According to the Census: the population of Tiburon CA is 8,666 with 3,906 total housing units, 2.3 people per house, and a mean income of $202,100.
- Estimated average 2009 household income for Tiburon is $272,000
- ‘09 incomes imply Tiburon can support average home prices near $2m
- Current prices are hovering at $2m
- Our fair value estimate for average home prices is $2.3m
- 2004-2009 historical prices average $2.35m
Similar to Belvedere CA Real Estate, some high-end home sales in Tiburon are made by folkswhose current income is not key to their current homeownership, and historically has skewed prices higher than income affordability would suggest. Similar to the rest of Marin-the lack of high-end sales is dragging average prices down in Tiburon. The lower end of the market is a bit stronger-specifically $800k-$1.3m is warm right now with 23% of inventory in contract. Last, it is not clear that average prices in Tiburon will return to levels seen in the past unless the capital markets enable continued liquidity events for the Tiburon buyer pool, and taxes, income and demand remain in relative proximity to current levels.
Please refer to my website for more robust reporting www.thedupontgroup.net .
2009 Home Sales $1.850m +
| Address | Sale Price | sq ft | $/sqft | Days on Mkt |
| 11 Turtle Rock Court | $1,900,000 | 4324 | 439.41 | 132 |
| 7 Acela Drive | $1,900,000 | 3300 | 575.76 | 161 |
| 32 Via San Fernando | $1,920,000 | 3476 | 552.36 | 65 |
| 2420 Spanish Trail Road | $1,920,700 | 2512 | 764.61 | 67 |
| 105 Geldert Drive | $1,975,000 | 3323 | 594.34 | 83 |
| 55 Trinidad Drive | $2,000,000 | 2588 | 772.8 | 72 |
| 675 Hawthorne Drive | $2,100,000 | 2700 | 777.78 | 99 |
| 20 Upper Cecilia Way | $2,140,000 | 3698 | 578.69 | 50 |
| 941 Owlswood Lane | $2,175,000 | 3361 | 647.13 | 68 |
| 669 Hawthorne Drive | $2,487,500 | 2940 | 846.09 | 338 |
| 7 Acela Drive | $2,575,000 | 3300 | 780.3 | 8 |
| 23 Old Landing Road | $2,750,000 | 3980 | 690.95 | 20 |
| 333 Blackfield Drive | $2,775,000 | 4521 | 613.8 | 42 |
| 6 Mariposa Court | $3,020,000 | 4359 | 692.82 | 24 |
| 59 Trinidad Drive | $3,112,500 | 3550 | 876.76 | 83 |
| 2311 Spanish Trail Road | $3,328,988 | 4465 | 745.57 | 142 |
| 193 Gilmartin Drive | $5,375,000 | 6566 | 818.61 | 344 |
| 140 Antonette Drive | $7,500,000 | 7123 | 1,052.93 | 115 |
| 3 Rolling Hills Road | $9,000,000 | 7475 | 1,204.01 | 312 |
| Averages | $3,155,510 | 4,082.16 | 738.14 | 135 |
Posted by David DuPont 415-867-6611
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