Marin Home Sales Jump, Median Price Continues to Rise - Mill Valley, CA Patch
To get a better picture of the housing market in Mill Valley, this article should have also posted how many years on the market and what percentage of the asking price that the houses sold for. Without those 2 important statistics, the article does have not provide much useful information.
Right now, many people would be surprised at how many years these houses have been on the market, and the few that have been sold, the sellers have had to reduce their final sale price by 50%, and that is in Mill Valley.
So, the proximity to S.F. is not so much a factor now like it used to be.
And about the 101 commute, I was working down at gate six in Sausalito today until 5:00 pm. I saw the traffic backed up the Waldo Grade going down as far as I could see, and it was thick all the way as far as I could see going north too.
That is an indicator that many people are working now, and many more are traveling north because they thought that they can't buy a house in southern Marin.
So, that may have been true 10 years ago, but the way the market in Mill Valley is now, it looks like things might be changing a bit.
Now is a very good time to buy in Mill Valley, many houses have recently sold for 50% off the original asking price, making houses more affordable, that is a very good thing. Also, If developers pay attention to demographic trends, they will be less likely to invest in building more housing, especially high density housing like Blithedale Terrace.
Mill Valley is not the only community where sales have jumped! Thinking about listing your home? I would do it ASAP to get a jump on the market in the new year.

