Real Estate Blog

During the first quarter of 2012, higher than normal buyer demand has resulted in an increased number of homes sold by 5% over the same period last year.  Southern Marin properties continue to perform best with many buyers entering the market for the first time and being very competitive. 

Sausalito, Mill Valley and Tiburon markets have seen the return of multiple offers (several homes receiving 10+) for the best prepared and most aggressively priced homes.

The average price of a Marin County single family home sold during the 1st quarter has risen 12% from $885,096 in 2011 to $991,300 YTD.  Considering the number and average list prices of Marin homes currently in contract, Marin property values are strengthening and will continue as long as

Tiburon Market Update – Multiple offers have returned as buyers are being competitive.

Year to date, the number of Tiburon homes sold is up 75% compare to the same period last year due to high demand and very low inventory.  Additionally, the average sold price is up 9% from $1,783,629 to $1,937,003 YTD.  As you can see from the graphs below, upper-market pricing is strengthening but, still trending 24% below peak values.   See the enclosed 2011 vs. Peak flyer.  As of March 27, 2012 there are: 

• 31 – Tiburon Single Family Homes available above $1,500,000 (Average list price of $5,430,355)
• 9 - Contingent or Pending sales (Median ‘Days on Market’ is only 50 days)
• 13 – Tiburon homes sold above $1,500,000 YTD (Average sold price