Brentwood Real Estate Market Report October 2012

Let’s check in on the Brentwood Los Angeles real estate market and see how it is doing in the period of low inventory and rising prices.  OCTOBER BRENTWOOD SINGLE FAMILY MARKET REPORT

# Homes List/Sales Price
 For sale  68 $999,800 to $18,900,000
 Under contract  36 $749,000 to $12,900,000
 Sold  19 $925,000 to $5,500,000
 October sold median price $1,501,000
COMPARISON TO SEPTEMBER
 For sale +13
 Under contract +28
 Sold =
 Sold median price -15.70%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions  19 64 143 236
Average sold per month 19.00 21.33 23.83 19.67
Homes currently for sale  68 68 68 68
Months supply on the market  3.58 3.19 2.85 3.46

Brentwood single family home sales remained steady in October.  The same number sold as in the previous month.  The median price was down, but the number of new homes coming on the market and the number of pending sales rose healthily.  Inventory is still low and the Brentwood real estate market favors sellers.

 

Sellers Market Balanced Market Buyers’ Market
Less than 5 months 5 to 7 months More than 7 months

 

OCTOBER BRENTWOOD CONDO MARKET REPORT
# Homes List/Sales Price
 For sale  36 $409,000 to $2,400,000
 Under contract  33 $330,000 to $1,250,000
 Sold  11 $307,100 to $975,000
 October sold median price $732,700
COMPARISON TO SEPTEMBER
 For sale +10
 Under contract +17
 Sold -3
 Sold median price +24.82%
MARKET ABSORPTION
Market history 1 month 3 months 6 months 12 months
Closed transactions 11 41 90 157
Average sold per month 11.00 13.67 15.00 13.08
Homes currently for sale  36 36 36 36
Months supply on the market  3.27 2.63 2.40 2.60

 

As with the single family market, the Brentwood condo market belongs to sellers.  The sales in October dropped slightly over the previous month but new listings and pending sales are up.

Previous market reports

Brentwood 2rd Qtr Market Report 2012
Brentwood Real Estate Half-Year Market Report June 2012

Homes for sale in Brentwood

(sample listings)

