Tiburon & Belvedere CA Real Estate Market Report (August 2009 Home Sales Update)
The Tiburon and Belvedere real estate market is showing signs of gathered traction despite ongoing concerns on Wall Street regarding consumer confidence and spending. There are currently 102 active listings in the 94920 zip code, which covers Tiburon and Belvedere (down from 120 last month). Nineteen of these properties are priced over $5 million — however, three are currently in escrow and we did see a sale close for $7.5 million in July. This activity is up sharply from the flatline base experienced in the first half of 2009. Meanwhile, there is also fairly strong activity in the lowest price band (under $2 million), which accounted for 9 sales in July 2009. Overall, we saw 13 homes close escrow in July, as compared with 7 sales in April and May 2009, and 10 in June 2009.
Price Range | Total Active Properties | In Escrow |
up to $2 million | 28 | 26% |
$2 million to $3 million |
28 | 18% |
$3 million to $5 million | 28 | 10% |
$5 million to $10 million | 11 | 21% |
$10 million and up | 7 | 0% |
- Number of Sales: 13
- Average Days on Market: 136
- Price: $2.392 million
- Square Feet: 3,008
- Price per Square Foot: $765