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Pacific Union Tiburon & Belvedere CA Real Estate Market Report (July 2010 Home Sales Update)

By Kyle Frazier

Real Estate Agent with Christie's Great Estates | Pacific Union International

July 25, 2010 03:32 PM

In June 2010, Tiburon and Belvedere experienced 13 home sales. Importantly, as evidenced by the chart below, several indicators point to an improving market — the median price of homes for sale is up 3% and the median price of homes sold is up 18%.

Of course, keep in mind that last year (our basis for comparison) was the slowest in memory. Nonetheless, I think it is fair to say that the majority of real estate practitioners would agree that the field has tilted back to neutral position in most price bands. Moreover, the absorption rate of our listings is down over 42%.

Below are the percentages of homes in escrow in each of the major price bands:

17% of homes priced under $2 million;
13% of homes between $2 million and $3 million;
17% of homes between $3 million and $5 million;
5% of homes over $5 million.

Tiburon and Belvedere homes that sold in June 2010 exhibited the following characteristics:

Number of Sales: 13

Average Days on Market: 133

Price: $2,397,923

Square Feet: 3,022

Price per Square Foot: $770

If you have any other questions or would like a custom market analysis of your home’s current likely sales price, please call me at (415) 350-9440. My name is Kyle Frazier. I am a Broker, Certified Residential Specialist (CRS), and Certified Luxury Home Marketing Specialist (CLHMS) with Christie’s Great Estates | Pacific Union International Realtors. It is always my pleasure to be of service.