Tiburon & Belvedere CA Real Estate Market Report (January 2010 Home Sales Update)
Tiburon and Belvedere have posted $5 million and up sales every month for the past six months. While overall sales and activity remain choppy, anecdotally, we are seeing that interest in these tony nieghborhods rise, along with interest in high-end luxury homes. There are currently 71 listings in the 94920 zip code (compared with 72 last month), which covers Tiburon and Belvedere, CA.
In the lower price bands, activity is strong, with 9 sales in the sub-$3 million price range. In sum, there were 13 sales in December 2009 — more than double the sales total in November 2009. Below is a graph comparing median prices over the past year. While the sales totals remain similar to that of late 2007 (well before the financial crisis of September 2008), inventory is up 43%.
For homes that sold in December 2009, the average price per square foot was $714 — a number drifting down to August’s $674 nadir. Below are the percentages of homes in escrow in each of the major price bands:
- 41% of homes priced under $2 million (up 21% from last month);
- 13% of homes between $2 million and $3 million (up 1% from last month);
- 14% of homes between $3 million and $5 million (down 4% from last month);
- 0% of homes over $5 million (same as last month).
Tiburon and Belvedere homes that sold in December 2009 exhibited the following characteristics:
- Number of Sales: 13
- Average Days on Market: 198
- Price: $2,261,538
- Square Feet: 3,249
- Price per Square Foot: $714
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 | Morgan Lane Marin Realtors. It is always my pleasure to be of service.
p.s. I know of several properties that are not being formally marketed on the MLS, so if you are looking to buy please call me to see if any of these may meet your needs. If you would like a copy of my Tiburon / Belvedere Hotlist, e-mail me at [email protected].