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
$3,299,000 : 116 S ANITA Avenue, Los Angeles4 beds, 3 full, 1 half baths
$3,995,000 : 2035 Mandeville Canyon Road, Los Angeles5 beds, 4 full, 1 half baths
$3,650,000 : 3167 STONE OAK Drive, Los Angeles6 beds, 6 full, 1 half baths
2 beds, 2 full baths
$1,295,000 : 11863 DARLINGTON Avenue , Unit PH404, Los Angeles2 beds, 3 full baths
$879,000 : 809 S Bundy Drive , Unit 107, Los Angeles3 beds, 3 full baths
$2,195,000 : 234 N GLENROY Avenue, Los Angeles3 beds, 2 full, 1 half baths
$3,499,000 : 11956 AZURE Place, Los Angeles5 beds, 4 full, 2 half baths
$12,950,000 : 717 N TIGERTAIL Road, Los Angeles6 beds, 5 full, 4 three-quarter, 2 half baths
$2,150,000 : 12131 LA CASA Lane, Los Angeles4 beds, 3 full baths
$3,995,000 : 530 BELLAGIO Terrace, Los Angeles5 beds, 5 full, 1 three-quarter baths
$2,199,000 : 1287 CASIANO Road, Los Angeles3 beds, 2 full, 1 half baths
$1,495,000 : 11723 GOSHEN Avenue , Unit 302, Los Angeles4 beds, 3 full, 1 half baths
$1,695,000 : 11628 CHENAULT Street , Unit 106, Los Angeles3 beds, 3 full, 1 half baths
$1,275,000 : 11908 DARLINGTON Avenue , Unit 101, Los Angeles3 beds, 2 full, 1 half baths
See all Brentwood Homes for Sale.
(all data current as of 9/29/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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