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. 

[Click HERE for the rest of the article, courtesy of www.NorthBayRE.com].