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
$3,099,000 : 13123 Garden Land Road, Los Angeles5 beds, 4 full, 1 three-quarter, 1 half baths
$2,049,000 : 1023 S BUNDY Drive, Los Angeles2 beds, 1 full, 1 three-quarter, 1 half baths
$6,795,000 : 2492 MANDEVILLE CANYON Road, Los Angeles6 beds, 5 full, 1 half baths
$2,895,000 : 450 N SKYEWIAY Road, Los Angeles3 beds, 2 full, 1 three-quarter baths
$799,000 : 171 N CHURCH Lane , Unit 619, Los Angeles2 beds, 2 full, 1 half baths
$2,899,000 : 912 N KENTER Avenue, Los Angeles5 beds, 4 full, 1 half baths
$22,500,000 : 800 LINDA FLORA Drive, Los Angeles5 beds, 6 full baths
$5,295,000 : 736 CLAYMONT Drive, Los Angeles5 beds, 2 full, 4 three-quarter, 2 half baths
$8,795,000 : 120 N CLIFFWOOD Avenue, Los Angeles4 beds, 2 full, 3 three-quarter, 1 half baths
$1,949,000 : 300 S THURSTON Avenue, Los Angeles4 beds, 3 full baths
$749,000 : 11646 CHENAULT Street , Unit 9, Los Angeles2 beds, 2 full baths
$1,175,000 : 2222 THE Terrace Terrace, Los Angeles1 bed, 1 full, 1 quarter baths
$1,700,000 : 11808 DOROTHY Street , Unit 308, Los Angeles2 beds, 2 full, 1 half baths
$4,250,000 : 120 Stonehaven Way, Los Angeles3 beds, 5 full baths
$11,495,000 : 525 BELLAGIO Terrace, Los Angeles5 beds, 6 full, 1 half baths
See all Brentwood Homes for Sale.
(all data current as of 10/23/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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