Greenbrae 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.
Greenbrae sales set a new high for pricing. Even without the unusual $4.2 million sale on Brushwood Lane, the average sale price in Greenbrae rose by 7.7% to a new record high. Homes are selling quickly, with 70% of homes being on the market for 30 days or less. Half of all homes closed at prices over original asking, and 66% received multiple offers.