Traditionally summer is a slower time of the year for our real estate market. Children are out of school and we start taking our vacations. With that in mind, I’ve pulled some statistics to see if things are really slowing down here in Mill Valley.
After reviewing the stats below, I have found that last week was in some ways much busier than a month ago. This tells us that buyers have really been active over the last couple months. Once we saw some additional inventory arrive, sales starting stacking up; especially in the over one million mark. Maybe summer won’t be as slow as suggested, especially if sellers continue to bring their properties to the market.
Find out what's happening in Mill Valleywith free, real-time updates from Patch.
SINGLE FAMILY HOMES ACTIVITY
Find out what's happening in Mill Valleywith free, real-time updates from Patch.
Third week of June (up to $1,000,000)
Active = 0
Contingent = 1 ($630,500)
Pending = 2 ($848,000 - $948,000)
Sold = 0
Third week of July (up to $1,000,000)
Active = 7 ($669,000 - $995,000)
Contingent = 1 ($919,000)
Pending = 0 ($649,000 - $899,000)
Sold = 2 ($700,000 - $880,000)
The average Days on Market for Sold properties was 41
SINGLE FAMILY HOMES ACTIVITY
Third week of June ($1,000,000 or more)
Active = 6 ($1,250,000 - $4,900,000)
Contingent = 1 ($2,900,000)
Pending = 0
Sold = 9 ($1,127,500 - $4,280,000)
The average Days on Market for Sold properties was 36
Third week of July ($1,000,000 or more)
Active = 6 ($1,099,000 - $4,500,000)
Contingent = 2 ($1,595,000 - $1,895,000)
Pending = 7 ($1,099,000 - $2,995,000)
Sold = 5 ($1,150,000 - $1,475,000)
The average Days on Market for Sold properties was 53
CONDO ACTIVITY
Third week of June (up to $1,000,000)
Active = 0
Contingent = 0
Pending = 0
Sold = 1 ($650,000)
The average Days on Market for Sold properties was 32
Third week of July (up to $1,000,000)
Active = 3 ($399,000 - $415,000)
Contingent = 3 ($698,000 - $749,000)
Pending = 0
Sold = 1 ($650,000)
The average Days on Market for Sold properties was 1
CONDO ACTIVITY
Third week of June ($1,000,000 or more)
Active = 0
Contingent = 0
Pending = 0
Sold = 0
Third week of July ($1,000,000 or more)
Active = 0
Contingent = 0
Pending = 0
Sold = 0
