Marin County Real Estate Blog

The average price per square foot for homes in Greenbrae, California is around $520, up nearly 8% from a year ago. The median sales price for homes sold over the last two months was just over $925,000 based on 29 homes sold. Compared to the same time frame a year ago, the median price is up more than 13%. In the week ended June 12th, the average listing price for homes on the market in Greenbrae was just under $980,000, down just over 1 percent from the week before.

Historical results for Greenbrae:

Greenbrae is a very sought after neighborhood in Marin County. It is in a convenient close-in location, with top rated Kentfield schools, shopping, and great sunny weather.

Greenbrae is considered an unincorporated part of Marin County. It is geographically not very large in comparison to other neighboring Marin cities.

This 3 bedroom property is listed for just $709,000. This property is priced below the market.

It is rare to find a single family home in Greenbrae in this lower price range.

This property on Paseo Way in Greenbrae just went on the market for over $1 million.

It features 4 bedrooms, a pool, and is more typical of the type of property that you will find in Greenbrae for this price. As mentioned earlier, prices for houses in Greenbrae really are not much lower than $1 million. If a house is priced for lower, than it may be a distressed property sale such as a foreclosure or short sale.

In Greenbrae, in the past six months, there were just 4 condominium sales between $500K-$1 million. The reason for this is likely that there is just one small part of the Greenbrae area in Marin County that has condominiums and that is on the Spyglass Hill.

This property located on the Lower Via Casitas in Greenbrae is unique in that it is nearly new (completed in 2007). The property sold in February 2008 at $865,000! Just two years later the same property sold for $640,000.

This is a great example of the types of properties that you can get in this market.

This other property located on Corte Real in Greenbrae sold for $585,000.

There are not a lot of condominiums to choose from in the Greenbrae area, but in many other parts of Marin County, there are a number of great subdivisions to choose from, especially in areas such as San Rafael and Novato.

In the past six months there have been 17 condominium sales under $500,000 in Greenbrae in Marin County.  Surprisingly just a small number of these condominiums were distressed property situations (ie. Short Sale, Bank Owned properties).

This waterfront property on South Eliseo Drive in Greenbrae sold for $480,000 and was listed for $499,000.

These waterfront properties rarely come on the market for sale. Most condominiums that you see in Greenbrae for sale are not waterfront, and if they are waterfront they will usually be at a much higher price point.

This other condominium on South Eliseo Drive in Greenbrae was listed for $369,000 and sold for $350,000.

Again, it is unusual at this price point that the property was not a distressed property situation.  It would be interesting to see what the property values of these condominiums in Greenbrae were just a few years again, at the height of the market (2005/2006).

Below is the Historical Sales data or Kentfield, Greenbrae, Larkspur and Mill Valley from 1971 to 2009.  As you can see there has been a few brief years when the average sale price decreased .  That says a great deal for the stability of homes in these Southern Marin towns.