Tam Valley

Property Listings

Price

Living Area

Pending

MLS® 324072773

Welcome to Tam Valley Market News

I'm a proud Tam Valley resident and I love doing business here. I compile local market updates twice a year, so read on for stats and my semiannual take on the economic landscape. Let me know if you have any questions or if you'd like to receive the print version, and if you see me out and about in our lovely neighborhood, I hope you'll say hi.

Market Insights: July through December 2024 & Looking Ahead

This should be an “interesting” year for a whole variety of reasons...and as we start the year, the fires in LA remind us how fortunate we have been here in Tam Valley—for many reasons. As we progress into this new year, I think that locally the real estate market is going to pick up substantively relative to what was a slower fall 2024 market. Given how the real estate market across the country evolved in 2024, the home market here in Tam Valley exhibited notable resilience given the uncertainty in the broader world—our neighborhood remains quite desirable and the demand for homes here, robust.

As noted in previous missives, both Tam Valley and Mill Valley overall tend to remain a bit less impacted by some of the more dramatic ups and downs experienced by other locales; that said, with interest rates fluctuating, affordability will likely continue to be a central concern for home buyers. A slight decline in rates (already down off of the peaks seen mid-2024) will likely bring a renewed energy to buyers, and we anticipate a strong spring market. Lots of data included here to round out and summarize 2024 in home market terms. Of note is the increase in the number home sales in the back half of the year, a slight decrease in $/sq ft relative to the first half and homes taking a bit longer to sell. I’m happy to talk through any questions you have about any details, just reach out!

Jul - Dec 2024 at a Glance

28

HOMES SOLD

32

AVG DAYS ON MARKET

$1,715,000

MEDIAN SALES PRICE

100%

AVG % LIST PRICE RECEIVED

2,180

AVG SIZE SQ FT

$946

AVG PRICE PER SQ FT

Market Insights: January through June 2024 and Looking Forward

We began the year excited and optimistic around the home market, and things began with a renewed fervor among the buying population—with multiple offers the norm (again) and most homes selling over the asking price. Then, around May, things began to balance out—with a bit of a slow- ing and perhaps some dissipating of that fervor. As the summer came on, it started to seem like some listings were “sitting on the market,” which for here is anything more than 3-4 weeks, certainly not what we have become accustomed to in our corner of paradise. You likely have heard about, or seen, the new construction house listed for sale on Northern Ave for ~$4.4M.

This would be a new high-water mark for our neighborhood (in terms of $/sq ft), and so far it seems no takers. I’m hopeful for these sellers though, and it’s really a very special house. As I noted in our last issue, both Tam Valley and Mill Valley overall tend to remain a bit less impacted by some of the more dramatic ups and downs experienced by other locales—and with a likely interest rate drop coming in September we certainly would anticipate a strong fall market coming our way. Our idyllic neighborhood continues to appeal to a variety of buyers, inventory remains limited, and candidly, people looking here usually have the means to make this their home—even when macro market factors aren’t ideal. If you have ques- tions about anything real estate or the neighborhood, let’s chat.

JAN - JUN 2024 AT A GLANCE

Data reflects single-family homes in Tam Valley

16

HOMES SOLD

22

AVG DAYS ON MARKET

$1,815,000

MEDIAN SALES PRICE

104%

AVG % LIST PRICE RECEIVED

2,099

AVG SIZE SQ FT

$957

AVG PRICE PER SQ FT

Market Insights: July through December 2023 and Looking Forward

2023 was an interesting time for real estate with factors like rising interest rates and several insurance providers leaving California contributing to a dip in buyer confidence. That said, as I noted of the first half of 2023, both Tam Valley and Mill Valley overall tend to remain a bit less impacted by some of the more dramatic ups and downs experienced by other locales; our idyllic neighborhood appeals to a variety of home buyers, inventory is limited, and candidly, people looking here usually have the means to make this their home—even when macro market factors aren’t ideal. Some might say we are “insulated.” This continued to be the case in the second half of 2023. While the median sales price varied month to month, in fact average price per square foot didn’t drop precipitously (and you can check out both in the graphs below). We simply didn’t see the same peaks that drove the market from early 2021 through the spring of 2022.

As relatively solid as last year managed to be in Tam Valley real estate, this year we are already seeing economic factors begin to balance out, and newly motivated buyers eager for what few homes are coming to market. So, we anticipate a dynamic market this year! If you have questions about anything real estate or the neighborhood, let’s chat.

TELL ME MORE

JUL - DEC 2023 AT A GLANCE

Data reflects single-family homes in Tam Valley

33

HOMES SOLD

24

AVG DAYS ON MARKET

$1,815,000

MEDIAN SALES PRICE

101%

AVG % LIST PRICE RECEIVED

2,065

AVG SIZE SQ FT

$1,032

AVG PRICE PER SQ FT

Around Tam Valley, CA

There's plenty to do around Tam Valley, including shopping, dining, nightlife, parks, and more. Data provided by Walk Score and Yelp.

40

Car-Dependent

Walking Score

34

Somewhat Bikeable

Bike Score

Points of Interest

Explore popular things to do in the area, including Surf and Sand, Lauren Kern Fitness, and CLOUDBREAK YOGA.

Name	Category	Distance	Reviews	Ratings by Yelp
Visit the Surf and Sand page on Yelp Search 55 Throckmorton Ave on Google Maps	Shopping	1.94 miles	7 reviews	5/5 stars
Visit the Lauren Kern Fitness page on Yelp Search 5651 Paradise Dr on Google Maps	Active	3.2 miles	39 reviews	5/5 stars
Visit the CLOUDBREAK YOGA page on Yelp Search 1621 Bridgeway on Google Maps	Active	2.95 miles	14 reviews	5/5 stars
Visit the Neptune Memorials page on Yelp	Active	2.85 miles	37 reviews	5/5 stars

Demographics and Employment Data for Tam Valley, CA

Population Households Employment

Tam Valley has 4,434 households, with an average household size of 2.82. Data provided by the U.S. Census Bureau. Here’s what the people living in Tam Valley do for work — and how long it takes them to get there. Data provided by the U.S. Census Bureau. 12,535 people call Tam Valley home. The population density is 2,675.31 and the largest age group is Data provided by the U.S. Census Bureau.

12,535

Total Population

High

Population Density Population Density This is the number of people per square mile in a neighborhood.

45

Median Age

47.06 / 52.94%

Men vs Women

Population by Age Group

0-9:

0-9 Years

10-17:

10-17 Years

18-24:

18-24 Years

25-64:

25-64 Years

65-74:

65-74 Years

75+:

75+ Years

Education Level

Less Than 9th Grade
High School Degree
Associate Degree
Bachelor Degree
Graduate Degree

4,434

Total Households

2.82

Average Household Size

$98,963

Average individual Income

Households with Children

With Children:

Without Children:

Marital Status

Married

Single

Divorced

Separated

Blue vs White Collar Workers

Blue Collar:

White Collar:

Commute Time

0 to 14 Minutes

15 to 29 Minutes

30 to 59 Minutes

60+ Minutes

Schools in Tam Valley, CA

All ()

Primary Schools ()

Middle Schools ()

High Schools ()

Mixed Schools ()

The following schools are within or nearby Tam Valley. The rating and statistics can serve as a starting point to make baseline comparisons on the right schools for your family. Data provided by the U.S. Census Bureau.

Type

Name