Brentwood Real Estate Half-Year Market Report June 2012

Brentwood Market Reports / By /

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 it will take 3 months to sell the existing inventory.  A balanced market is 6 months of inventory.  So the Brentwood single family home market is very much a sellers’ market, as compared to a buyers’  market in the first few months of this year.

There is a shortage of fresh inventory, so Brentwood home sellers, now is a great time to consider putting your homes on the market.

Brentwood Condos

Number Sold:  63 – 50 in the 2nd Qtr  a 72.41% increase over the 1st Qtr.

Median Price:  $589,500, – $577,000 in the 2nd Qtr a 6.26% increase over the 1st Qtr.

26 condos are under contract.

There are 48 active condos on the market.  With an average of 21 sold per month this means that it will take 2.28 months to sell the existing inventory.  The Brentwood condo market is definitely favoring sellers.  And again, with inventory this low, potential Brentwood condo sellers now is a great time.

Brentwood Homes for Sale

Single Family Single Family
Condo Condo
Rental Rental
Land Land