Tiburon and Belvedere home sales remained steady in August 2010 with nine sales - all in Tiburon. Building on a trend noted in this report over the past few months, median sale prices continue to rise while asking prices continue to drop. Both of these very important market indicators point to an improving market and more realistic expectations by sellers - the median price of homes for sale is down 7% and the median price of homes sold is up 4%. Also of interest is the fact that there are 6 homes currently available in Belvedere below $2 million (I don't recall this number of "affordable" homes being available for a number of years) and another 26 such properties for sale in Tiburon.
Below are the percentages of homes in escrow in each of the major price bands:
- 20% of homes priced under $2 million;
- 17% of homes between $2 million and $3 million;
- 6% of homes between $3 million and $5 million;
- 0% of homes over $5 million.
Tiburon and Belvedere homes that sold in August 2010 exhibited the following characteristics:
- Number of Sales: 9
- Average Days on Market: 65
- Price: $2.326 million
- Square Feet: 3,254
- Price per Square Foot: $653
If you have any 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.