Yes!
Wait, that's not the extent of my post. The most asked question I get is 'how much' have home values increased? That question requires a bit more explaining.
There are so many variables in determining value increase. Time of year, length of period, mean or median, square footage included, etc. Though average sales price is the most common number used, it can sometimes vary from the 'value' of the home, depending on how much home is considered for that price. If the average sales price increases 10%, but the average size of the homes sold increases 14%, then a case could be made that values actually declined.
This was the case in many of the periods in 2010-12 as we struggled and bounced to recover from the housing recession. It surely is not the case now. In fact, for the period reported below, the average square footage stayed exactly the same. Therefore, the average sales price increase is a direct increase in value.
From June 1, 2012 - August 21, 2012 there were 110 single family home sales in Mill Valley, at an average price of $1,245,985. For the same period in 2013 the average price of 95 sales was $1,368,087. Values in Marin are up 10% this summer over last.
For specific increases per neighborhood, or homestyle, please call or email me directly, 415-450-8855, joeburnsmail@gmail.com
