01 Jan Greenbrae CA Real Estate 2013 Year-End Review
Greenbrae SFR homes show the greatest relative strength of any town in Marin. The demand for Greenbrae homes far exceeds supply, and under 50 homes typically sell each year.
Both The DuPont Group (TDG) Price index and median prices are at an all-time high:
and the selling $/sqft data also shows strength.
The median size home in Greenbrae is 2,857sqft.
Lot values and structure values as a derivative of home prices show even strength meaning buyers will buy in Greenbrae as opposed to Corte Madera, Larkspur or Kentfield if they find the right lot/location and layout/finish.
Greenbrae Structure Values (aka the market price or cost of the median depreciated home as derivative of all homes that sell each year) in Greenbrae:
The bottom half of the market is showing incrementally more strength than the top 50%, but the entire SFR market in Greenbrae is strong:
Median Lot values as a derivative of homes that sold in in Greenbrae this year are $683,000, average lot values are $703,500. The 95th percentile lot value as a derivative of 2013 sales is $1.24m and the maximum lot value as defined by the 7 year trend is was $2m – the highest ever for Greenbrea.
Sellers are advised to renovate homes prior to selling as buyers are paying up for finished Greenbrae homes.
The DuPont Group hopes to take at least 1 listing in Greenbrae this year, if you have plans to sell please consider us for your home listing. Thank you and Happy New Year.