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Southern Marin real estate is a very competitive market and this up-cycle has been no exception. There are a couple of trends which have emerged- first the high end of the price spectrum in Southern Marin is seeing less market participants, and buyers who are generally more discerning in their purchases. In visual terms- this means the slope of price sales is flattening- with more demand and higher prices at the low end and less demand and generally flat prices at the high end. Second is the trend of home buyers bypassing Marin and buying homes in Kentfield. Kentfield has the most volatile home prices of any town in Marin as it falls in and out of favor with SF families looking for homes in Marin.
Mill Valley family buyers in this cycle are willing to pay up for a well finished home; but are shying away from older homes even if they are on great lots. Investors & builders continue to step in where families passed to soak up remaining inventory- but the price often needs to discount the old house as a tear down. Mill Valley is still trading under its business cycle average, and at a greater discount to Peak prices than other towns in Marin- a fact which should be compelling for home buyers. Instead, families moving to Marin are focused on Kentfield, competing on homes- one after another- like a bevy of hungry hens pecking at a sequence of overturned rocks. As your listing agents, we have the best data in Marin to bring these buyers to Mill Valley. Please call and interview us for your listing.
Mill Valley homes continue to be trading in an acceptable, if unnerving, range for home buyers. Recently, buyer push-back on Mill Valley focuses on the Middle School- which buyers find large and daunting- and driving. Recent increases in traffic getting in and out of town (especially during school pick-up/drop-off) have buyers mistakenly considering that the towns of Central Marin are not so as far as they look on paper.
Mill Valley is the best small town in Marin with its vibrant down-town, great restaurants, artistic heritage and nightly live music, while also easily within an affordable cab fare to San Francisco nightlife, make Mill Valley currently the best value choice for Marin buyers.