Let’s check in and see how the Brentwood housing market did in January.
Sold: 2 / +2 over same period last year
Median Price: $792,500
Absorption rate*: 3.5 months
Brentwood condos under $1 Million
Sold: 8 / -1 over same period last year
Median Price: $484,000 / -13.42% over same period last year
Absorption rate*: 6.02 months
Brentwood single family homes $1 to $2 Million
Sold: 6 / +2 over same period last year
Median Price: $1,450,250 / +5.28% over same period last year
Absorption Rate*: 6.15 months
Brentwood Condos $1 to $2 Million
Sold: 0 / -1 over same period last year
Absorption Rate*: 10.84 months
Brentwood single family homes $2 to $5 Million
Sold; 2 / -1 over same period last year
Median Price: $2,312,500 / – 26.64% over same period last year
Absorption Rate*: 6 months
Brentwood single family homes over $5 Million
Sold: 1 / +1 over same period last year
Absorption Rate*: 26 months
*Absorption rate is the number of months it will take to sell the existing inventory. 6 months is a balanced market, over six months a buyers’ market and under six months a sellers’ market. The absorption rates above are based on the last six months sales.
With the exception of condos over $1M and single family homes over $5M the Brentwood L.A. housing market favors sellers. The high end luxury market, as in most areas, is the one that is suffering.
Previous Brentwood Los Angeles market reports
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
- Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
- Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
- Culver City Real Estate - Culver City homes
- Silver Lake Real Estate - Silver Lake single homes
- Echo Park Real Estate - Echo Park homes
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.