Brentwood Los Angeles Real Estate Market Report 2011

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.

What is Market Absorption?Search Homes for Sale in Brentwood, Brentwood Real Estate

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?

Brentwood Los Angeles Housing Market Report 2011The under $2M single family housing market in the Brentwood area of Los Angeles is fairly steady and reflects a sellers’ market.  The median price inched up over the same period in 2010.

Brentwood Los Angeles 2011 Housing Market ReportBrentwood homes for sale from $2 to $5M still remain in a sellers’ market primarily because inventory remains fairly low.  The median price has dropped almost 30% over the same period in 2010.

Brentwood Los Angeles Luxury Housing Market Report 2011

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.

Brentwood Los Angeles 2011 Condo Market ReportThe 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

Brentwood Real Estate Market Report, November 2011
Buying a Brentwood Home How did the Market Do?
Brentwood Los Angeles Luxury Real Estate Market

 

See all Brentwood Homes for Sale.
(all data current as of 9/2/2014)

  1. 1 bed, 1 full bath
    Home size: 884 sq ft
    Lot size: 1.15 ac
    Year built: 1973
    Days on market: 2
  2. 4 beds, 3 full, 1 part baths
    Home size: 1,964 sq ft
    Lot size: 7,392 sqft
    Year built: 2001
    Parking spots: 4
    Days on market: 3
  3. 3 beds, 2 full, 1 part baths
    Home size: 1,637 sq ft
    Lot size: 7,373 sqft
    Year built: 2000
    Days on market: 5
  4. 5 beds, 2 full, 1 part baths
    Home size: 2,660 sq ft
    Lot size: 17,738 sqft
    Year built: 1972
    Parking spots: 4
    Days on market: 5
  5. 3 beds, 3 full baths
    Home size: 2,362 sq ft
    Lot size: 8,423 sqft
    Year built: 1953
    Days on market: 6
  6. 1 bed, 1 full bath
    Home size: 739 sq ft
    Lot size: 30,784 sqft
    Year built: 1956
    Parking spots: 2
    Days on market: 6
  7. 1 bed, 1 full bath
    Home size: 739 sq ft
    Lot size: 30,784 sqft
    Year built: 1956
    Parking spots: 2
    Days on market: 6
  8. 3 beds, 3 full baths
    Home size: 2,646 sq ft
    Lot size: 12,611 sqft
    Year built: 1949
    Parking spots: 2
    Days on market: 6
  9. 5 beds, 5 full, 1 part baths
    Home size: 6,361 sq ft
    Lot size: 18,601 sqft
    Year built: 2007
    Parking spots: 10
    Days on market: 6
  10. 2 beds, 1 full, 1 part baths
    Home size: 910 sq ft
    Lot size: 7,372 sqft
    Year built: 1973
    Parking spots: 4
    Days on market: 9
  11. 3 beds, 3 full baths
    Home size: 2,858 sq ft
    Lot size: 7,992 sqft
    Year built: 1964
    Parking spots: 6
    Days on market: 11
  12. 1 bed, 1 full bath
    Home size: 683 sq ft
    Lot size: 9,716 sqft
    Year built: 1972
    Parking spots: 2
    Days on market: 12
  13. 2 beds, 1 full, 1 part baths
    Home size: 1,022 sq ft
    Year built: 1956
    Parking spots: 1
    Days on market: 12
  14. 2 beds, 1 full, 2 part baths
    Home size: 1,782 sq ft
    Lot size: 20,000 sqft
    Year built: 1981
    Days on market: 12
  15. 2 beds, 2 full baths
    Home size: 1,725 sq ft
    Lot size: 27,754 sqft
    Year built: 1981
    Parking spots: 2
    Days on market: 12

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

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If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

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Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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Comments

  1. Jane – i love this post, and the call to action buttons sucked me right in. I need to write a post about Brentwood vs Brentwood and see what happens.

  2. That would be interesting. There are a few other Brentwoods also. In fact there is one in Northern CA

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Date last updated: 9/2/14 9:19 PM PDT

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