$170,000,000
7
20
28725
8.4
10644 Bellagio Rd
Los Angeles CA
Listed by Rodeo RealtyCARETS logo
$135,000,000
8
20
1.22
607 Siena Way
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$125,000,000
7
12
22000
0.97
7661 Curson Ter
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$99,950,000
12
17
2.08
1200 Bel Air Rd
Los Angeles CA
Listed by CompassCARETS logo
$95,000,000
9
20
18784
3.32
729 Bel Air Rd
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$85,000,000
4
7
23894
0.29
9126 Cordell Dr
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$72,500,000
7
9
13400
0.41
9006 Thrasher Ave
Los Angeles CA
Listed by Coldwell Banker RealtyCARETS logo
$70,000,000
9
15
20000
3.84
3099 Mandeville Canyon Rd
Los Angeles CA
Listed by Nourmand & Associates-BHCARETS logo
$68,000,000
9
14
0.9
9330 Flicker Way
Los Angeles CA
Listed by CompassCARETS logo
$65,000,000
9
15
20000
1.06
401 N Tigertail Rd
Los Angeles CA
Listed by The AgencyCARETS logo
$59,900,000
9
14
26522
1.1
133 S Mapleton DR
LOS ANGELES CA
Listed by Christie's International Real Estate SoCalCARETS logo
$55,000,000
6
10
18000
1.06
1165 Somera Rd
Los Angeles CA
Listed by CompassCARETS logo
$55,000,000
9
13
20500
1.36
1857 Bel Air Rd
Los Angeles CA
Listed by CompassCARETS logo
$49,995,000
9
15
16305
0.97
250 N Carolwood Dr
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$49,500,000
7
11
11449
2.47
12705 Chalon Rd
Los Angeles CA
Listed by CompassCARETS logo
$49,500,000
6
9
9960
5.37
12833 Chalon Rd
Los Angeles CA
Listed by CompassCARETS logo
$48,985,000
8
11
11015
13.38
1005 Bel Air Ct
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$48,000,000
7
14
15350
0.84
145 N Mapleton Dr
Los Angeles CA
Listed by CompassCARETS logo
$47,000,000
8
10
25000
4.5623737373737
470 Layton Way
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$45,999,000
5
17
24920
2.33
1101 Bel Air Pl
Los Angeles CA
Listed by CompassCARETS logo
$42,500,000
5
9
7826
1.45
570 S Mapleton Dr
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$42,000,000
5
9
9351
6.13
12721 Chalon Rd
Los Angeles CA
Listed by Coldwell Banker RealtyCARETS logo
7
11
20018
3
24255 BRIDLE TRAIL RD
HIDDEN HILLS CA
Listed by Douglas Elliman of California, Inc.CARETS logo
$39,995,000
6
10
1.93
684 Firth Ave
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$39,995,000
9
16
21344
1.98
822 N Kenter
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$39,995,000
7
10
11050
0.89
701 Nimes Rd
Los Angeles CA
Listed by Sotheby's International RealtyCARETS logo
$39,995,000
6
11
9052
1.4995408631772
400 St Cloud Rd
Los Angeles CA
Listed by CompassCARETS logo
8
12
17254
4
2100 Stratford CIR
LOS ANGELES CA
Listed by RE/MAX OneCARETS logo
$39,500,000
7
12
13500
0.58
250 S Rockingham Ave
Los Angeles CA
Listed by The AgencyCARETS logo
$39,000,000
0
1.29
805 Nimes
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$38,000,000
6
11
18240
0.56
2078 Stradella Rd
Los Angeles CA
Listed by Coldwell Banker RealtyCARETS logo
$38,000,000
6
12
12000
0.69
12745 Hanover St
Los Angeles CA
Listed by CompassCARETS logo
$36,950,000
7
14
17000
0.65
721 N Bonhill Rd
Los Angeles CA
Listed by CompassCARETS logo
$36,800,000
6
10
13000
0.52
1851 N Stanley Ave
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
6
10
16779
2
25079 Jim Bridger RD
HIDDEN HILLS CA
Listed by Rodeo RealtyCARETS logo
$34,999,999
8
11
11674
1.2
11968 Brentridge Dr
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$34,995,000
9
16
0.73
1204 Chickory Ln
Los Angeles CA
Listed by The AgencyCARETS logo
$34,990,000
5
9
9687
0.41
9199 Thrasher Ave
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
$34,500,000
0
2.25
150 S Carolwood Dr
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
$32,500,000
4
8
12010
0.66
9259 Robin Dr
Los Angeles CA
Listed by The Beverly Hills EstatesCARETS logo
$32,388,888
7
11
11800
0.6
12770 S Bristol Cir
Los Angeles CA
Listed by The AgencyCARETS logo
$32,250,000
5
9
14400
0.65
8741 St Ives Dr
Los Angeles CA
Listed by Carolwood EstatesCARETS logo
6
10
21670
2
24105 HIDDEN RIDGE RD
HIDDEN HILLS CA
Listed by Douglas Elliman of California, Inc.CARETS logo
$29,995,000
5
7
11179
0.56
9265 Robin Dr
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$29,750,000
5
7
11000
2.39
642 Siena Way
Los Angeles CA
Listed by Westside Estate Agency Inc.CARETS logo
$29,500,000
6
8
10000
0.88
251 N Bristol Ave
Los Angeles CA
Listed by Douglas Elliman of California, Inc.CARETS logo
8
15
14604
2
100 Palm Hill LN
BRADBURY CA
Listed by Sothebys International RealtyCARETS logo
$27,000,000
6
6
9297
0.46
717 Moreno Ave
Los Angeles CA
Listed by Christie's International Real Estate SoCalCARETS logo
8
12
15500
2
61 Palm Hill LN
BRADBURY CA
Listed by Pacific Sotheby's Int'l RealtyCARETS logo
$26,900,000
5
8
9206
0.65
13215 Riviera Ranch Rd
Los Angeles CA
Listed by Destination Home, Inc.CARETS logo
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