Tiburon & Belvedere Market Overview (Home Sales Report as of 3/12/07)
Homes for sale in Tiburon and Belvedere, which boast some of Marin County's most exclusive and luxurious estates and homes, continue to receive a lot of attention. Anything under $2 million in either Tiburon or Belvedere is likely to attract lots of attention. Yet, in Tiburon there are currently three homes for sale in the million dollar range-while many of these homes tend to be smaller and/or in poor condition, in less desirable neighborhoods, and/or located on a steep hill, etc., they provide a great opportunity for entry level Tiburon/Belvedere buyers.
The bread and butter homes of Tiburon are priced between $1.5 million and $2 million and sell reasonably quickly so long as they are nicely maintained, updated, and/or located in desirable neighborhoods. Indeed, the absorption rate for these homes is about 2 months, which is very good. As with the rest of Marin, homes priced correctly may or may not get multiple offers-note: the winning bid (which is not always the highest bid) is likely to be at asking price or just above (unlike the frenzied market of several years ago when overbids were in the stratosphere).
Meanwhile, in Belvedere, anything under $2 million (there are very few these days) tends to move rapidly. But, the remainder of the Belvedere market is currently flat as few properties are currently in escrow. There are a number of super luxury homes (those priced above $4 million) currently on the market. Generally speaking, buyers are still in the driver's seat for most properties.
We can anticipate that more homes will soon come on the market as Spring settles into the land and the flowers begin to bloom in earnest.
Tiburon Home Sales Statistics
Price Range | Units Total | Active Listings | Pending Listings |
Up to $1 million | 3 | 66% | 33% |
$1 mil. - $1.5 mil. | 7 | 43% | 57% |
$1.5 mil. - $2 mil. | 14 | 50% | 50% |
$2 mil. - $4 mil. | 19 | 69% | 31% |
$4 mil. & up | 13 | 100% | 0% |
Belvedere Home Sales Statistics
Price Range | Units Total | Active Listings | Pending Listings |
Up to $2 million | 2 | 50% | 50% |
$2 mil. - $3 mil. | 7 | 100% | 0% |
$3 mil. - $4 mil. | 3 | 67% | 33% |
$4 mil. & up | 8 | 100% | 0% |
Homes in Tiburon (including homes that are active and pending) have been on the market for an average of 103 days and homes that sold in the past month were on the market an average of 156 days. Homes in Belvedere (including homes that are active and pending) have been on the market for an average of 135 days and homes that sold in the past month were on the market an average of 71 days.
If you would like me to run the exact numbers on your neighborhood, just give me a call at (415) 350-9440. It is my pleasure to be of service.
Comments(0)