Tiburon & Belvedere CA Real Estate Market Report (September 2009 Home Sales Update)

Tiburon and Belvedere, California real estate is some of the most valuable in the Bay Area — Belvedere had a closing at $5.1 million in August 2009. Perhaps because of this, sales and activity remain choppy, despite the favorable market environment for buyers. In fact, even the "anti-real estate" Wall Street Journal recently noted that the real estate market "has rarely looked better" click HERE for article.

There are currently 113 active listings in the 94920 zip code, which covers Tiburon and Belvedere (up by about 10 properties from last month). Twenty of these properties are priced over $5 million. While last month’s report noted increasing activity, it appears we are back to baseline experienced in the first quarter of 2009. There were just 8 sales in August 2009 and 6 of these were under $1 million. There are currently 29 active properties listed for sale under $2 million in Tiburon and Belvedere — 7 additional homes are in escrow.  

One interesting observation based on the below graph: not until March of this year did the median asking price for homes in Belvedere dip below that of 2008. Belvedere was the last Marin city to experience that shift (a full 6 months after Tiburon). Over the past several months however, that shift has become more exaggerated as prices begin reflecting market realities. In contrast, Tiburon’s asking prices have actually increased — of course, these are asking prices, not sales prices. 

Real Estate Market Chart by Altos Research www.altosresearch.com
For homes that sold in August 2009, the average price per square foot was $674 — omit Belvedere’s $5.1 million sale last month and that number dips to $608 per square foot. Below is a chart with up to date figures relating to the number of homes on the market in Tiburon and Belvedere, along with the number of homes currently in escrow. Note in the chart below, beyond the entry level price band, activity was slow this past month.  

Price Range

Total Active Properties

In Escrow

up to $2 million



$2 million to $3 million



$3 million to $5 million



$5 million to $10 million



$10 million and up



Tiburon and Belvedere real estate that sold last month exhibited the following characteristics:
  • Number of Sales: 8
  • Average Days on Market: 118
  • Price: $1.867 million
  • Square Feet: 2,631 
  • Price per Square Foot: $674
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 and I am a Certified Residential Specialist (CRS) and Broker Associate with Christie’s Great Estates | Morgan Lane International Real Estates. 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]