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
$14,495,000 : 118 South Cliffwood Avenue, Los Angeles6 beds, 7 full, 3 half baths
$8,950,000 : 161 Ashdale Place, Bel Air6 beds, 6 full, 1 half baths
$4,999,000 : 16677 Stone Oak Park, Los Angeles5 beds, 6 full baths
$2,950,000 : 12026 Benmore Terrace, Los Angeles5 beds, 4 full, 1 three-quarter, 1 half baths
$3,395,000 : 3044 Elvill Drive, Los Angeles4 beds, 4 full baths
$10,000,000 : 375 Fordyce Road, Los Angeles7 beds, 5 full, 2 three-quarter, 1 half baths
$999,000 : 11820 Mayfield Avenue, Unit 321, Los Angeles3 beds, 1 full, 2 three-quarter baths
$649,000 : 171 North Church Lane, Unit 202, Los Angeles2 beds, 2 full baths
$699,000 : 11646 Chenault Street, Unit 22, Los Angeles2 beds, 2 full baths
$2,299,000 : 521 North Robinwood Drive, Los Angeles4 beds, 2 full, 2 half baths
$2,198,000 : 12336 Ridge Circle, Los Angeles3 beds, 3 full baths
$1,995,000 : 1407 Allenford Avenue, Los Angeles3 beds, 3 full baths
$2,050,000 : 441 South Barrington Avenue, Unit 310, Los Angeles3 beds, 3 full, 1 half baths
$1,169,000 : 11690 Montana Avenue, Unit 303, Los Angeles2 beds, 1 full, 1 three-quarter, 1 half baths
$9,500,000 : 214 Ashdale Place, Los Angeles6 beds, 4 full, 3 three-quarter, 3 half baths
See all Brentwood Homes for Sale.
(all data current as of 2/14/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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