Mill Valley Real Estate Review – MID-YEAR 2021
An Inside Look at Marin County Real Estate
As you may have read, a lot of Californians have moved during the pandemic, with the highest number of Californian movers leaving San Francisco. Two-thirds of San Francisco movers remain in the Bay Area, and 80% have stayed in California.
This movement has, of course, greatly affected the Marin County real estate market. Nearly double the number of homes sold in the first half of 2021 compared to the same period in 2020. This enormous growth in demand increased the average selling price in Marin County by 17% to a record $2,148,000.
We expect continued demand as many buyers no longer need to decide where to live based on office proximity, and many people are still leaving San Francisco.
If you are thinking of selling, this is a great time to get top dollar for your home. Please call me if you’d like to discuss pricing or if you’d like to learn more about how I can make your selling experience – from readying your home for sale clear through the end of your move – hassle-free.
Mill Valley Summary
The first half of 2021 was a record-breaking start for Mill Valley real estate as nearly double the number of homes sold compared to the same period in 2020. Two hundred and twenty nine homes sold in Mill Valley – the highest number of first half sales ever recorded. The average selling price increased 31% to a record $2,759,000 as more expensive homes were sold. Sixty-seven percent of homes sold above the asking price, and the average amount sold over the asking price was 14.6%.
More than four times the number of homes sold priced between $3 and $4 million compared to the same period in 2020, with 33 sold. And a record 20 homes sold priced between $4 million and $6 million compared to the previous mid-year high of 7. Finally, a notable 11 homes sold priced above $6 million exceeding the previous annual record of three.
Now is an opportune time to sell if you’ve been considering doing so. I offer a detailed, hands-on hassle-free approach to maximizing the value of your home.