week of October (up to $1,000,000)

Active = 0

Contingent = 0

Pending = 0

Sold = 2 ($575,000 - $575,000)

The average Days on Market for the Sold property is 40. The average Sale Price % to the Original List Price is 91%

Second week of November (up to $1,000,000)

Active = 0

Contingent = 0

Pending = 0

Sold = 3 ($439,000 - $680,000)

The average Days on Market for the Sold property is 58. The average Sale Price % to the Original List Price is 97%

Second week of October ($1,000,000 or more)

Active = 0

Contingent = 0

Pending = 0

Sold = 0

Second week of November ($1,000,000 or more)

Active = 0

Contingent = 0

Pending = 0

Sold = 0

STATISTICS TAKEN FROM BAREIS MULTIPLE LISTING SERVICE DATABASE