The Importance of Verification of Funds in Mortgage Process

Where the money comes from is important to underwriters

One topic ... one direction provided during the Mortgage Process that seems to baffle and frustrate my prospective home buyers during their Mortgage Process, surrounds the sourcing and documenting of Down Payment and Closing Cost Funds. When I touch upon this portion of the Process I often hear the comment, "it shouldn't matter where the money comes from" from my Borrowers.  There also seems to be a mindset that their Earnest Money is something other than an initial portion of the Down … [Read more...]

How is the Brentwood L.A. Real Estate Market? 3rd Qtr 2014

Brentwood Los Angeles homes for sale

How is the Brentwood Los Angeles real estate market doing? Let's compare with the previous Quarter. Brentwood single family home sales Sold +/- Median +/- % Active Median Pending 64 -4 $2,525,000 -7.51 69 $3,398,000 33 Brentwood condo sales Sold +/- Median +/- % Active Median Pending 70 +11 $770,724 +14.69 56 $831,950 29 Information provided by the MLS/CLAW deemed reliable but not guaranteed For single family homes,  … [Read more...]

Brentwood Los Angeles Real Estate Market Report June 2014

Brentwood Real Estate

How is the Brentwood Los Angeles real estate market doing?  Let's take a look at how the second quarter 2014 compares with the first. Brentwood single family home sales Sold +/- Median +/- Active Median Pending 68 +35 $2,730,000 +7.91% 68 $3,545,000 37 Brentwood condo sales Sold +/- Median +/- Active Median Pending 59 +21 $672,000 -13.40% 62 $819,000 32 Information provided by the MLS/CLAW deemed reliable but not … [Read more...]

Brentwood Los Angeles Homes for Sale 1st Qtr 2014 in Review

Brentwood Los Angeles homes for sale

How is the Brentwood, Los Angeles real estate market doing? Let's see how the first quarter of 2014 compares to the same period last year. How is inventory affecting sales? Brentwood single family home sales Sold +/- Median +/- Active Median Pending 33 -11 $2,530,000 +17.67% 73 $3,995,000 17 Brentwood condo sales Sold +/- Median +/- Active Median Pending 38 -11 $776,000 +11.65 50 $769,000 13   Sellers … [Read more...]

Brentwood Homes for Sale 2013 in Review

Brentwood Community, Brentwood Homes for Sale

Brentwood is a trendy, upscale neighborhood on the Westside of Los Angeles. A mix of apartments and condo buildings to the south and single family the further north you go into the hills. With its high end dining and shopping and high walkscore, Brentwood real estate is in high demand. Let's see how the Brentwood real estate market performed in 2012 compared with the previous year. Brentwood single family home sales Sold +/- 2012 Range Median +/- … [Read more...]

Brentwood Homes for Sale 3rd Qtr 2013 Market Report

Brentwood Community, Brentwood Homes for Sale

It's time to check in on the Brentwood real estate market and see how the 2nd Qtr of 2013 compared to the 1st Qtr.  Did inventory improve?  Were there more sales?  How about the median price?  Let's take a look. Brentwood single family home sales Sold +/- Median +/- Active Median Pending 67 -11 $2,340,000 -2.5% 76 $2,922,500 31 Brentwood condo … [Read more...]

Brentwood Real Estate Market 2nd Quarter 2013

Brentwood Real Estate Market Report November 2012

Time to check  in on the Brentwood market and see how the 2nd Qtr of 2013 compared to the 1st Qtr.  Are sales up?  Median price?  How is the inventory?  Has it improved? Brentwood single family home sales Sold +/- Median +/- Active Median Pending 78 +34 $2,400,000 +11.63% 70 $3,145,000 40 Brentwood condo sales  Sold +/- Median +/- Active Median Pending 72  +23 $695,000 -2.79% 41 $925,000 41  Information provided by the MLS/CLAW … [Read more...]

Brentwood Real Estate Market 1st Quarter 2013

Brentwood Real Estate Market Report, Brentwood Homes for Sale

Let's see how the Brentwood real estate market did in the 1st Qtr. of 2013 compared to the 4th Qtr of 2012.    Does Brentwood have the kind of low inventory that the rest of the City is experiencing? Sold +/- Median +/- Active Median Pending 44  -36 $2,150,000 +30% 77 $2,799,000 35 Brentwood condo sales  Sold +/- Median +/- Active Median Pending 49  +10 $695,000 +12.64% 38 $794,000 37   Sellers Market Balanced … [Read more...]

Brentwood Real Estate. The Year in Review

Brentwood Real Estate Market Report, Brentwood Homes for Sale

Brentwood is a trendy, upscale neighborhood on the Westside of Los Angeles.  A mix of apartments and condo buildings to the south and single family the further north you go into the hills.  With its high end dining and shopping and high walkscore, Brentwood real estate is in high demand. Let's see how the Brentwood real estate market performed in 2012 compared with the previous year. Brentwood single family home sales Sold +/- 2011 Range Median +/- … [Read more...]

