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
$3,575,000 : 2000 WESTRIDGE Road, Los Angeles3 beds, 4 full baths
$1,295,000 : 11863 DARLINGTON Avenue , Unit 308, Los Angeles2 beds, 3 full baths
$1,669,000 : 537 BELOIT Avenue, Los Angeles3 beds, 3 full baths
$6,795,000 : 130 GRANVILLE Avenue, Los Angeles5 beds, 5 full, 1 half baths
$1,095,000 : 11636 MONTANA Avenue , Unit 104, Los Angeles2 beds, 2 full, 1 half baths
$5,498,000 : 868 LEONARD Road, Los Angeles5 beds, 5 full, 2 half baths
$899,000 : 12124 GOSHEN Avenue , Unit 301, Los Angeles2 beds, 2 full baths
$2,095,000 : 530 CASHMERE Terrace, Los Angeles3 beds, 2 full, 1 three-quarter baths
$2,999,000 : 11920 BRENTWOOD GROVE Drive, Los Angeles5 beds, 4 full, 1 half baths
$2,490,000 : 1201 LINDA FLORA Drive, Los Angeles3 beds, 3 full baths
$2,195,000 : 337 DALKEITH Avenue, Los Angeles4 beds, 3 full, 2 three-quarter baths
$2,595,000 : 139 S GLENROY Avenue, Los Angeles5 beds, 3 full, 2 three-quarter, 1 half baths
$699,000 : 11954 GOSHEN Avenue , Unit 205, Los Angeles2 beds, 2 full baths
$2,350,000 : 2532 BANYAN Drive, Los Angeles4 beds, 1 full, 1 three-quarter, 1 half baths
$4,495,000 : 418 S GRETNA GREEN Way, Los Angeles5 beds, 5 full, 2 half baths
See all Brentwood Homes for Sale.
(all data current as of 12/3/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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