Brentwood Real Estate Market Report November 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)

See all Brentwood Homes for Sale.
(all data current as of 7/29/2014)

  1. 3 beds, 2 full, 1 part baths
    Home size: 2,575 sq ft
    Lot size: 7,527 sqft
    Year built: 1949
    Parking spots: 4
    Days on market: 1
  2. 2 beds, 2 full, 1 part baths
    Home size: 1,483 sq ft
    Lot size: 7,373 sqft
    Year built: 2000
    Parking spots: 2
    Days on market: 1
  3. 2 beds, 1 full, 1 part baths
    Home size: 920 sq ft
    Lot size: 32,988 sqft
    Year built: 1971
    Days on market: 2
  4. 5 beds, 5 full baths
    Home size: 3,400 sq ft
    Lot size: 9,859 sqft
    Year built: 1953
    Days on market: 2
  5. 5 beds, 6 full baths
    Home size: 4,542 sq ft
    Lot size: 6,519 sqft
    Year built: 1948
    Parking spots: 4
    Days on market: 4
  6. 2 beds, 3 full baths
    Home size: 1,724 sq ft
    Lot size: 10,194 sqft
    Year built: 1974
    Days on market: 5
  7. 2 beds, 2 full baths
    Home size: 1,004 sq ft
    Lot size: 13,629 sqft
    Year built: 1969
    Parking spots: 1
    Days on market: 5
  8. 1 bed, 1 full bath
    Home size: 954 sq ft
    Lot size: 36,337 sqft
    Year built: 1974
    Days on market: 5
  9. 0 beds, 1 full bath
    Home size: 772 sq ft
    Year built: 1950
    Parking spots: 1
    Days on market: 5
  10. 2 beds, 3 full baths
    Home size: 1,785 sq ft
    Lot size: 23,864 sqft
    Year built: 1983
    Parking spots: 2
    Days on market: 5

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

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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Date last updated: 7/29/14 12:20 AM PDT

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