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 is a balanced market. Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.
So how did Brentwood do?
The under $2M single family housing market in the Brentwood area of Los Angeles is fairly steady and reflects a sellers’ market. The median price inched up over the same period in 2010.
Brentwood homes for sale from $2 to $5M still remain in a sellers’ market primarily because inventory remains fairly low. The median price has dropped almost 30% over the same period in 2010.
The Brentwood Los Angeles luxury housing market saw a huge drop in both sales and median price, especially over the last three months when compared to the same period last year. With 17 homes on the market and only one sale in 3 months, buyers should be out in force in Brentwood.
The Brentwood condo market is definitely a sellers’ market and doing well. The median price is down somewhat over the same last 3-month period last year but overall, Brentwood condo sellers should consider putting their homes on the market.
Previous Market Reports
Brentwood Real Estate Market Report, November 2011
Buying a Brentwood Home How did the Market Do?
Brentwood Los Angeles Luxury Real Estate Market
Homes for sale in Brentwood
- 100 -400 AC Split mountain RD
- BRAWLEY CA
- $999,999,999
- Beds | 0 Baths | SqFt
- 100 Acres
- 594 S Mapleton Dr
- Los Angeles CA
- $137,500,000
- 14 Beds | 27 Baths | 56,500 SqFt
- 4 Acres
- 24331 Coto de Caza DR
- COTO DE CAZA CA
- $125,000,000
- 12 Beds | 20 Baths | 47,044 SqFt
- 137 Acres
- 16401 Calle Feliz
- RANCHO SANTA FE CA
- $84,995,000
- 26 Beds | 22 Baths | 15,000 SqFt
- 77 Acres
- 16401 Calle Feliz
- Rancho Santa Fe CA
- $84,950,000
- 26 Beds | 32 Baths | 15,000 SqFt
- 77 Acres
- 1210 Benedict Canyon Dr
- Beverly Hills CA
- $75,000,000
- 11 Beds | 20 Baths | 27,000 SqFt
- 2 Acres
- 120 Montecito Ranch Ln
- Summerland CA
- $70,000,000
- 12 Beds | 25 Baths | 27,000 SqFt
- 19 Acres
- 9214 Nightingale Dr
- West Hollywood CA
- $63,000,000
- 5 Beds | 7 Baths | 13,870 SqFt
- 0 Acres
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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
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Jane – i love this post, and the call to action buttons sucked me right in. I need to write a post about Brentwood vs Brentwood and see what happens.
That would be interesting. There are a few other Brentwoods also. In fact there is one in Northern CA