Top Agent | Tiburon / Belvedere Home Sales & Real Estate Market Report | September 2016 | Pacific Union International
Top Agent | Tiburon / Belvedere Home Sales & Real Estate Market Report | September 2016 | Pacific Union International. The August 2016 sales numbers came in light, similar to sales figures in other elite Marin locales. With just 12 sales in August 2016, Tiburon and Belvedere came in 37% fewer than last year (in August 2015 we had 19 sales). This drop is likely due to a combination of increased prices and sheer dearth of move up buyers in the $3 million and up price range — the homes are there, but the buyers are not (this is part of “the shift” in the market). Nonetheless, the Tiburon Peninsula is one of the San Francisco Bay Area’s most desirable luxury home enclaves — a location highly affluent buyers covet. Because it is located in Marin County with often incredible views and is minutes from the Golden Gate Bridge, Tiburon and Belvedere consistently post some of the highest average prices in the nation. On the Tiburon Peninsula, homes priced below $2 million (almost always located in Tiburon) are generally considered entry level, are somewhat rare, and always receive lots of buyer interest (1/2 of all sales last month were under $2 million). Stepping up into the $2 million to $5 million price range, which is our bread and butter price point, you will find the majority of sales activity — there were 4 such sales in August 2016. Above that, in the ultra-luxury market (above $5 million), there were 2 sales. Although there are number of homes in this ultra-luxury market sector for sale (there are currently 14 listings), these homes often take a long time to trade (only one is in escrow at the time of this writing).
Below is a Video About Tiburon & Belvedere, California by Kyle Frazier, Luxury Home Specialist, Top Agent, Pacific Union International Real Estate (Marin County Realtor, CRS, CLHMS, J.D.) | Neighborhoods, Schools, Homes For Sale, MLS, Listings, Shopping, Recreation, Real Estate Trends.
Below are the percentages of Belvedere and Tiburon homes in escrow in each of the major price bands:
- 50% of homes priced under $2 million;
- 24% of homes between $2 million and $3 million;
- 27% of homes between $3 million and $5 million;
- 7% of homes over $5 million.
Tiburon and Belvedere homes that sold in August 2016, exhibited the following characteristics:
- Number of Sales: 12
- Average Days on Market: 63
- Price: $2.88 million
- Square Feet: 2,994
- Price per Square Foot: $962
If you have any questions or would like a custom market analysis of your home’s current likely sales price, please call me at . My name is Kyle Frazier. I am a Top Agent, Broker, Certified Residential Specialist (CRS), and Certified Luxury Home Marketing Specialist (CLHMS) with Christie’s Great Estates | Pacific Union International Realtors. And if you are a buyer, I am also a member of the Top Agent Network (Top 10% in Marin County) and the Marin Platinum Group (Top 100 agents in Marin County). These are elite agent networks with access to dozens of homes being marketed informally and not on the MLS. It is always my pleasure to be of service.