Brentwood Real Estate Market Report November 2012

Originally posted on December 15, 2012


Let’s check in on the Brentwood  real estate market for November and compare to the previous month’s numbers.  Is it a buyers’ or a sellers’ market?  Has the median price gone up or down.  How are sales?

Brentwood Real Estate Market Report November 2012

NOVEMBER BRENTWOOD SINGLE FAMILY MARKET REPORT
# Homes List/Sales Price
 For sale  62 $999,800 to $18,900,000
 Under contract  39 $1,033,100 to $18,900,000
 Sold  29 $790,000 to $9,300,000
 November sold median price $1,606,573
COMPARISON TO OCTOBER
 For sale -6
 Under contract +3
 Sold +9
 Sold median price +7.03%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions  24 65 144 251
Average sold per month 24.00 21.67 24.00 20.92
Homes currently for sale  62 62 62 62
Months supply on the market  2.58 2.86 2.58 2.96

Brentwood single family home sales continue to gain ground in November up 9 over the previous month.  The median price was up as were the number of pending sales. Inventory is still low and the Brentwood real estate market favors sellers.

Sellers Market Balanced Market Buyers’ Market
Less than 5 months 5 to 7 months More than 7 months

 

NOVEMBER BRENTWOOD CONDO MARKET REPORT
# Homes List/Sales Price
 For sale  43 $369,000 to $2,400,000
 Under contract  27 $330,000 to $969,000
 Sold  16 $326,000 to $925,000
 October sold median price $525,000
COMPARISON TO OCTOBER
 For sale +7
 Under contract -6
 Sold +5
 Sold median price -28.35%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions 19 41 88 166
Average sold per month 19.00 13.67 14.67 13.83
Homes currently for sale  43 43 43 43
Months supply on the market  2.26 3.15 2.93 3.11

The Brentwood condo market favors to sellers.  November sales were up over the previous month but pending sales are are down.  Inventory is up over the previous month.

Previous market reports

Brentwood Real Estate Market Report October 2012
Brentwood 2rd Qtr Market Report 2012

Brentwood Real Estate Half-Year Market Report June 2012

Homes for sale in Brentwood

(sample listings)

  1. 2 beds, 3 full baths
    Home size: 1,730 sq ft
    Lot size: 43,053 sqft
    Year built: 1992
    Days on market: 1
  2. 2 beds, 3 full, 1 part baths
    Home size: 3,479 sq ft
    Lot size: 3,571 sqft
    Year built: 1983
    Days on market: 1
  3. 3 beds, 1 full, 4 part baths
    Home size: 3,021 sq ft
    Lot size: 21,680 sqft
    Year built: 1938
    Days on market: 1
  4. 3 beds, 3 full baths
    Home size: 2,151 sq ft
    Lot size: 12,377 sqft
    Year built: 1955
    Days on market: 1
  5. 4 beds, 2 full, 1 part baths
    Home size: 2,319 sq ft
    Lot size: 9,130 sqft
    Year built: 1959
    Days on market: 2
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,432 sq ft
    Lot size: 32,988 sqft
    Year built: 1971
    Days on market: 2
  7. 2 beds, 2 full baths
    Home size: 1,383 sq ft
    Year built: 1969
    Days on market: 2
  8. 2 beds, 3 full baths
    Home size: 1,791 sq ft
    Lot size: 43,053 sqft
    Year built: 1992
    Days on market: 2
  9. 4 beds, 3 full baths
    Home size: 2,999 sq ft
    Lot size: 8,458 sqft
    Year built: 2006
    Days on market: 2
  10. 3 beds, 1 full, 1 part baths
    Home size: 1,581 sq ft
    Lot size: 17,750 sqft
    Year built: 1955
    Days on market: 3

See all Brentwood Homes for Sale.
(all data current as of 8/29/2015)

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

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