Garrett W. Burdick
Mill Valley, CA
Single-Family Homes
Vanguard Properties
Mill Valley, CA
Thu Sep 16 2021
This week the median list price for Mill Valley, CA is $2,775,000 with the market action index hovering around 78. This is an increase over last month's market action index of 75. Inventory has decreased to 25.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
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 | $2,775,000 | |
| Median Price of New Listings | $1,672,500 | |
| Per Square Foot | $910 | |
| Average Days on Market | 46 | |
| Median Days on Market | 21 | |
| Price Decreased | 28% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 25 | |
| Median Rent | $6,500 | |
| Market Action | 78 | |
| Strong Seller's Market | ||
This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,845,000 | 4,628 | 0.5 - 1 acre | 4 | 4 | 30 | 2 | 0 | 17 |
| $3,197,499 | 3,603 | 0.25 - 0.5 acre | 4 | 3 | 52 | 2 | 2 | 52 |
| $1,750,000 | 2,127 | 0.25 - 0.5 acre | 3 | 2 | 50 | 2 | 4 | 31 |
| $1,385,000 | 1,625 | 4,500 - 6,500 sqft | 3 | 2 | 57 | 4 | 4 | 7 |