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.