465 Ridge Road, Tiburon sold off market in January for $7,395,000. It had been for sale on the open market for $8,265,000. Last market sale for this home was in 2014 when it sold for $6,550,000.
Comparing the 2017 real estate market in Belvedere with the 2016 market not much has changed. 29 homes sold (including 2 off market properties) in 2017.
The highest priced home at 345 Golden Gate Avenue sold for $14,460,000 at 88% of the latest list price . The home had been on the market in previous years for a list price of $20,500,000. The least expensive home in Belvedere that sold in 2017 was a bank owned home at 288 Bayview Avenue, selling price was $1,600,500. It was a major fixer upper or tear down and the original list price was $2,000,000.
Other good signs for the Belvedere market is the average sold price for a home is up 22.5% to $4,388,000 from the 2016 average sold price of $3,541,000. The median sold price of those listed in the multiple listing service was $3,200,000. Price per square foot has increased by 11.3% to $1347 per square foot.
I believe the real estate market in Belvedere in 2018 will be much the same as it was in 2017, nice and steady.