Mill Valley Real Estate Review – End-Year 2017
An Inside Look at Marin County Real Estate
Residential real estate in Marin County set new records again this year. Both prices and number of home sales continued to soar. The 2017 average sale price of $1.6 million beat last year’s by 7%, and the number of homes sold climbed by that same amount.
Recently remodeled properties commanded significant premiums, making it wise to consider the return on investment in improving your property before listing.
While the effect of new tax laws remains unclear, demand continues to outstrip supply in all cities and towns. We are confident that demand will sustain a robust sales environment.
Mill Valley Summary
The Mill Valley average home sale price rose 3% over last year to $1,920,000. The average price per square foot sold rose 4% to $825, setting a new record. Nearly half of all homes sold in 2017 received multiple offers, were on the market 30 days or less, and sold over the original asking price.