Every month over the past five months, Tiburon and Belvedere have seen sales in $5 million and up price band. While sales and activity remain choppy, anecdotally, we are seeing that interest in high-end luxury homes is on the rise. There are currently 72 listings in the 94920 zip code, which covers Tiburon and Belvedere (down 21 from last month). In the lower price bands, activity is moderate. The $2 million to $3 million price range accounted for 4 sales last month - there were 6 sales overall in November 2009. Below is a graph comparing median prices over the past year.
For homes that sold in November 2009, the average price per square foot was $781 - far above August's $674. Below are the percentages of homes in escrow in each of the major price bands:
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21% of homes priced under $2 million (up from 20% last month);
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12% of homes between $2 million and $3 million (down 10% from last month);
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18% of homes between $3 million and $5 million (up from 12% from last month);
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0% of homes over $5 million (down from 12% from last month).
Tiburon and Belvedere homes that sold in October 2009 exhibited the following characteristics:
Number of Sales: 6
Average Days on Market: 102
Price: $2,959,167
Square Feet: 3,745
Price per Square Foot: $781
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