Last quarter we wrote that Tiburon had weathered the recession with the least price volatility of any town in Marin County due to its preferential location, family-friendly homes, world class views, and Reed School system. However, after several summers of cold & foggy weather buyers are bypassing Tiburon and choosing Ross, Kentfield and Larkspur. The result so far in 2011 is the WORST year on record for Tiburon. No homes have traded on the MLS above $3.7m. Prices are likely to revert towards the mean & rebound in the 2nd half.
The average year during the last business cycle (2004-present) 105 SFR homes trade in Tiburon with a median price around $1.9m or 715/$sqft. We are running about -18% below that pace on price and about 10% below on unit sales.
As you scan the data below please consider that we compile all this data personally. We donâ€™t buy it andÂ paste it here. Your choice to work with us will save you money as the incredible time commitment required to assemble and publish this data each quarter results in much stronger and more dynamic negotiations which ultimately benefit you whether youâ€™re a buyer or a seller.
The DuPont Group is a dynamic real estate team active in Southern and Central Marin communities. Dave received his MBA from Pepperdine University and is a Certified Financial Planner (CFP). Please call or email us anytime for more information.