Brentwood Real Estate Market Report November 2012

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? 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 … [Read more...]

Brentwood Real Estate Market Report October 2012

Brentwood Community, Brentwood Homes for Sale

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.   … [Read more...]

Brentwood Third Quarter Market Report 2012

Brentwood Real Estate Market Report November 2012

It is the 3rd Qtr of 2012.  Let's see how Brentwood real estate is doing compared with the same period last year. Single family homes Sold:  184 an increase of 41 homes over the same period last year. Median price:  $1,787,742, basically no change from last year. Under contract:  40 With 89 homes currently active, and based on the past six months, an average of 23.33 homes sold a month, it will take 3.81 months to sell the existing inventory, making it a strong market for … [Read more...]

Brentwood Real Estate Market | August 2012

Brentwood Community, Brentwood Homes for Sale

Let's check in on the Brentwood real estate market and see what sales have done from August 2011 to August 2012. All information provided by MLS/CLAW is deemed accurate but is not guaranteed.  Single Family Month Sold Median For Sale Median Difference List vs Sold New on Market  Months Supply of … [Read more...]

Brentwood Real Estate Half-Year Market Report June 2012

Brentwood Community, Brentwood Homes for Sale

Another quarter has passed this year and it is time to look at how the Brentwood real estate market has fared over the past 3 months, as compared to the first quarter. Brentwood Single Family Homes Number Sold:  90 -  71 in the 2nd Qtr which is a 65% increase over the 1st Qtr. Median Price:  $1,800,000 - in the 2nd Qtr $1,675,000 a 6.9% decrease over the 1st Qtr. 37 homes are under contract. There are 97 active listings.  With a average of 30 homes selling a month this means that … [Read more...]

Brentwood Real Estate Market Report, 1st Quarter 2012

Brentwood Community, Brentwood Homes for Sale

Let's compare the Brentwood real estate market in the 1st Quarter of 2012 as compared with the same period in 2011. Brentwood Single Family Homes Number Sold:  43, a 30.30% increase over the same period in 2011. Median Price:  $1,800,000, a 27.21% increase over the same period in 2011. There are 100 active listings.  With a average of 14.33 homes selling a month this means that it will take 6.98 months to sell the existing inventory.  A balanced market is 6 months of inventory. … [Read more...]

Brentwood Area of Los Angeles Housing Market Overview | January 2012

Brentwood Community, Brentwood Homes for Sale

Let's check in and see how the Brentwood housing market did in January. Brentwood single family homes under $1 Million Sold:  2 / +2 over same period last year Median Price:  $792,500 Active 7: Absorption rate*:  3.5 months Brentwood condos under $1 Million Sold:  8 / -1 over same period last year Median Price:  $484,000 / -13.42% over same period last year Active:   47 Absorption rate*:  6.02 months Brentwood single family homes $1 to $2 Million Sold:  6 / +2 over same period … [Read more...]

Brentwood Los Angeles Real Estate Market Report 2011

Search Homes for Sale in Brentwood, Brentwood Real Estate

Let's take a look at how the Brentwood Los Angeles real estate market did in 2011. I have split the 2011 Brentwood real estate market report into four sections, single family by price breakdown and condos.  I have also shown relevant percentage comparisons with the 2010 statistics. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory … [Read more...]

Brentwood Real Estate Market Report, November 2011

Brentwood Community, Brentwood Homes for Sale

Let's see how the Brentwood real estate market is doing. There are actually two Brentwoods in California.  I of course am referring to the community in Los Angeles. I always struggle with what information to include in these reports. Average price vs. median price:  Average prices can affect what is really going on if there is one extremely high-priced sale.  So I use the median price. Average days on the market:  One house staying on the market for a long time, possibly because it is … [Read more...]

Brentwood Homes for Sale – Half Yearly Market Report 2011

Brentwood Real Estate Market Report, Brentwood Homes for Sale

Let's see how the Brentwood real estate market  fared over the first half of 2011 compared with 2010?  The numbers in red  in the sold section are the percentage difference over the same period last year. Brentwood Single Family Homes Sold:  98/  -15% Average Price Sold:  $2,775,397/ +23% Average Days on Market:  68/ -7% Average Sales to List Price:  94.16%/  = Active:  109 Average Price Active: $3,224,874 Average Days on Market:  113 Beverly Hills Condos Sold:  84/ … [Read more...]

Looking for a Rental Property in Los Angeles – Let’s Try Brentwood

Brentwood Real Estate Market Report November 2012

Are you moving to Los Angeles and not sure where you want to live, you might consider renting a home in Brentwood. Brentwood, is a trendy, upscale area of Los Angeles within easy walking distance to the best shops, coffee places, and restaurants. Good rentals are at a premium in Brentwood: There are presently 25 single family homes for rent in Brentwood ranging from $4,000 to $55,000 per month. There are 18 condo units available ranging from $1,795 to $5,800 a month. These are … [Read more...]