Brentwood Real Estate Market Report November 2012

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. 4 beds, 3 full baths
    Home size: 2,387 sq ft
    Lot size: 10,224 sqft
    Year built: 1951
    Parking spots: 4
    Days on market: 0
  2. 7 beds, 7 full baths
    Home size: 9,030 sq ft
    Lot size: 37,850 sqft
    Year built: 1965
    Days on market: 0
  3. 2 beds, 1 full, 2 part baths
    Home size: 1,782 sq ft
    Lot size: 20,000 sqft
    Year built: 1981
    Days on market: 1
  4. 4 beds, 3 full, 1 part baths
    Home size: 2,450 sq ft
    Lot size: 7,376 sqft
    Year built: 2001
    Days on market: 3
  5. 3 beds, 2 full baths
    Home size: 1,752 sq ft
    Lot size: 5,624 sqft
    Year built: 1955
    Days on market: 3
  6. 4 beds, 4 full baths
    Home size: 2,160 sq ft
    Lot size: 4.39 ac
    Year built: 1962
    Days on market: 4
  7. 2 beds, 1 full, 1 part baths
    Home size: 1,779 sq ft
    Lot size: 9,345 sqft
    Year built: 1946
    Days on market: 4
  8. 2 beds, 1 full bath
    Home size: 986 sq ft
    Lot size: 24,611 sqft
    Year built: 1960
    Parking spots: 2
    Days on market: 6
  9. 5 beds, 5 full, 1 part baths
    Home size: 4,638 sq ft
    Lot size: 19,507 sqft
    Year built: 1937
    Days on market: 6
  10. 3 beds, 3 full baths
    Home size: 1,541 sq ft
    Lot size: 25,853 sqft
    Year built: 1990
    Days on market: 6

See all Brentwood Homes for Sale.
(all data current as of 7/2/2015)

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

Leave a Reply

Your email address will not be published. Required fields are marked *

Social Media Icons Powered by Acurax Web Development Company