Pacific Union International Tiburon & Belvedere CA Real Estate Market Report (May 2010 Home Sales Update

Sales doubled in April 2010 in the 94920 zip code, which covers Tiburon and Belvedere, CA. — we had 14 trades. Importantly, as evidenced by the chart below, median sales prices are up 15%. Moreover, the number of escrows is up 42% over last year. We are seeing increased all cash activity as last month saw at least two sales over $3 million were funded in cash. I think it is fair to say that the majority of real estate practitioners would agree that the field has tilted back to neutral position in most price bands.

Below are the percentages of homes in escrow in each of the major price bands:

  • 34% of homes priced under $2 million;
  • 17% of homes between $2 million and $3 million;
  • 12% of homes between $3 million and $5 million;
  • 9% of homes over $5 million.

Tiburon and Belvedere homes that sold in February 2010 exhibited the following characteristics:

  • Number of Sales: 14
  • Average Days on Market: 156
  • Price: $2,569,857
  • Square Feet: 3,517
  • Price per Square Foot: $721

If you have any other questions or would like a custom market analysis of your home’s current likely sales price, please call me at (415) 350-9440. My name is Kyle Frazier. I am a Broker, Certified Residential Specialist (CRS), and Certified Luxury Home Marketing Specialist (CLHMS) with Christie’s Great Estates | Pacific Union International Realtors. It is always my pleasure to be of service.