Market Report - December 2022

The changes in market dynamics that began in late spring/early summer 2022 generally continued in autumn due to the ongoing economic headwinds, including high inflation and interest rates, reduced consumer confidence, and volatile stock markets, though all have fluctuated significantly over the period, and some readings have recently improved. The great majority of indicators – home prices and appreciation rates, sales volumes, overbidding, days-on-
market, months supply of inventory, and so on – continue to describe a market that has substantially cooled and “corrected” since spring 2022, when it appears that a long, dramatic, 10-year market upcycle peaked. (Note that a “correction” is not remotely similar to a crash, such as was seen during the subprime loan/foreclosure crisis.) But thousands of Bay Area homes
continue to sell, some very quickly at over asking price: With the shifts in market conditions, pricing correctly has become an imperative for sellers.
 
December typically sees the low point of new-listing and sales activity – with an increasing number of homes taken off the market to await the new year – but listing, buying and selling continues. This can be an excellent time for buyers to aggressively negotiate prices, though the supply of listings to choose from declines. The market usually begins to wake up in mid-January
and then quickly accelerates in early spring: In the Bay Area, depending on the weather and economic conditions, the “early spring” market can begin as soon as February.
 
The single, most closely watched factor will be interest rates, since they have such an outsized impact on monthly housing costs and affordability, as well as on stock markets and consumer
confidence. At the end of this report is a link to our extended review of macroeconomic issues.

SF Bay Area December 2022 Survey

Bay Area House Values by County
(Early December 2022 Survey)

Click here to see the full report...

Bay Area Newsletters

Current Active Listings per Town

BELVEDERE

CORTE MADERA

FAIRFAX

GREENBRAE

KENTFIELD

LARKSPUR

MILL VALLEY

MUIR BEACH

NOVATO

ROSS

SAN ANSELMO

SAN RAFAEL

SAUSALITO

STINSON BEACH

TIBURON

528 Montford Avenue, Mill Valley
 
4 BD | 3 BA | 3,171 SF
 
Listed at $3,495,000
 
This south-facing Homestead Valley home is bathed in natural sunlight and offers gorgeous valley views and privacy. The Stolte Grove of redwoods is just steps away. Well-known open-space trails are nearby which lead to Four Corners, Muir Beach, Mt. Tam, Stinson, and many other natural wonders that Marin County offers. The Homestead Valley Community Center and Pool are close at hand.
 
This is an elegant Mediterranean-style home with a low-maintenance clay tile roof and stucco walls. Mature plantings including trellised flowering vines, lemon and olive trees, bougainvillea, and other lush plants give this home a resort-like feel. Rebuilt from the ground up in 2000 this special home is a rare find. Your family will stay connected with a terrific open floor plan and a wonderful relationship with the outdoors!

141 Walnut Avenue, Mill Valley

Listed for $4,995,000,
Sold for $5,300,000!
 
Sold for 6% over the asking price, the highest recorded price per square foot ever paid for a home in Sycamore Park/Tamalpais Park and 2nd highest for Mill Valley!
 
Seller Represented

335 Lovell Avenue, Mill Valley

Listed for $3,995,00,
Sold for $5,000,000!
 
Buyer in contract within 2 days of showing exposure.
Closed within 8 days, all cash, 25% over the asking price.
 
Seller Represented

209 Cascade Drive,
Mill Valley

Listed for $4,395,000,
Sold for $4,975,000!

Buyer in contract within 2 days. We closed in 7 days, all cash, 13% over asking.
 
Seller Represented

159 Linden Lane,
Mill Valley

Listed for $2,650,000,
Sold for $3,150,000!

Received multiple offers. Winning buyers closed with a loan, 19% over the asking price.
 
Seller Represented

16 Vasco Drive,
Mill Valley

Sold for $3,500,000!

Beautifully updated single-level contemporary home on a large, sunny, mostly flat lot in the highly desirable Scott Valley 
neighborhood...
 
Buyer Represented

289 Tamalpais Avenue,
Mill Valley

Sold at $2,900,000!

This home was sold off-market. Tranquil, sun-drenched Middle Ridge one-level family home, with fantastic views of Mt. Tam and the surrounding hillside...
 
Buyer Represented

315 Panoramic Hwy,
Mill Valley

Sold at $1,900,000!

Stunning panoramic views in one
 of the most mystical settings 
overlooking precious protected
 open space and the Pacific Ocean...
 
Buyer Represented

90 Evelyn Avenue,
Mill Valley

Sold at $2,150,000!

Private and peaceful living off the Lovell loop with wonderful 
views of the redwoods 
and Cascade Canyon…
 
Buyer Represented

16 Milland Ct,
Mill Valley

Sold at $2,010,000!

Gorgeous Richardson Bay views, and on a quiet small cul-de-sac with 
level walk-out garden and view-facing deck as well as a two-car attached garage!
 
Buyer Represented

8 Neila Way,
Mill Valley

Sold at $1,825,000!

Beautiful Mt. Tam views, this three-bedroom, three-bathroom home, is completely remodeled and offers an open floor plan with a wonderful back garden and patios...
 
Buyer Represented

Please see my website for a 
comprehensive list of sales

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December 2022 Market Report

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December 2022 Market Report

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