Tiburon, CA Real Estate News

By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of November 6, 2009 a mere 14% of available listings in Tiburon are in escrow. For the month of October 2009 only 8 homes sold in Tiburon, for an average final selling price of $2,408,125. The average original asking price of these homes was $2,703,556. The range of final selling prices was from a low of $490,000 to a high of $6,500,000. Of the 8 homes that sold, 1 sold at the original asking price and 1 sold for more than the original asking price. It took these homes an average of 88 days to sell. To see everything that is currently available for sale through our MLS, click here. To learn more about this area, visit my website or feel free to contact me directly.
Comments 0
By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
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 i...
Comments 0
By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of October 9, 2009 a mere 6% of available listings in Tiburon are in escrow. For the month of September 2009 only 7 homes sold in Tiburon, for an average final selling price of $2,246,429. The average original asking price of these homes was $3,069,857. The range of final selling prices was from a low of $580,000 to a high of $5,880,000. Of the 7 homes that sold (1 of which was a distress sale) 2 sold over their orignal asking prices and all other sold for less than their original asking price. It took these homes an average of 256 days to sell. To see everything that is currently for available for sale on our MLS, click here. For more information about this area visit my website or feel free to contact me directly.
Comments 0
By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
Tiburon and Belvedere, California real estate is some of the most valuable in the Bay Area — Belvedere had a closing at $5.1 million in August 2009. Perhaps because of this, sales and activity remain choppy, despite the favorable market environment for buyers. In fact, even the "anti-real estate" Wall Street Journal recently noted that the real estate market "has rarely looked better" click HERE for article. There are currently 113 active listings in the 94920 zip code, which covers Tiburon and Belvedere (up by about 10 properties from last month). Twenty of these properties are priced over $5 million. While last month’s report noted increasing activity, it appears we are back to baseline experienced in the first quarter of 2009. There were just 8 sales in August 2009 and 6 of these we...
Comments 0
By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of September 11, 2009 only a mere 9% of available listings in Tiburon are in escrow. For the month of August 2009 only 8 homes sold in Tiburon, for an average final selling price of $1,310,625. The average original asking price of these homes was $1,500,273. The range of final selling prices was from a low of $645,000 to a high of $2,575,000. Of the 8 homes that sold (2 of which were distress sales) 1 sold at the original asking price and 1 sold over the original asking  price. It took these homes an average of 119 days to sell. To see everything that is currently available on our MLS click here. To learn more about this area visit my website or contact me directly.
Comments 0
By Dave DuPont, Where Experience Meets Results
(Decker Bullock Sothebys Realty)
According to the Census: the population of Tiburon CA is 8,666 with 3,906 total housing units, 2.3 people per house, and a mean income of $202,100.  Estimated average 2009 household income for Tiburon is $272,000  ‘09 incomes imply Tiburon can support average home prices near $2m  Current prices are hovering at $2m  Our fair value estimate for average home prices is $2.3m  2004-2009 historical prices average $2.35m Similar to Belvedere CA Real Estate, some high-end home sales in Tiburon are made by folkswhose current income is not key to their current homeownership, and historically has skewed prices higher than income affordability would suggest. Similar to the rest of Marin-the lack of high-end sales is dragging average prices down in Tiburon. The lower end of the market is a bit stro...
Comments 0
By Dave DuPont, Where Experience Meets Results
(Decker Bullock Sothebys Realty)
One way to evaluate how much farther prices will have to fall in Southern Marin County CA is to approximate average incomes in each town and to apply some basic financial planning concepts to determine what average prices should be.   Approximate 2009 Average Incomes: Incomes in Tiburon:           $270,000 Incomes in Mill Valley:        $180,000 Incomes in Sausalito:         $167,000  Example:  The average family living in Homes in Tiburon CA  earns $271,500, pays $38,000 income tax, leaving them with $233,500. They spend 30% on mortgage interest, could afford a $70,000 annual mortgage (rate 5.5%), and a $1,274,500 mortgage. The average homeowner has 35% home equity, so Tiburon can sustain an average home value of $1,960,000.   Projected Average Current Difference Tiburon 1,960,157 1,99...
