Marin Luxury Report (October 2010)

November 12, 2010 by  

Tiburon and Belvedere home sales rose a bit in September 2010 with eleven sales. Building on a trend noted in this report over the past few months, median sale prices continue to rise while asking prices continue to drop. Both of these very important market indicators point to an improving market and more realistic expectations by sellers — the median price of homes for sale is down 7% and the median price of homes sold is up 17%. Also of interest is the fact that there are multiple homes currently available in Belvedere below $2 million and another two dozen such properties for sale in Tiburon.

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

  • 26% of homes priced under $2 million;
  • 20% of homes between $2 million and $3 million;
  • 20% of homes between $3 million and $5 million;
  • 0% of homes over $5 million.
[Click here for the rest of the report, courtesy of www.ImagineMarin.com]

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