Mill Valley Annual Real Estate Trends

Mill Valley
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $622,957 $535,000 417 32 98.2%      
1999 $776,848 $650,000 504 43 98.6% 24.7% 21.5% 20.9%
2000 $962,791 $800,000 418 30 102.2% 23.9% 23.1% -17.1%
2001 $987,454 $811,000 346 52 98.0% 2.6% 1.4% -17.2%
2002 $1,016,121 $849,000 408 60 98.4% 2.9% 4.7% 17.9%
2003 $1,040,224 $862,500 414 61 98.4% 2.4% 1.6% 1.5%
2004 $1,181,093 $980,000 478 58 99.4% 13.5% 13.6% 15.5%
2005 $1,344,057 $1,180,000 377 47 100.3% 13.8% 20.4% -21.1%
2006 $1,416,656 $1,231,264 346 56 98.7% 5.4% 4.3% -8.2%
2007 $1,495,165 $1,274,500 338 56 98.8% 5.5% 3.5% -2.3%

Mill Valley
(Condos & Town Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
1998 $325,654 $313,000 47 33 99.8%      
1999 $377,249 $365,000 55 28 101.6% 15.8% 16.6% 17.0%
2000 $462,726 $425,000 42 24 102.8% 22.7% 16.4% -23.6%
2001 $542,118 $455,000 54 37 99.6% 17.2% 7.1% 28.6%
2002 $556,352 $525,000 67 60 98.8% 2.6% 15.4% 24.1%
2003 $793,603 $665,500 100 39 96.3% 42.6% 26.8% 49.3%
2004 $719,438 $649,000 106 41 100.1% -9.3% -2.5% 6.0%
2005 $731,549 $670,000 77 34 101.2% 1.7% 3.2% -27.4%
2006 $801,460 $685,000 68 65 99.3% 9.6% 2.2% -11.7%
2007 $763,575 $685,000 51 69 98.6% -4.7% 0.0% -25.0%

DEFINITIONS

Median Price
Median Price is that at which 50% of properties sold were above that price and 50% were below.
Average Price
Average Price is the sum of all prices divided by the number of sales.
DOM
Average Days on Market is the average time it took to sell all properties.
SP/LP
The average selling price divided by the average list price.

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Based on information from BAREIS for the period January 1998 through January 2007.