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
$1,350,000 : 16366 SLOAN Drive, Los Angeles3 beds, 3 full baths
$3,250,000 : 110 N Barrington Avenue, Brentwood5 beds, 5 full baths
$1,495,000 : 13000 SKY VALLEY Road, Los Angeles3 beds, 2 full baths
1 bed, 1 full bath
2 beds, 1 full, 1 three-quarter, 1 half baths
$5,795,000 : 326 S BUNDY Drive, Los Angeles6 beds, 6 full, 2 half baths
$2,495,000 : 2342 CANYONBACK Road, Los Angeles5 beds, 6 full, 1 half baths
$49,000,000 : 1911 WESTRIDGE Road, Los Angeles10 beds, 13 full, 6 half baths
$3,800,000 : 12239 DARLINGTON Avenue, Los Angeles5 beds, 5 full, 1 half baths
1 bed, 1 full bath
$5,800,000 : 1210 CHICKORY Lane, Los Angeles4 beds, 3 full, 1 three-quarter, 1 half baths
$2,550,000 : 1235 N KENTER Avenue, Los Angeles3 beds, 2 full baths
$6,495,000 : 868 LEONARD Road, Los Angeles5 beds, 5 full, 2 half baths
$2,095,000 : 12314 ROCHEDALE Lane, Los Angeles3 beds, 3 full baths
$1,249,000 : 951 GRANVILLE Avenue , Unit 302, Los Angeles3 beds, 2 full, 1 half baths
See all Brentwood Homes for Sale.
(all data current as of 7/27/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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