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.
| 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)
Showing properties
1 - 10 of 177.
See more Brentwood Homes for Sale.
(all data current as of
5/24/2013)
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$810,000 : 11928 KIOWA AVE, Unit 307, Los Angeles2 beds, 2.0 baths
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$879,000 : 1176 Wellesley Avenue #303, Brentwood3 beds, 2 full, 1 part baths
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$1,599,000 : 2789 MANDEVILLE CANYON RD, Los Angeles2 beds, 2.0 baths
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$1,195,000 : 11982 MAYFIELD AVE, Unit B, Los Angeles3 beds, 2 full, 1 part baths
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$1,479,000 : 13023 MONTANA AVE, Unit 102, Los Angeles3 beds, 2.5 baths
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$399,000 : 11767 W SUNSET, Unit 204, Los Angeles1 bed, 1.5 baths
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$2,795,000 : 12659 PROMONTORY RD, Los Angeles5 beds, 4.5 baths
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$479,000 : 1000 S WESTGATE AVE, Unit 313, Los Angeles1 bed, 1 full, 1 part baths
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$1,295,000 : 3971 MANDEVILLE CANYON RD, Los Angeles3 beds, 2 full, 1 part baths
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$2,895,000 : 12652 W SUNSET BLVD, Los Angeles4 beds, 4 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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