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
- MLS® #: SB24031051MR
- 3216 The Strand
- MANHATTAN BEACH CA
- $25,000,000
- 5 Bed | 8 Bath | 7,454 SqFt
- 0 Acres
- MLS® #: 24-377993
- 9606 Heather Rd
- Beverly Hills CA
- $25,000,000
- 7 Bed | 11 Bath | 7,656 SqFt
- 2.1 Acres
- MLS® #: 24-365237
- 9694 Oak Pass Rd
- Beverly Hills CA
- $25,000,000
- 7 Bed | 12 Bath | 13,962 SqFt
- 1.7 Acres
- MLS® #: 24-382915
- 2002 LOMA VISTA DR
- BEVERLY HILLS CA
- $24,995,000
- 5 Bed | 9 Bath | 10,047 SqFt
- 0.86 Acres
- MLS® #: 24-354275
- 21622 Pacific Coast Hwy
- Malibu CA
- $24,995,000
- 3 Bed | 4 Bath | 0 SqFt
- 0.16 Acres
- MLS® #: 23-341149
- 1001 1st St
- Manhattan Beach CA
- $24,995,000
- 6 Bed | 9 Bath | 9,479 SqFt
- 0.22 Acres
- MLS® #: 24-388599
- 1240 Shadow Hill Way
- Beverly Hills CA
- $24,950,000
- 6 Bed | 7 Bath | 0 SqFt
- 0.67 Acres
- MLS® #: 24-372473
- 32554 Pacific Coast Hwy
- Malibu CA
- $24,950,000
- 4 Bed | 5 Bath | 5,232 SqFt
- 1.89 Acres
- MLS® #: 24-361531
- 24380 Malibu Rd
- Malibu CA
- $24,950,000
- 4 Bed | 5 Bath | 4,600 SqFt
- 0.15 Acres
- MLS® #: 23-312045
- 32357 Pacific Coast Hwy
- Malibu CA
- $24,950,000
- 5 Bed | 9 Bath | 9,975 SqFt
- 2.79 Acres
- MLS® #: 23-289448
- 1001 Bel Air Rd
- Los Angeles CA
- $24,950,000
- Bed | 0 Bath | 0 SqFt
- 1.06 Acres
- MLS® #: 23-233044
- 602 Mountain Dr
- Beverly Hills CA
- $24,950,000
- Bed | 0 Bath | 0 SqFt
- 1.29 Acres
- MLS® #: 24-385573
- 23450 Malibu Colony Rd
- Malibu CA
- $24,500,000
- 4 Bed | 6 Bath | 4,959 SqFt
- 0.16 Acres
- MLS® #: 23-330289
- 9040 W Sunset Blvd PHA
- West Hollywood CA
- $24,500,000
- 4 Bed | 5 Bath | 6,415 SqFt
- 0.45 Acres
- MLS® #: 23-300944
- 1044 1044 S Robertson Blvd
- Los Angeles CA
- $24,500,000
- Bed | 0 Bath | 0 SqFt
- 0.17 Acres
- MLS® #: 23-269199
- 10806 Yerba Buena Rd
- Malibu CA
- $24,500,000
- Bed | 0 Bath | 0 SqFt
- 312.3 Acres
- MLS® #: CV24049620MR
- 2150 TERREBONNE
- SAN DIMAS CA
- $24,000,000
- Bed | 0 Bath | 0 SqFt
- 68 Acres
- MLS® #: 24-350299
- 611 N Hillcrest Rd
- Beverly Hills CA
- $23,995,000
- 7 Bed | 7 Bath | 10,865 SqFt
- 0.28 Acres
- MLS® #: 24-385419
- 722 N Camden Dr
- Beverly Hills CA
- $23,950,000
- 7 Bed | 10 Bath | 11,446 SqFt
- 0.36 Acres
- MLS® #: SR24005843MR
- 5303 ROUND MEADOW RD
- HIDDEN HILLS CA
- $23,895,000
- 7 Bed | 9 Bath | 11,906 SqFt
- 2 Acres
- MLS® #: 23-338755
- 1200 Club View Dr 20
- Los Angeles CA
- $23,350,000
- 4 Bed | 6 Bath | 8,215 SqFt
- 0.57 Acres
- MLS® #: 24-377613
- 25250 Malibu Rd
- Malibu CA
- $23,000,000
- 5 Bed | 6 Bath | 3,878 SqFt
- 0.16 Acres
- MLS® #: 24-379511
- 31030 Broad Beach Rd
- Malibu CA
- $22,900,000
- 4 Bed | 5 Bath | 5,150 SqFt
- 0.3 Acres
- MLS® #: 23-341269
- 1013 N Roxbury Dr
- Beverly Hills CA
- $22,900,000
- 6 Bed | 8 Bath | 10,039 SqFt
- 0.66 Acres
- MLS® #: 24-368135
- 9555 Heather Rd
- Beverly Hills CA
- $22,895,000
- 9 Bed | 15 Bath | 14,693 SqFt
- 1.38 Acres
- MLS® #: 24-363573
- 151 S Cliffwood Ave
- Los Angeles CA
- $22,500,000
- 6 Bed | 9 Bath | 8,387 SqFt
- 0.48 Acres
- MLS® #: 24-357905
- 814 Foothill Rd
- Beverly Hills CA
- $22,500,000
- 7 Bed | 10 Bath | 6,321 SqFt
- 0.96 Acres
- MLS® #: SR21132920CN
- 0 Tierra Subida
- PALMDALE CA
- $22,475,000
- Bed | 0 Bath | 0 SqFt
- 155 Acres
- MLS® #: 24-365740
- 510 Doheny Rd
- Beverly Hills CA
- $22,000,000
- 4 Bed | 6 Bath | 7,392 SqFt
- 0.86 Acres
- MLS® #: 24-363863
- 18904 Pacific Coast Hwy
- Malibu CA
- $22,000,000
- 7 Bed | 7 Bath | 5,380 SqFt
- 0.25 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