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

Sales increased again in May 2010, building on April's impressive sales numbers. In the 94920 zip code, which covers Tiburon and Belvedere, CA. - we had 16 trades.

Importantly, as evidenced by the chart below, several indicators point to an improving market - the number of homes for sale is down 12% and the number of homes sold is up 129%. 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.

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

• 13% of homes priced under $2 million;
• 16% of homes between $2 million and $3 million;
• 12% of homes between $3 million and $5 million;
• 8% of homes over $5 million.

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

• Number of Sales: 16
• Average Days on Market: 117
• Price: $2,169,812
• Square Feet: 3,291
• Price per Square Foot: $723

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.