Single-Family Homes
Thu Feb 21 2019
This week the median list price for Greenbrae, CA is $1,572,500 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has held steady at or around 6.
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Today |
Last Month |
Strong Seller's Market
Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.
Median List Price | $1,572,500 | |
Per Square Foot | $698 | |
Days on Market | 19 | |
Price Decreased | 17% | |
Price Increased | 0% | |
Relisted | 0% | |
Inventory | 6 | |
Median House Rent | $8,500 | |
Most Expensive | $2,695,000 | |
Least Expensive | $900,000 | |
Market Action Index Strong Seller's Market | 45 |
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$2,695,000 | 3,694 | 0.25 - 0.5 acre | 6 | 3 | 48 | 1 | 0 | 0 |
$1,885,000 | 2,136 | 0.25 - 0.5 acre | 3 | 4 | 58 | 0 | 0 | 14 |
$1,572,500 | 2,255 | 0.25 - 0.5 acre | 3 | 2 | 64 | 1 | 0 | 45 |
$1,139,500 | 1,817 | 0.25 - 0.5 acre | 3 | 2 | 72 | 1 | 0 | 7 |