Garrett Burdick
Mill Valley, CA
Single-Family Homes
Premier Properties Marin
Mill Valley, CA
Thu Jan 17 2019
This week the median list price for Mill Valley, CA is $1,410,000 with the market action index hovering around 45. This is an increase over last month's market action index of 40. Inventory has held steady at or around 28.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Strong Seller's Market
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $1,410,000 | |
| Per Square Foot | $786 | |
| Days on Market | 130 | |
| Price Decreased | 29% | |
| Price Increased | 7% | |
| Relisted | 11% | |
| Inventory | 28 | |
| Median House Rent | $4,888 | |
| Most Expensive | $6,750,000 | |
| Least Expensive | $765,000 | |
| Market Action Index Strong Seller's Market | 45 |
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,625,000 | 4,398 | 0.5 - 1 acre | 4 | 4 | 36 | 0 | 0 | 207 |
| $1,799,000 | 2,672 | 0.25 - 0.5 acre | 4 | 4 | 56 | 0 | 3 | 111 |
| $1,300,000 | 1,536 | 6,500 - 8,000 sqft | 3 | 2 | 79 | 2 | 2 | 129 |
| $985,000 | 1,302 | 4,500 - 6,500 sqft | 3 | 2 | 66 | 1 | 0 | 74 |