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
$715,000 : 11928 Kiowa Avenue, Unit 103, Los Angeles2 beds, 2 full baths
$1,425,000 : 400 South Barrington Avenue, Unit 401, Los Angeles3 beds, 3 full, 1 part baths
$759,000 : 1164 Wellesley Avenue, Unit 205, Los Angeles2 beds, 2 full baths
$3,595,000 : 150 North Tigertail Road, Los Angeles5 beds, 3 full, 4 part baths
$7,200,000 : 1210 Chickory Lane, Los Angeles4 beds, 3 full, 2 part baths
$1,995,000 : 12239 Darlington Avenue, Los Angeles3 beds, 2 full baths
$2,695,000 : 3275 Mandeville Canyon Road, Los Angeles5 beds, 6 full baths
$9,495,000 : 12306 6th Helena Drive, Los Angeles5 beds, 1 full, 5 part baths
$2,045,000 : 2105 Stoney Hill Road, Los Angeles2 beds, 3 full baths
$1,459,000 : 12616 West Sunset, Los Angeles3 beds, 3 part baths
$5,380,000 : 12318 West Sunset, Los Angeles4 beds, 2 full, 3 part baths
$2,595,000 : 159 South Gretna Green Way, Los Angeles2 beds, 2 full baths
$1,325,000 : 2204 The Terrace, Los Angeles2 beds, 2 full baths
$1,649,900 : 11365 Chalon Road, Los Angeles3 beds, 2 full, 1 part baths
2 beds, 1 full, 1 part baths
See all Brentwood Homes for Sale.
(all data current as of 5/24/2015)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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