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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 … [Read more...]
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: … [Read more...]
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...]
Brentwood Los Angeles condo market The Brentwood condo market is slow but steady. The median price is stable, average days on the market maintaining around 70 and the sales vs list price is in the mid 90%. However with 8.55 months inventory at present it is a buyers market. See previous Brentwood Los Angeles condo sales … [Read more...]
Brentwood Los Angeles luxury homes The Brentwood Los Angeles luxury home market is slow. The median price is steady but the average days on the market of homes sold is a little longer. With 14 months of inventory at present the Brentwood luxury home market is one for buyers. See previous report the Brentwood Los Angeles luxury home market Check out home under $2 million in the Brentwood real estate market … [Read more...]
Brentwood Los Angeles homes The Brentwood Los Angeles real estate market in the area of homes under $2 million is fairly steady. The median price has held, average days on the market for sold homes is going down and the sales vs list price has gone up. With 8.67 months of inventory, Brentwood Los Angeles homes under $2 million is a buyers market. See previous report for Brentwood single family homes under $2 million How is the Brentwood luxury home market doing? … [Read more...]
The Brentwood Los Angeles real estate market report below shows the market absorption trend for single family homes over What is an absorption rate? This shows the rate at which inventory is being sold and is calculated by the number of homes on the market divided by the number sold in a month. This helps in determining the pricing of homes being put on the market and what kind of market it is. If you have a 10 month selling cycle and want to sell in 5 months you would need to … [Read more...]
The Brentwood Los Angeles real estate market report below shows the market absorption trend for single family homes over $1 million. What is an absorption rate? This shows the rate at which inventory is being sold and is calculated by the number of homes on the market divided by the number sold in a month. This helps in determining the pricing of homes being put on the market and what kind of market it is. If you have a 10 month selling cycle and want to sell in 5 months you would need … [Read more...]
