Mill Valley

So far in 2010, Mill Valley’s real estate market is showing signs of hope! For the first six months of 2010 versus 2009, the average price has held steady at $1.3 million (for single family homes), while the median price rose slightly, from $1.05 million to $1.125 million, but is still well below the $1.25 million median price at the height of the market in 2007. The number of homes sold during the first six months of 2010 has risen 34%, from 92 to 123. The condominium market in Mill Valley is a different story. For the first six months of 2010 versus 2009, the average sale price of condos in Mill Valley declined 13%, from $719,917 to $628,029, and the median price dropped 15%, from $689,500 to $584,700. The number of condominium sales represents a very small percentage compared to single family homes. The primary reason for the slide is that there have been a number of distressed sales of condos in Mill Valley during the first half of 2010. Overall, the Mill Valley market is showing the strength it has always shown in a changing market, because of home desirability and maintenance of property values.

Tiburon

The mid-summer vacation slow down is in full swing. Like elsewhere, activity in the southern Marin markets of Belvedere and Tiburon was sluggish during the month of July. There are 44 homes currently listed in Belvedere and only 1 is in contract. That said, there is good news: year-to-date sales in Belvedere total 18 homes sold, compared to only 11 for the same time period in 2009. Tiburon has seen more activity with 111 homes currently listed and 19 in contact. Year-to-date numbers in Tiburon are also positive with a total of 66 homes sold so far, compared to 40 for the same time frame last year.

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