Belvedere and Tiburon sit on the Tiburon Peninsula and associated islands, just across a narrow portion of the San Francisco Bay and the Golden Gate Bridge. Real estate is expensive. Several homes each year sell for $5 million and up. As 2009 began to unwind, the luxury sector was flat for obvious reasons and it seemed as though the highly valued luxury homes with jetliner views and royal class appointments would never sell again — that has changed. For three months straight we have experienced sales above the $5 million mark. Nonetheless, sales and activity remain choppy. There are currently 109 listings in the 94920 zip code, which covers Tiburon and Belvedere (down 4 from last month). Twenty-one of these properties are priced over $5 million. In the lower price segments, activity is tepid. There were just 6 sales in September 2009 — 4 of these homes were priced under $1 million. Meanwhile, there are currently 30 properties listed for sale under $2 million. [Click HERE for the rest of the article, courtesy of www.NorthBayRE.com.]
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