February 2018 | Tiburon / Belvedere Home Sales | Top Agent Real Estate Market Report
Pacific Union | February 2018 | Tiburon / Belvedere Home Sales | Top Agent Real Estate Market Report. January 2018 home sales results for Tiburon and Belvedere were quite low (with just 8 sales) — this is in contrast to the relatively strong sales numbers in other parts of Marin. Of course, homes cost a lot more here. For those not familiar, the Tiburon Peninsula is one of the San Francisco Bay Area’s most desirable and exclusive luxury home enclaves — for many reasons, it is a location highly affluent buyers covet because it is located in Marin County (low crime and good schools) with often incredible views and is minutes from the Golden Gate Bridge. Tiburon and Belvedere consistently post some of the highest average prices in the nation.
Below is a Video About Tiburon & Belvedere, California by Kyle Frazier, Luxury Home Specialist, Top Agent, Pacific Union International Real Estate (Marin County Realtor, CRS, CLHMS, J.D.)
Homes priced below $2 million (almost always located in Tiburon) are generally considered entry level, are somewhat limited in numbers with perhaps 3-5 available at any given time (predictably, there are 4 available at the time of this writing). These homes always receive lots of buyer interest — there were just 2 such sales last month. Stepping up into the $2 million to $5 million price range, you will find the majority of sales activity — there were 4 such sales in January 2018. Above that, in the ultra-luxury market (above $5 million), there were 2 sales. Although there are a number of homes in this ultra-luxury market sector for sale (currently 15 listings), these homes often take a long time to trade (although none are in escrow at the time of this writing, there was an $8 million cash sale with a very fast closing in January).
With 8 sales in January 2018, Tiburon and Belvedere trades are undoubtedly restricted by the slow pace of sales in its bread and butter price range of $3 million to $5 million — there are a fair number of homes are priced there (16 active listings), but the buyers are not biting as strongly.
Below are the percentages of Belvedere and Tiburon homes in escrow in each of the major price bands:
- 57% of homes priced under $2 million;
- 0% of homes between $2 million and $3 million;
- 13% of homes between $3 million and $5 million;
- 0% of homes over $5 million.
Tiburon and Belvedere homes that sold in January 2018, exhibited the following characteristics:
- Number of Sales: 8
- Average Days on Market: 170
- Price: $3,201,500
- Square Feet: 3,092
- Price per Square Foot: $1,038
If you have any questions or would like a custom market analysis of your home’s current likely sales price, please call me at . My name is Kyle Frazier. I am a Top Agent, Broker, Certified Residential Specialist (CRS), and Certified Luxury Home Marketing Specialist (CLHMS) with Christie’s Great Estates | Pacific Union International Realtors. And if you are a buyer, I am also a member of the Top Agent Network (Top 10% in Marin County) and the Marin Platinum Group (Top 100 agents in Marin County). These are elite agent networks with access to dozens of homes being marketed informally and not on the MLS. It is always my pleasure to be of service.