Tiburon 3rd Quarter Update

I’m trying to Go Green and will begin posting our quarterly updates on here. I will send reminders to look for them on the internet, but will eventually only notify you of the postings via the Tiburon Community Facebook page. Part of this change comes from the request to separate the Tiburon Sales from the Villages Sales for the purpose of averaging the sales. I will have more room to explain the averages on here!

Below are the properties that have sold in both Tiburon and The Villages

Address	Bedrooms	Baths	SQ FT	Sale Price	SP/SQ FT
404 DRURY	4	4	2891	$ 399,900.00	$ 138.33
400 DRURY	4	3.5	2661	$ 376,000.00	$ 141.30
500 BROMPTON	4	3.5	2469	$ 306,400.00	$ 124.10
700 ST. MARTIN	4	3	2275	$ 310,000.00	$ 136.26
512 BROMPTON	4	2	2180	$ 278,900.00	$ 127.94
710 ST. MARTIN	4	2	2066	$ 277,000.00	$ 134.08
712 ST. MARTIN	4	3	2107	$ 273,900.00	$ 130.00
715 ST. MARTIN	4	3	2121	$ 275,900.00	$ 130.08
706 ST. MARTIN	4	3	2030	$ 268,000.00	$ 132.02
510 BROMPTON	4	2	2096	$ 267,500.00	$ 127.62
217 PICCADILLY	4	2	1981	$ 251,500.00	$ 126.96
224 IXWORTH	3	2	1677	$ 235,000.00	$ 140.13
420 HALF MOON	4	2	1879	$ 233,000.00	$ 124.00
707 ST MARTIN	3	2	1790	$ 238,000.00	$ 132.96
419 HALF MOON	3	2	1749	$ 225,000.00	$ 128.64
702 ST. MARTIN	3	2	1749	$ 232,900.00	$ 133.16
713 ST. MARTIN	3	2	1713	$ 227,500.00	$ 132.81

During the 3^rd Quarter of 2011, Tiburon has had 17 properties sell between both sides. The Villages at Tiburon has been hopping with 14 of the sales, while Tiburon has had 3.

New Construction is still dominating the sales on both sides of the neighborhood. Two of the 3 homes sold in Tiburon were new construction homes, and the Villages only had 3 existing homes sell out of the 14 (the other 11 were new construction).

Tiburon:

Existing Tiburon homes sales year-to-date have been averaging $126.96 (I did remove a short sale from the data set), falling between $121.31 to $132.86 per square foot. Tiburon Homes are a spending on average 46 days of the market (List to close).

New construction homes are averaging about $135.61 per square foot with a range between $123.48 to $148.70

Villages at Tiburon:

Existing homes in The Villages at Tiburon have been averaging $126.28 per square foot. Homes have ranged from $115.00 to $140.13 per square foot! On average existing homes in Tiburon spend about 50 days on the market.

On The Villages side, new construction is hopping, and our builder’s cannot keep up. New construction homes are averaging $131.63 per square foot, but have sold as high as $137.39 a square foot.

Overall Tiburon as a whole is one of the most (if not the most) desirable communities in North Bossier. With the school reports cards coming out, and W.T. Lewis topping the ranks with a coveted A+ rating, I don’t see the Tiburon market slowing down anytime soon.

The new phase of The Villages is finally open which is the biggest hurdle for our existing home sales. Tiburon is not at any less risk than the Villages, especially since we are seeing homes comparable in size to the Tiburon side being built. There are also quite a few great lots available in the new phase. Also, new construction is a mindset we cannot overcome easily. Many buyers will purchase a smaller home, smaller lot, and even fewer upgrades to have that “new home.” Because of this, it is pertinent to price your home right and have a marketing plan specific to your property to draw those buyers to your home.

If you are thinking about selling your property, feel free to give me a call for a free, no obligation Comparative Market Analysis (CMA) and marketing consultation. If your home is currently for sale, you can (and should) request regular marketing updates from your agent to assess your marketing plan so you can adjust if needed.

If you have any questions or concerns about the data or market, you are welcome to call, text or email me!