Tiburon Real Estate Review – ENd-Year 2017
An Inside Look at Marin County Real Estate
Residential real estate in Marin County set new records again this year. Both prices and number of home sales continued to soar. The 2017 average sale price of $1.6 million beat last year’s by 7%, and the number of homes sold climbed by that same amount.
Recently remodeled properties commanded significant premiums, making it wise to consider the return on investment in improving your property before listing.
While the effect of new tax laws remains unclear, demand continues to outstrip supply in all cities and towns. We are confident that demand will sustain a robust sales environment.
Tiburon in particular enjoyed a surge in 2017 with 32% more homes sold compared to 2016 reaching a new annual record sold. The average price climbed 8.5% to a new high of nearly $3.1 million, along with a new record price per square foot sold of $1,009. Nearly 30% of homes sold at a price higher than asking.