Tiburon Real Estate Market Update - Nov 17
Nov 17th, 2008 by Ginger Wilcox
This market profile is a snapshot of what is happening in Tiburon. Tiburon home prices went down again this week while listing inventory and days-on-market have been increasing. These trends indicate a weakening market. The Market Action Index has been essentially flat.
| Tiburon Real Estate Market Update | |
| Median List Price | $2,465,500 |
| Asking Price per Square Foot | $880 |
| Average Days on Market | 121 |
| Percent of Properties with Price Decrease | 41% |
| Percent Relisted | 3% |
| Median House Size (sq ft) | 3,037 |
| Median Lot Size | 0.25-0.50 acre |
| Median Number of Bedrooms | 4.0 |
| Median Number of Bathrooms | 3.5 |
| Market Action Index | 15 - Cold! Buyer’s Market |
The Market Action Index answers the question “How’s the Tiburon Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
Tiburon Real Estate Market Data effective as of November 17, 2008. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.
Thank you for reading my Marin County Real Estate Blog!
Posted By: Ginger Wilcox - Marin Real Estate Agent - Marin Fine Properties
Ginger Wilcox is a Broker Associate with Alain Pinel Realtors, Inc specializing in Marin Real Estate.
