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