Brentwood Los Angeles Real Estate Market Report 2011

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.

What is Market Absorption?Search Homes for Sale in Brentwood, Brentwood Real Estate

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?

Brentwood Los Angeles Housing Market Report 2011The under $2M single family housing market in the Brentwood area of Los Angeles is fairly steady and reflects a sellers’ market.  The median price inched up over the same period in 2010.

Brentwood Los Angeles 2011 Housing Market ReportBrentwood homes for sale from $2 to $5M still remain in a sellers’ market primarily because inventory remains fairly low.  The median price has dropped almost 30% over the same period in 2010.

Brentwood Los Angeles Luxury Housing Market Report 2011

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.

Brentwood Los Angeles 2011 Condo Market ReportThe 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

Brentwood Real Estate Market Report, November 2011
Buying a Brentwood Home How did the Market Do?
Brentwood Los Angeles Luxury Real Estate Market

 

  1. 2 beds, 2 full baths
    Home size: 1,508 sq ft
    Lot size: 30,077 sqft
    Year built: 1974
    Days on market: 1
  2. 3 beds, 3 full, 1 part baths
    Home size: 2,043 sq ft
    Lot size: 8,332 sqft
    Year built: 2008
    Days on market: 1
  3. 2 beds, 2 full baths
    Home size: 1,412 sq ft
    Lot size: 11,489 sqft
    Year built: 1984
    Days on market: 1
  4. 5 beds, 3 full, 4 part baths
    Home size: 4,382 sq ft
    Lot size: 8,535 sqft
    Year built: 1958
    Days on market: 2
  5. 4 beds, 3 full, 2 part baths
    Home size: 7,281 sq ft
    Lot size: 15,114 sqft
    Year built: 1975
    Days on market: 2
  6. 3 beds, 2 full baths
    Home size: 1,619 sq ft
    Lot size: 6,005 sqft
    Year built: 1948
    Days on market: 2
  7. 5 beds, 6 full baths
    Home size: 3,693 sq ft
    Lot size: 22,195 sqft
    Year built: 2001
    Days on market: 2
  8. 5 beds, 1 full, 5 part baths
    Home size: 5,822 sq ft
    Lot size: 17,580 sqft
    Year built: 2006
    Days on market: 3
  9. 2 beds, 3 full baths
    Home size: 3,352 sq ft
    Lot size: 1.73 ac
    Year built: 1983
    Parking spots: 4
    Days on market: 3
  10. 3 beds, 3 part baths
    Home size: 1,667 sq ft
    Lot size: 9,068 sqft
    Year built: 1950
    Parking spots: 4
    Days on market: 3
  11. 4 beds, 2 full, 3 part baths
    Home size: 4,200 sq ft
    Lot size: 13,903 sqft
    Year built: 2014
    Days on market: 3
  12. 2 beds, 2 full baths
    Home size: 1,399 sq ft
    Lot size: 10,993 sqft
    Year built: 1936
    Days on market: 4
  13. 2 beds, 2 full baths
    Home size: 2,417 sq ft
    Lot size: 6.02 ac
    Year built: 1980
    Days on market: 4
  14. 3 beds, 2 full, 1 part baths
    Home size: 2,041 sq ft
    Lot size: 33,446 sqft
    Year built: 1962
    Parking spots: 3
    Days on market: 4
  15. 2 beds, 1 full, 1 part baths
    Home size: 1,433 sq ft
    Lot size: 22,045 sqft
    Year built: 1985
    Days on market: 4

See all Brentwood Homes for Sale.
(all data current as of 5/24/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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!

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