Brentwood Real Estate Market Report October 2012

Posted on November 12, 2012


Let’s check in on the Brentwood Los Angeles real estate market and see how it is doing in the period of low inventory and rising prices.  Brentwood Community, Brentwood Homes for Sale

OCTOBER BRENTWOOD SINGLE FAMILY MARKET REPORT
# Homes List/Sales Price
 For sale  68 $999,800 to $18,900,000
 Under contract  36 $749,000 to $12,900,000
 Sold  19 $925,000 to $5,500,000
 October sold median price $1,501,000
COMPARISON TO SEPTEMBER
 For sale +13
 Under contract +28
 Sold =
 Sold median price -15.70%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions  19 64 143 236
Average sold per month 19.00 21.33 23.83 19.67
Homes currently for sale  68 68 68 68
Months supply on the market  3.58 3.19 2.85 3.46

 
Brentwood single family home sales remained steady in October.  The same number sold as in the previous month.  The median price was down, but the number of new homes coming on the market and the number of pending sales rose healthily.  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

 

OCTOBER BRENTWOOD CONDO MARKET REPORT
# Homes List/Sales Price
 For sale  36 $409,000 to $2,400,000
 Under contract  33 $330,000 to $1,250,000
 Sold  11 $307,100 to $975,000
 October sold median price $732,700
COMPARISON TO SEPTEMBER
 For sale +10
 Under contract +17
 Sold -3
 Sold median price +24.82%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions 11 41 90 157
Average sold per month 11.00 13.67 15.00 13.08
Homes currently for sale  36 36 36 36
Months supply on the market  3.27 2.63 2.40 2.60

As with the single family market, the Brentwood condo market belongs to sellers.  The sales in October dropped slightly over the previous month but new listings and pending sales are up.

Previous market reports

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: 4
  2. 7 beds, 7 full baths
    Home size: 9,030 sq ft
    Lot size: 37,850 sqft
    Year built: 1965
    Days on market: 4
  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: 5
  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: 7
  5. 3 beds, 2 full baths
    Home size: 1,752 sq ft
    Lot size: 5,624 sqft
    Year built: 1955
    Days on market: 7
  6. 4 beds, 4 full baths
    Home size: 2,160 sq ft
    Lot size: 4.39 ac
    Year built: 1962
    Days on market: 8
  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: 8
  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: 10
  9. 3 beds, 2 full baths
    Home size: 2,296 sq ft
    Lot size: 10,619 sqft
    Year built: 1954
    Parking spots: 4
    Days on market: 10
  10. 5 beds, 5 full, 1 part baths
    Home size: 4,638 sq ft
    Lot size: 19,507 sqft
    Year built: 1937
    Days on market: 10

See all Brentwood Homes for Sale.
(all data current as of 7/6/2015)

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


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