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
$2,379,000 : 743 Claymont Drive, Los Angeles4 beds, 2 full, 1 part baths
3 beds, 2 full, 1 part baths
2 beds, 3 full baths
$2,150,000 : 836 South Gretna Green Way, Los Angeles4 beds, 3 full baths
$1,159,000 : 3474 Mandeville Canyon Road, Los Angeles3 beds, 1 full, 1 part baths
$849,000 : 11855 Goshen Avenue, Unit 105, Los Angeles2 beds, 2 full, 1 part baths
$2,195,000 : 1033 South Carmelina Avenue, Los Angeles2 beds, 2 full, 1 part baths
$9,900,000 : 1649 Mandeville Canyon Road, Los Angeles5 beds, 7 full baths
2 beds, 2 full baths
3 beds, 1 full, 1 part baths
$1,595,000 : 11934 Currituck Drive, Los Angeles2 beds, 2 full baths
$998,000 : 11952 Darlington Avenue, Unit 4, Los Angeles3 beds, 2 full, 1 part baths
$728,000 : 11928 Kiowa Avenue, Unit 105, Brentwood2 beds, 2 full baths
$499,000 : 11627 Chenault Street, Unit 4, Los Angeles2 beds, 2 full baths
$6,795,000 : 14 Oakmont Drive, Los Angeles6 beds, 5 full, 3 part baths
See all Brentwood Homes for Sale.
(all data current as of 8/28/2015)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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