How is the real estate market in the Brentwood area of Los Angeles doing? Let’s see how the Second Quarter of 2015 compares to the First.
There were a total of 72 single family homes sold at a median price of $2,796,725. The sold price vs. list price was 105.29% and average days on the market was 53. This was an increase of 39 homes sold and a decrease in median price of 0.12%.
There are currently 84 homes on the market at a median price of $3,949,500.
A total of 70 condos sold at a median price of $792,000. The sold vs. list price was 100.30% and average days on the market was 61. This was an increase of 25 units sold and a 7.75% increase in the median price.
There are currently 53 condos on the market at a median price of $910,000.
The number of sales increased substantially over the previous Quarter with the median price remaining pretty flat for single family homes and showing a rise for condos. The fact that the average sold price is over the list price means that multiple offers are still the norm because of low inventory.
There is less than 6 months inventory in Brentwood which indicates a sellers’ market.
Homes for sale in Brentwood, Los Angeles
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