Tiburon dominated the Marin markets in Q4, beating out all neighboring markets quite significantly.

The condominium market continues to climb in value, eclipsing the revered $1,000/foot average over an entire quarter for the first time in history. While $1,000/foot is normal in San Francisco, you seldom see it on the peninsula, let alone as the average for an entire quarter.

The median market continued to pop, with 7x home sales selling $400,000 above the yearly $3,600,000 average, and no sign of a slow down in sight. For frame of reference, the average price for a single family home in Tiburon in 2019 was $2,550,000.

The luxury market continues to see significant buyer attention, too, with a bulk of sales all going into contract late in the year, averaging just shy of $8M. 7 massive sales in Q4 averaging $1M more than the rest of 2021 indicates we're are on a collision course with a very active Spring '22 market. Typically the luxury market cools off toward the tail end of the year, faster than the median.

Although Days On Market remain higher than surrounding neighborhoods, final sales values speak volumes about buyer sentiment. People are willing to pay for the Tiburon lifestyle, now more than ever. 2021 was a year for the record books, and 2022 is poised to look very similar.

The key statistics we will use to objectify market data are as follows:

Total Number of House Sales In Q4: 30

Average Monthly Sales In 2021: 11

Average Sale Price Of Houses In Q4: $4,038,00

Average Sale Price In 2021: $3,665,000

Tiburon Avg Price Per Square Foot Sold:

Average Sale Price Of Condominiums In Q4: $1,615,000

Average Sale Price In 2021: $1,513,000

Average Days On Market in Q4: 39

Months of Supply (total active listings/monthly sales rate): 1.2

Average Supply in 2021: 2.1

Monthly Supply Of Listings In Tiburon:

General sentiment from agents: Tiburon gradually ramped its way to dominating the Marin markets after a slower than expected 2020. As surrounding neighborhoods exploded in value, namely Mill Valley, the median homes in Tiburon began to appear more and more appealing based on views, lot size & local amenity access. This drove a willing and able buyer pool back toward Tiburon, even at higher property values. Typical of most luxury markets, once the surrounding median markets become over inflated, buyer sentiment shifts back to paying top dollar in prime locations, rather than overspending for something less desirable. It takes slightly longer for deals to happen (listing or buying) in Tiburon, but the value drivers will always remain; views, proximity, natural light, and buyers are willing to pay what it costs to live here.

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