4/30/10:Â There has been an increase in activity in Tiburon homes over the last 30 days. The number of homes in contract has increased to 26% from 18%. This is positive as more homes are coming to the market and more homes are actually selling– which is what we look for of course. There does seem to be a growing number of stale listings, but these seem to be eventually selling once sellers drop their prices to more modest levels.
Tiburon has actually just overtaken Mill Valey as the town in Southern Marin with the greatestÂ % of homes in contract– which is surprising as Tiburon prices have only partially corrected. Tiburon real estate is trading about -17% below 2009 levels and only -5% -7% below what my model shows as fair value for the area.
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