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
$1,895,000 : 11666 Bellagio Road, Los Angeles4 beds, 3 full baths
$14,500,000 : 12822 Highwood Street, Los Angeles7 beds, 7 full baths
$869,000 : 11733 Montana Avenue, Unit 212, Los Angeles2 beds, 1 full, 2 part baths
$1,300,000 : 11723 Mayfield Avenue, Unit 3, Los Angeles4 beds, 3 full, 1 part baths
$1,695,000 : 576 North Kenter Avenue, Los Angeles3 beds, 2 full baths
$2,950,000 : 1406 North Kenter Avenue, Los Angeles4 beds, 4 full baths
$2,250,000 : 535 North Bundy Drive, Los Angeles2 beds, 1 full, 1 part baths
$699,900 : 11646 Chenault Street, Unit 28, Los Angeles2 beds, 1 full bath
$1,750,000 : 940 North Bundy Drive, Los Angeles3 beds, 2 full baths
$6,495,000 : 2185 Mandeville Canyon Road, Los Angeles5 beds, 5 full, 1 part baths
$840,000 : 390 South Sepulveda, Unit 307, Los Angeles3 beds, 3 full baths
$1,050,000 : 12115 San Vicente, Unit 306, Los Angeles2 beds, 2 full baths
$690,000 : 11827 Goshen Avenue, Unit 103, Los Angeles2 beds, 2 full baths
$2,799,000 : 1111 South Carmelina Avenue, Los Angeles3 beds, 3 full, 1 part baths
$1,799,000 : 11755 Bellagio Road, Los Angeles3 beds, 4 full baths
See all Brentwood Homes for Sale.
(all data current as of 7/4/2015)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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