Garrett W. Burdick
Mill Valley, CA
Single-Family Homes
Vanguard Properties
Mill Valley, CA
Wed May 27 2020
This week the median list price for Mill Valley, CA is $2,245,000 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has held steady at or around 44.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $2,245,000 | |
| Per Square Foot | $864 | |
| Days on Market | 65 | |
| Price Decreased | 16% | |
| Price Increased | 2% | |
| Relisted | 7% | |
| Inventory | 44 | |
| Median Rent | $4,650 | |
| Most Expensive | $12,900,000 | |
| Least Expensive | $799,000 | |
| Market Action | 44 | |
| Slight Seller's Advantage | ||
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,895,000 | 4,050 | 0.25 - 0.5 acre | 5 | 5 | 71 | 0 | 1 | 66 |
| $2,995,000 | 3,367 | 0.25 - 0.5 acre | 4 | 4 | 39 | 0 | 1 | 29 |
| $1,795,000 | 2,364 | 8,000 - 10,000 sqft | 4 | 3 | 58 | 3 | 3 | 57 |
| $1,200,000 | 1,494 | 6,500 - 8,000 sqft | 3 | 2 | 71 | 0 | 2 | 105 |