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
2 beds, 2 full baths
$949,000 : 12124 GOSHEN Avenue , Unit 103, Los Angeles2 beds, 3 full baths
$10,495,000 : 144 N BRISTOL Avenue, Los Angeles5 beds, 3 full, 1 three-quarter, 1 half baths
$1,395,000 : 724 S WESTGATE Avenue , Unit 102, Los Angeles3 beds, 3 full baths
$8,300,000 : 16401 MULHOLLAND Drive, Los Angeles6 beds, 7 full, 1 half baths
$7,995,000 : 265 N LAYTON Drive, Los Angeles6 beds, 3 full, 3 three-quarter, 1 half baths
$3,860,000 : 381 N BONHILL Road, Los Angeles4 beds, 4 full, 1 half baths
$799,000 : 809 S BUNDY Drive , Unit 203, Los Angeles2 beds, 1 full, 1 three-quarter baths
$19,995,000 : 130 S BURLINGAME Avenue, Los Angeles7 beds, 5 full, 4 three-quarter, 3 half baths
$1,795,000 : 424 N GREENCRAIG Road, Los Angeles3 beds, 1 full, 1 three-quarter baths
2 beds, 2 full baths
$3,999,000 : 1282 CASIANO Road, Los Angeles4 beds, 4 full, 1 half baths
$3,495,000 : 344 S CANYON VIEW Drive, Los Angeles4 beds, 3 full, 1 half baths
$12,950,000 : 457 N ROCKINGHAM Avenue, Los Angeles7 beds, 3 full, 4 three-quarter, 1 half baths
$2,995,000 : 240 S BENTLEY Avenue, Los Angeles5 beds, 4 full baths
See all Brentwood Homes for Sale.
(all data current as of 1/23/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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