Tucked just east of downtown Walnut Creek, Greenwood Condos has quietly remained one of the city’s best values for buyers seeking an affordable home in a highly desirable location. Built in 1971, the community consists of garden style condominiums spread throughout a mature, tree lined setting with manicured landscaping and a relaxed neighborhood feel. While many Walnut Creek condominium developments have become increasingly expensive, Greenwood continues to offer an attainable entry point into one of Contra Costa County’s strongest real estate markets.
The location is one of Greenwood’s biggest selling points. Residents are only minutes from vibrant downtown Walnut Creek, where Broadway Plaza, locally owned restaurants, coffee shops, wine bars, and boutique shopping create one of the East Bay’s premier downtown districts. Walnut Creek BART is nearby for commuters heading into Oakland or San Francisco, while Interstate 680 and Highway 24 are easily accessible. The Iron Horse Regional Trail, Heather Farm Park, Civic Park, Lesher Center for the Arts, and countless hiking trails are all within a short drive, making Greenwood appealing to buyers who appreciate an active lifestyle.
Greenwood’s amenities are another reason the community continues to attract first time buyers, downsizers, and investors. Residents enjoy multiple swimming pools, greenbelts, walking paths, clubhouse facilities, laundry facilities, beautifully maintained landscaping, and generous open space that gives the community a park like atmosphere. HOA dues generally cover exterior maintenance, roof, common areas, landscaping, water, trash, and several community amenities, allowing owners to enjoy a relatively low maintenance lifestyle.
One of Greenwood’s strengths is the variety of floor plans. Most homes are efficient one bedroom and two bedroom layouts ranging from approximately 490 square feet to 950 square feet. Many owners have renovated kitchens, upgraded flooring, modernized bathrooms, and added dual pane windows over the years, meaning buyers can find everything from original condition units to extensively remodeled homes.
The market over the past two years demonstrates steady buyer demand despite changing interest rates. Twenty four Greenwood condominiums sold during the period covered by the sales report. Sale prices ranged from $305,000 to $490,000, with an average sale price of approximately $378,800 and a median sale price of $372,450.
The one bedroom market remained active throughout both years. Entry level units generally sold from just over $300,000 into the upper $300,000s, while remodeled homes with premium locations or updated interiors frequently reached well into the $400,000 range. The highest price per square foot exceeded $650, reflecting buyers’ willingness to pay for quality renovations in a community where updated inventory remains limited.
Two bedroom homes consistently sold at a premium, particularly the larger 950 square foot floor plans. These units appeal to buyers wanting additional flexibility for a home office, guest bedroom, or growing household while still remaining below the price point of many competing Walnut Creek condominiums.
Recent Greenwood condominium sales include:
| Address | Bed/Bath | Sq. Ft. | Sold Price | Sale Date |
|---|---|---|---|---|
| 150 Sharene Ln #103 | 1/1 | 790 | $320,000 | 6/1/2026 |
| 185 Sierra Dr #206 | 1/1 | 695 | $305,000 | 4/7/2026 |
| 185 Sierra Dr #316 | 1/1 | 695 | $345,000 | 3/20/2026 |
| 175 Sierra Dr #308 | 2/1 | 950 | $475,000 | 3/17/2026 |
| 150 Sharene Ln #214 | 1/1 | 695 | $307,000 | 8/22/2025 |
| 155 Sharene Ln #209 | 1/1 | 695 | $323,000 | 8/22/2025 |
| 155 Sharene Ln #109 | 1/1 | 695 | $305,000 | 8/20/2025 |
| 150 Sharene Ln #312 | 1/1 | 695 | $349,900 | 8/20/2025 |
| 150 Sharene Ln #104 | 1/1 | 790 | $350,000 | 9/19/2025 |
| 185 Sierra Dr #314 | 1/1 | 695 | $325,000 | 12/4/2025 |
| 185 Sierra Dr #102 | 2/1 | 790 | $420,888 | 11/5/2025 |
| 150 Sharene Ln #111 | 2/1 | 950 | $458,000 | 10/31/2025 |
| 175 Sierra Dr #309 | 2/1 | 790 | $425,000 | 12/16/2025 |
| 185 Sierra Dr #315 | 1/1 | 695 | $395,000 | 11/6/2024 |
| 185 Sierra Dr #103 | 1/1 | 790 | $427,500 | 10/23/2024 |
| 185 Sierra Dr #202 | 2/1 | 790 | $430,000 | 9/10/2024 |
| 185 Sierra Dr #203 | 2/1 | 790 | $450,000 | 9/12/2024 |
| 1240 Walker Ave #101 | 2/1 | 790 | $490,000 | 9/6/2024 |
| 155 Sharene Ln #101 | 2/1 | 790 | $400,000 | 8/17/2024 |
| 1236 Walker Ave #207 | 1/1 | 695 | $399,000 | 7/17/2024 |
The sales tell an interesting story. Buyers consistently paid premiums for remodeled kitchens, updated bathrooms, luxury vinyl plank flooring, recessed lighting, and private patios or balconies. Larger two bedroom floor plans continued to outperform one bedroom units in overall value, while renovated one bedroom homes often produced some of the highest prices per square foot within the community.
Greenwood also benefits from its position within the Walnut Creek market. Buyers comparing Greenwood with developments closer to downtown frequently discover they can purchase a larger home while still remaining within minutes of Broadway Plaza, excellent restaurants, farmers markets, and BART. For investors, Greenwood has historically maintained strong rental demand because of its affordability relative to other Walnut Creek neighborhoods and its proximity to major employers and transportation.
For sellers, Greenwood has demonstrated a healthy resale market despite higher mortgage rates over the past two years. Well presented homes that have been thoughtfully updated continue to attract multiple buyers, particularly when priced appropriately. For buyers, Greenwood remains one of the few opportunities to own in Walnut Creek at a price point that has become increasingly difficult to find elsewhere in the city.
Whether you are purchasing your first home, downsizing from a larger property, or adding an investment to your portfolio, Greenwood Condos continues to offer a combination of affordability, amenities, location, and long term value that has helped make it one of Walnut Creek’s most enduring condominium communities. Questions on buying or selling in Greenwood you can contact Derek Wagley, Broker Associate at Keller Williams Realty at 925-451-6679 or dwagley@kw.com
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