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

There is nothing like Springtime on the Tiburon Peninsula, Corinthian Island, and Belvedere Island. Not only is the setting the most stunning in the World, but the wave of homes that hit the market this time of year is always awesome in its suddenness and impressiveness. Following a lackluster January & February 2009, March delivered 6 sales, including five sales in the $3 million to $10 million price range. Certainly, some extremely alluring inventory has found its way to market over the past few weeks, as we now have 19 homes on the market over $5 million, with more to come, including a couple of homes that are stunning!  

Real Estate Market Chart by Altos Research www.altosresearch.com
As predicted, many of the homes taken off the market during November and December 2008 are being re-listed with adjusted prices (35 homes were withdrawn or expired in the final 2 months of 2008). Indeed, in light of the startling numbers relating to Days on Market and final sales price, sellers are well advised to price their homes aggressively (if you would like a chart depicting list price to sales price ratios based on the number of days on the market so far this year, please contact me by calling (415) 350-9440. 
Tiburon and Belvedere currently have 28 active properties listed for sale under $2 million and another 5 are in escrow. 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. The market is beginning to incline upwards in terms of sales numbers. 
As noted above, sales in March 2009 tripled those of February. One of the sales was a Tiburon home that sold for a mere $1.2 million. The remaining sales were all over $3 million. Last month’s price topper was a newly built Tiburon view estate which sold for $9 million (asking price was $10.5 million) — about $1,200 per sq. ft. 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. 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.