MARKET SNAPSHOT — MILL VALLEY

How do the last four weeks compare to the same four weeks of 2008? As you’ll see by the numbers below, the average price per square foot for under $1 million sales is down by around 17%. The average price per square for for homes between $1 million and $2 million is down even more…closer to 21%. If you would like to see how Marin prices per square foot have changed over the last year in another town, e-mail me at JLeitzell@pacunion.com. Here are the numbers for the weeks of 10/19 to 11/9:

Statistics -Mill Valley – SFR 10/19/09 10/26/09 11/2/09 11/9/09
$0 – $999K

Sold Price per Sq. Ft. (THIS year) $494 $495 $497 $498
Sold Price per Sq. Ft. (LAST year) $605 $602 $602 $602
% of Change (Sq. Ft.) -18.35% -17.77% -17.44% -17.28%

$1M – $2M
Sold Price per Sq. Ft. (THIS year) $561 $561 $556 $555
Sold Price per Sq. Ft. (LAST year) $720 $717 $711 $708
% of Change (Sq. Ft.) -22.08% -21.76% -21.80% -21.61%