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
$2,849,000 : 872 North Norman Place, Los Angeles4 beds, 2 full, 1 part baths
$739,000 : 11970 Montana Avenue, Unit 112, Los Angeles2 beds, 2 full baths
$10,850,000 : 196 North Thurston Avenue, Los Angeles5 beds, 7 full baths
$1,125,000 : 441 South Barrington Avenue, Unit 204, Los Angeles2 beds, 2 full, 1 part baths
$1,975,000 : 11362 Burnham Street, Los Angeles4 beds, 3 full baths
$1,825,000 : 441 South Barrington Avenue, Unit 401, Los Angeles3 beds, 3 full, 1 part baths
2 beds, 2 full, 1 part baths
$985,000 : 11952 Montana Avenue, Unit 203, Los Angeles2 beds, 3 full baths
$2,590,000 : 12002 Benmore Terrace, Los Angeles3 beds, 2 full, 4 part baths
3 beds, 2 full baths
$1,545,000 : 12553 The Vista, Los Angeles2 beds, 2 full, 1 part baths
1 bed, 1 full, 1 part baths
$1,387,000 : 1301 North Bundy Drive, Los Angeles2 beds, 2 full, 1 part baths
$1,900,000 : 441 South Barrington Avenue, Unit 110, Los Angeles3 beds, 3 full, 1 part baths
$3,000,000 : 1510 North Tigertail Road, Los Angeles2 beds, 2 full baths
See all Brentwood Homes for Sale.
(all data current as of 11/26/2015)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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