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The Magic of Middle Ridge

Middle Ridge is one of Mill Valley's most sought after neighborhoods. As for the Middle Ridge neighborhood market, price ranges tend towards...

 

Middle Ridge is one of Mill Valley's most sought after neighborhoods. Right above downtown Mill Valley, it has both the best weather and some amazing views of the other Mill Valley ridges, downtown and San Francisco. Middle Ridge begins as it winds up Lovell, up Summit and captures Cornelia. Many homes on Lovell back up to Tamalpais and are street to street properties. Magee and Marguerite begin or end on Summit. Ralston works its way up W. Blithedale Canyon and crosses Summit.

Summit Avenue goes to the top of Middle Ridge where it dovetails into Fern Canyon and then Walden - little known havens for some of the rich and famous. At the top, Summit runs into the famous Railroad Grade Trail that takes you over to the Mountain Home Inn or up the mountain itself - Mt. Tamalpais.  

As for the Middle Ridge neighborhood market, price ranges tend towards the higher price end, but the range at the moment is from $770,000 on Magee to $4,495,000 on Summit. Here's a current snapshot of the last six months.

6 Active Listings:                         3 Contingent:

335 Magee -      $770,000               370 Summit - $899,000

441 Tamalpais - $1,200,000           28 Cornelia -  $1,395,000

481 Summit -    $1,950,000            321 Summit - $4,495,000

388 Summit -    $2,775,000

2 Tamalpais -    $3,395,000

609 Summit -    $3,995,000

 

8 Sold Last 6 Months:

67 Lovell #A -    $789,000

335 Lovell -       $815,000

500 Summit -    $1,100,000

296 Lovell -       $1,235,000

90 Tamalpais -  $1,250,000

44 Myrtle -        $1,325,000

288 Magee -      $1,550,000

225 Tamalpais - $7,750,000

*Off Market: 511 Lovell Contingent: $3,800,000

We have also found that in the last 6 months the majority of home sale prices occurred on average at 96.5 percent or less of the original asking price. The - Days on Market - statistics for Middle Ridge show that 28.6% of homes sold within 30 days, 42.9 percent sold between 31 and 60 days, 14.3 percent sold between 61 and 90 days, and 14.3 percent of the homes took over 120 days to sell. These figures express a healthy and active market in our Middle Ridge neighborhood. For additional information see the attached graph, and for this week's Mill Valley Market Update click here.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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