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
$2,545,000 : 2120 Dean Circle, Los Angeles5 beds, 3 full, 1 three-quarter, 1 half baths
$779,000 : 11706 Montana Avenue, Unit 209, Los Angeles2 beds, 2 full baths
$4,495,000 : 301 North Bowling Green Way, Los Angeles4 beds, 3 full, 1 half baths
$1,749,000 : 463 Denslow Avenue, Los Angeles3 beds, 2 full, 1 half baths
$12,995,000 : 12710 Marlboro Street, Los Angeles7 beds, 7 full, 2 half baths
$2,365,000 : 968 South Gretna Green Way, Los Angeles3 beds, 2 full baths
$795,000 : 11627 Chenault Street, Unit 7, Los Angeles2 beds, 2 full baths
$1,750,000 : 530 Cashmere Terrace, Los Angeles3 beds, 2 full baths
$2,899,000 : 1064 Hanley Avenue, Los Angeles3 beds, 1 full, 2 three-quarter, 1 half baths
$3,795,000 : 125 North Bundy Drive, Los Angeles5 beds, 5 full, 1 half baths
$529,000 : 11687 Montana Avenue, Unit 103, Los Angeles1 bed, 1 three-quarter bath
$2,295,000 : 4047 Mandeville Canyon Road, Los Angeles4 beds, 2 full, 1 three-quarter baths
$3,695,000 : 816 Glenmere Way, Los Angeles5 beds, 3 full, 1 half baths
$1,490,000 : 11847 Gorham Avenue, Unit 405, Los Angeles2 beds, 1 full, 1 three-quarter, 1 half baths
$1,299,000 : 11737 Darlington Avenue, Unit 304, Los Angeles3 beds, 2 full, 1 three-quarter baths
See all Brentwood Homes for Sale.
(all data current as of 4/29/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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