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. 5 beds, 5 full, 1 part baths
    Home size: 5,438 sq ft
    Lot size: 36,017 sqft
    Year built: 1954
    Parking spots: 4
    Days on market: 4
  2. 5 beds, 5 full baths
    Home size: 5,867 sq ft
    Lot size: 3.53 ac
    Year built: 1975
    Days on market: 4
  3. 6 beds, 4 full, 1 part baths
    Home size: 5,149 sq ft
    Lot size: 22,819 sqft
    Year built: 1941
    Parking spots: 6
    Days on market: 5
  4. 5 beds, 4 full, 1 part baths
    Home size: 4,500 sq ft
    Lot size: 6,952 sqft
    Year built: 2015
    Days on market: 5
  5. 6 beds, 5 full baths
    Lot size: 22,186 sqft
    Year built: 1989
    Days on market: 8
  6. 2 beds, 2 full, 1 part baths
    Home size: 1,460 sq ft
    Lot size: 18,496 sqft
    Year built: 1993
    Days on market: 8
  7. 3 beds, 2 full baths
    Home size: 1,380 sq ft
    Lot size: 7,374 sqft
    Year built: 1988
    Parking spots: 4
    Days on market: 8
  8. 6 beds, 6 full, 1 part baths
    Home size: 5,032 sq ft
    Lot size: 9,908 sqft
    Year built: 2009
    Days on market: 8
  9. 3 beds, 4 full baths
    Home size: 2,100 sq ft
    Lot size: 5,299 sqft
    Year built: 2002
    Days on market: 9
  10. 4 beds, 3 full, 1 part baths
    Home size: 3,161 sq ft
    Lot size: 20,056 sqft
    Year built: 1936
    Days on market: 12

See all Brentwood Homes for Sale.
(all data current as of 7/28/2015)

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

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