Another quarter has passed this year and it is time to look at how the Brentwood real estate market has fared over the past 3 months, as compared to the first quarter.
Brentwood Single Family Homes
Number Sold: 90 – 71 in the 2nd Qtr which is a 65% increase over the 1st Qtr.
Median Price: $1,800,000 – in the 2nd Qtr $1,675,000 a 6.9% decrease over the 1st Qtr.
37 homes are under contract.
There are 97 active listings. With a average of 30 homes selling a month this means that it will take 3 months to sell the existing inventory. A balanced market is 6 months of inventory. So the Brentwood single family home market is very much a sellers’ market, as compared to a buyers’ market in the first few months of this year.
There is a shortage of fresh inventory, so Brentwood home sellers, now is a great time to consider putting your homes on the market.
Number Sold: 63 – 50 in the 2nd Qtr a 72.41% increase over the 1st Qtr.
Median Price: $589,500, – $577,000 in the 2nd Qtr a 6.26% increase over the 1st Qtr.
26 condos are under contract.
There are 48 active condos on the market. With an average of 21 sold per month this means that it will take 2.28 months to sell the existing inventory. The Brentwood condo market is definitely favoring sellers. And again, with inventory this low, potential Brentwood condo sellers now is a great time.
Brentwood Homes for Sale
$2,749,000 : 2298 Canyonback Road, Los Angeles5 beds, 6 full, 1 half baths
$2,199,000 : 1101 North Kenter Avenue, Los Angeles3 beds, 3 full baths
$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
See all Brentwood Homes for Sale.
(all data current as of 4/30/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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