Let’s take a look at how the Brentwood Los Angeles real estate market did in 2011.
I have split the 2011 Brentwood real estate market report into four sections, single family by price breakdown and condos. I have also shown relevant percentage comparisons with the 2010 statistics.
Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.
6 months worth of inventory is a balanced market. Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.
So how did Brentwood do?
The Brentwood Los Angeles luxury housing market saw a huge drop in both sales and median price, especially over the last three months when compared to the same period last year. With 17 homes on the market and only one sale in 3 months, buyers should be out in force in Brentwood.
The Brentwood condo market is definitely a sellers’ market and doing well. The median price is down somewhat over the same last 3-month period last year but overall, Brentwood condo sellers should consider putting their homes on the market.
Previous Market Reports
$529,000 : 11687 MONTANA Avenue , Unit 104, Los Angeles1 bed, 1 full bath
$7,500 : 1210 N N. KENTER Avenue, Los Angeles2 beds, 2 full, 1 half baths
$2,995,000 : 1820 OLD ORCHARD Road, Los Angeles3 beds, 3 full baths
$325,000 : 1154 S Barrington Avenue , Unit B, Brentwood0 beds, 1 full bath
$1,890,000 : 218 S Thurston Avenue, Los Angeles2 beds, 2 full baths
$2,225,000 : 523 N BONHILL Road, Los Angeles3 beds, 3 full baths
$1,495,000 : 1000 GRANVILLE Avenue , Unit 403, Los Angeles3 beds, 2 full, 1 three-quarter baths
2 beds, 2 full baths
$3,248,000 : 11426 ALBATA Street, Los Angeles5 beds, 4 full baths
2 beds, 2 full baths
$6,488,000 : 251 S MEDIO Drive, Los Angeles6 beds, 6 full, 2 half baths
$1,099,000 : 277 S BARRINGTON Avenue , Unit E1, Los Angeles3 beds, 2 full baths
$779,000 : 11733 GOSHEN Avenue , Unit 101, Los Angeles2 beds, 2 full baths
$1,269,000 : 575 S BARRINGTON Avenue , Unit 402, Los Angeles3 beds, 2 full, 1 half baths
$949,000 : 11755 MONTANA Avenue , Unit 107, Los Angeles2 beds, 2 full baths
See all Brentwood Homes for Sale.
(all data current as of 6/28/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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