Comments 0
By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
The Tiburon and Belvedere real estate market is showing signs of gathered traction despite ongoing concerns on Wall Street regarding consumer confidence and spending. There are currently 102 active listings in the 94920 zip code, which covers Tiburon and Belvedere (down from 120 last month). Nineteen of these properties are priced over $5 million — however, three are currently in escrow and we did see a sale close for $7.5 million in July. This activity is up sharply from the flatline base experienced in the first half of 2009. Meanwhile, there is also fairly strong activity in the lowest price band (under $2 million), which accounted for 9 sales in July 2009. Overall, we saw 13 homes close escrow in July, as compared with 7 sales in April and May 2009, and 10 in June 2009.  One intere...
Comments 0
By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of August 13, 2009 only 14% of available listings in Tiburon are in escrow. For the month of July 2009 only 12 homes sold in Tiburon for an average final selling price of $1,827,117. The average original asking price of these homes was $2,235,500. The range of final selling prices was from a low of $350,000 to a high of $7,500,000. Of the 12 homes that sold, all sold for less than their original asking price. It took these homes an average of 147 days to sell. To search our MLS and see everything that is currently available for sale, click here. For more information about this area visit my website or feel free to contact me directly.
Comments 0
By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
Consistent with last month, the Tiburon and Belvedere real estate markets remain in a state of semi-slumber pending further clarity regarding the equities and housing markets. There are currently 110 active listings in the 94920 zip code, which covers Belvedere and Tiburon. Twenty-three of these properties are priced over $5 million with just one such home going into escrow in the past 3 months). Meanwhile, there is some limited activity in the lower price bands, including 2 sales in the $2 million to $3 million range. In June 2009, we had 10 sales compared with 7 sales in May 2009 (same as April 2009). Six of last month’s sales were properties priced under $2 million. One interesting observation based on the below graph: not until March of this year did the median asking price for hom...
Comments 0
By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of July 8, 2009 only 12% of available listings in Tiburon are in escrow. For the month of June 2009 only 8 homes sold in Tiburon for an average final selling price of $1,996,063. The average original asking price of these homes was $2,124,375. The range of final selling prices was from a low of $801,000 to a high of $3,112,500. Of the 8 homes that sold, 1 sold for more than the original asking price and all others sold for less.  (1 was a distress sale.) It took these homes an average of 74 days to sell. To see everything that is currently available for sale, click here. To learn more about this area, including all the fun things to do around here, visit my website or contact me directly.
Comments 1
By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
As inventory collects in Southern Marin's toniest locales (Belvedere and Tiburon), we are starting to see and hear about more offers being submitted. Certainly, sellers frustrated by the lack of activity have in some cases taken what they could get. Most recognize that our new economy, post-Equity Market Meltdown, has shifted the pricing and value expectations of buyers. While I perceive a high level of pent up buyer demand, buyers seem to be willing to wait things out. Much of this behavior is based on expectations of further price declines weighed against likely increased interest rates in the near to mid-term future. Most buyers I talk to recognize that the time to act, if not here yet, is close. Indeed, when buyers see value, they act. In fact, Morgan Lane Marin has 16 closings comi...
Comments 0
By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of June 3, 2009 only 9% of listings in Tiburon are currently in escrow. For the month of May 2009 only 6 homes sold in Tiburon for an average final selling price of $1,843,917. The average original asking price of these homes was $2,186,500. The range of final selling prices was from a low of $876,000 to a high of $2,775,000. Of the 6 homes that sold only 1 sold for more than the original asking price and all other sold for less. It took these homes an average of 126 days to sell. To see everything that is currently available for sale through out MLS click here. To learn more about this area visit my website or contact me directly. To see some of the fun things to do around here click here.
Comments 0
By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
There is nothing like Springtime on the Tiburon Peninsula, Corinthian Island, and Belvedere Island. Not only is the setting the most stunning in the World, but the wave of homes that hit the market this time of year is always awesome in its suddenness and impressiveness. Following a lackluster January & February 2009, March delivered 6 sales, including five sales in the $3 million to $10 million price range. Certainly, some extremely alluring inventory has found its way to market over the past few weeks, as we now have 19 homes on the market over $5 million, with more to come, including a couple of homes that are stunning!   As predicted, many of the homes taken off the market during November and December 2008 are being re-listed with adjusted prices (35 homes were withdrawn or expired...
