Tiburon & Belvedere CA Real Estate Market Report (April 2010 Home Sales Update

Sales and escrows in the 94920 zip code, which covers Tiburon and Belvedere, CA., remain anemic. In March 2010, we saw just 7 trades. However, the average price per square foot jumped dramatically to $866 (up from just $611 in January). We are seeing increased all cash activity as last month saw at least two sales over $3 million were funded in cash. Moreover, escrow activity is up with 40% of homes listed between $2 mil. and $3 mil. under contract — overall, the number of escrows is up 150% over last year.

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

  • 26% of homes priced under $2 million;
  • 40% of homes between $2 million and $3 million;
  • 22% of homes between $3 million and $5 million;
  • 0% of homes over $5 million.

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

  • Number of Sales: 7
  • Average Days on Market: 204
  • Price: $2,830,857
  • Square Feet: 3,344
  • Price per Square Foot: $866

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.