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
See all Brentwood Homes for Sale.
(all data current as of 3/10/2014)
$555,000 : 725 S BARRINGTON AVE, Unit 301, Los Angeles1 bed, 1 full bath
$765,000 : 11718 GOSHEN AVE, Unit 7, Los Angeles2 beds, 3 full baths
$599,000 : 390 S SEPULVEDA, Unit 105, Los Angeles2 beds, 2 full baths
$2,395,000 : 1223 N TIGERTAIL RD, Los Angeles4 beds, 3 full baths
$7,100,000 : 331 N CARMELINA AVE, Los Angeles4 beds, 4 full baths
$3,950,000 : 357 CROWN DR, Los Angeles4 beds, 4 full baths
$6,750,000 : 13430 CHALON RD, Los Angeles3 beds, 3 full, 3 part baths
$5,525,000 : 229 OCEANO DR, Los Angeles5 beds, 3 full, 2 part baths
$539,000 : 530 S BARRINGTON AVE, Unit 306, Los Angeles1 bed, 1 full, 1 part baths
$749,000 : 1120 S BARRINGTON AVE, Los Angeles2 beds, 2 full baths
$749,000 : 11838 KIOWA AVE, Unit 101, Los Angeles2 beds, 2 full baths
$649,000 : 11916 GOSHEN AVE, Unit 8, Los Angeles2 beds, 2 full baths
$4,195,000 : 13172 BOCA DE CANON LN, Los Angeles4 beds, 4 full, 1 part baths
$1,850,000 : 968 N NORMAN PL, Los Angeles3 beds, 2 full baths
$489,000 : 11634 GORHAM AVE, Unit 201, Los Angeles2 beds, 1 full bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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