Real Estate Market Update: 1st Week of September

Well, my thoughts of September starting out with a bang came true, kind of like a lull before the storm, things really picked up after the holiday. It seems buyers and sellers hit the ground running following Labor Day, jumping in with both feet. It’s pretty clear that the first week of September was very active compared to the first week of August. August’s market was steady and consistent with few ups and downs, so let’s hope September can match the pace. There was one oddity for the first week in September, and that was no properties in Mill Valley over one million were recorded as sold in our MLS database. No worries, the under-one-million crowd picked up the slack.  September is off to a great start, so if you’re thinking that now is not a good time to buy or sell, think again, maybe waiting until springtime is unnecessary.

SINGLE FAMILY HOMES ACTIVITY

First week of August (up to $1,000,000)

Active = 1 ($624,999)

Contingent = 0

Pending = 0

Sold = 1 ($760,000)

The average Days on Market for Sold properties is 112. The average Sale Price % to the Original List Price is 87%.

First week of September (up to $1,000,000)

Active = 5 ($699,000 - $999,999)

Contingent = 2 ($709,000 - $860,000)

Pending = 1 ($899,000)

Sold = 4 ($775,000 - $935,000)

The average Days on Market for Sold properties is 37. The average Sale Price % to the Original List Price is 103%.

 SINGLE FAMILY HOMES ACTIVITY

First week of August ($1,000,000 or more)

Active = 1 ($1,189,000)

Contingent = 0

Pending = 2 ($1,349,000 - $1,595,000)

Sold = 5 ($1,160,000 - $2,565,000)

The average Days on Market for Sold properties is 78 (One property had 294 days on market, so if we throw that out, the average days on market would be 25. The average Sale Price % to the Original List Price is 101%.

First week of September ($1,000,000 or more)

Active = 7 ($1,225,000 - $1,650,000)

Contingent = 3 ($1,349,000 - $2,095,000)

Pending = 3 ($1,295,000 - $2,050,000)

Sold = 0 

CONDO ACTIVITY

First week of August (up to $1,000,000)

Active = 1 ($459,000)

Contingent = 0

Pending = 0

Sold = 1 ($389,000)

The average Days on Market for the Sold property is 48. The average Sale Price % to the Original List Price is 97%

First week of September (up to $1,000,000)

Active = 1 ($919,000)

Contingent = 0

Pending = 1 ($849,000)

Sold = 0

CONDO ACTIVITY

First week of August ($1,000,000 or more)

Active = 0

Contingent = 0

Pending = 0

Sold = 1 ($1,050,000)

The average Days on Market for the Sold property is 41. The average Sale Price % to the Original List Price is 107%

First week of September ($1,000,000 or more)

Active = 0

Contingent = 0

Pending = 0

Sold = 0

STATISTICS TAKEN FROM BARIES MLS