Comments 0
By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of April 6, 2009 only 7% of available listings in Tiburon are in escrow. For the month of March 2009 only 4 homes sold in Tiburon for an average final selling price of $4,725,997. The average original asking price of these homes was $5,760,000. The range of final selling prices was from a "low" of $1,200,000 to a high of $9,000,000. All 4 of these homes sold for less than their original asking price.  Worth noting, of these 4 homes 1 sold with seller financing 2 were cash purchases and only 1 was conventional financing.  It took these homes an average of 235 days to sell. To see everything that is currently available for sale through our local MLS, click here. To learn more about this area visit my website or feel free to contact me directly.
Comments 0
By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of March 6, 2009 only 12% of available listings in Tiburon are in escrow. For the month of February 2009 only 4 homes sold in Tiburon for an average final selling price of $959,000. The average original asking price of these homes was $1,210,975. The range of final selling prices was from a low of $151,000 to a high fo $2,100,000.  (Only 1 home sold for more than $1M with all others selling at $815,000 or less.) It took these homes an average of 97 days to sell. To see more recent home sales history for Tiburon and the surrounding area, click here. To see homes that are currently available for sale in the area, click here. To learn more about the area visit my website or contact me directly.
Comments 0
By Kyle Frazier, Kyle Frazier , CRS & Marin CA Realtor
(Christie's Great Estates | Pacific Union International)
The past few weeks have been glorious on the Tiburon Peninsula and Marin County. My 4 year old daughter Scarlett and I went for a walk with our dog along the rail trail (a former railroad line that is now a bike path skirting the bay) from Blackie’s Pasture last Wednesday and it must have been 75 degrees. The sun was warm and the water azure. Even Carmen (our black lab, if you are curious) seemed content to stroll in a leisurely fashion, enjoying the afternoon. Afterwards we went over to the ice cream shop downtown, took our cones to the grassy area by the ferry terminal and ate. Actually, I tripped, dropped my ice cream, and Carmen eagerly cleaned up the mess. Nevermind that just 2 homes sold in January 2009, this was a perfect day.    Indeed, while this time of year is generally slow...
Comments 0
By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of February 7, 2009 only 8% of available listings in Tiburon are in escrow. For the month of January 2009 only 2 homes sold in Tiburon, for an average final selling price of $1,515,000. The average original asking price of these homes was $1,622,500. The final selling prices of the two homes were $855,000 and $2,175,000. Both of these homes sold for less than their original asking price. It took these 2 homes an average of 103 days to sell. To see all homes that are currently available for sale, click here. For more information about this area visit my website or contact me directly.
Comments 0
By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
As of January 13, 2009 only 6% of available listings in Tiburon are in escrow. For the month of December 2008 only 7 homes sold in Tiburon for an average final selling price of $1,850,986. The average original asking price of these homes was $2,003,429. The range of final selling prices was from a low of $505,000 to a high of $3,200,000. Of the 7 homes that sold, 1 sold at the original asking price and the other 6 sold for less. It took these homes an average of 58 days to sell. To see everything that is currently available for sale, click here. To learn more about this area visit my website or contact me directly.
Comments 0
By Mark Cooper, Marin Commercial Leasing Agent
(HL Commercial- Marin County, CA)
I have a buddy that is looking to move to Tiburon in the next few months, now I am able to kill two birds with one stone, I can shop for him, and see how much nicer a place would actually need to be if I were to sell my house and move there instead. Not much up to my liking, but I have found the sweet spot for me is about 3 to 4m. My daughter morgan and I saw a few houses after church on sunday 12/21/08, I did like 7 Hillcrest Road,  its a 5 bedroom, 5 bath for 3.75m. I liked the solid doors and walls, the floorplan had a nice flow. I am not a fan of paradise drive, but this was not too far from Blackies Pasture and Tiburon Blvd. The listing agent Britt Engel of first marin realty was nice, knew construction inside and out, as well as the luxury home market in Tiburon. This is one of th...
Comments 0