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 9/22/2014)

  1. 3 beds, 3 full, 1 part baths
    Home size: 2,200 sq ft
    Lot size: 7,000 sqft
    Year built: 2001
    Days on market: 1
  2. 3 beds, 2 full, 1 part baths
    Home size: 2,297 sq ft
    Lot size: 14,701 sqft
    Year built: 2003
    Parking spots: 2
    Days on market: 1
  3. 2 beds, 1 full, 1 part baths
    Home size: 879 sq ft
    Lot size: 12,306 sqft
    Year built: 1963
    Days on market: 1
  4. 3 beds, 3 full baths
    Home size: 2,667 sq ft
    Lot size: 18,217 sqft
    Year built: 1961
    Days on market: 1
  5. 3 beds, 2 full, 1 part baths
    Home size: 2,901 sq ft
    Lot size: 12,050 sqft
    Year built: 1962
    Parking spots: 2
    Days on market: 1
  6. 4 beds, 3 full, 1 part baths
    Home size: 3,607 sq ft
    Lot size: 24,104 sqft
    Year built: 1962
    Parking spots: 2
    Days on market: 1
  7. 5 beds, 6 full baths
    Home size: 5,100 sq ft
    Lot size: 1.13 ac
    Year built: 1977
    Parking spots: 9
    Days on market: 4
  8. 2 beds, 2 full, 1 part baths
    Home size: 1,782 sq ft
    Lot size: 15,000 sqft
    Year built: 1991
    Days on market: 4
  9. 4 beds, 2 full, 2 part baths
    Home size: 2,692 sq ft
    Lot size: 8,717 sqft
    Year built: 1934
    Days on market: 4
  10. 3 beds, 2 full baths
    Home size: 2,014 sq ft
    Lot size: 7,632 sqft
    Year built: 1926
    Parking spots: 2
    Days on market: 4

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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