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Brentwood Real Estate Market 1st Quarter 2013

Posted by janepeters on April 10, 2013
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Let’s see how the Brentwood real estate market did in the 1st Qtr. of 2013 compared to the 4th Qtr of 2012.    Does Brentwood have the kind of low inventory that the rest of the City is experiencing?

Brentwood Real Estate Market Report, Brentwood Homes for Sale

Sold +/- Median +/- Active Median Pending
44  -36 $2,150,000 +30% 77 $2,799,000 35

Brentwood condo sales 

Sold +/- Median +/- Active Median Pending
49  +10 $695,000 +12.64% 38 $794,000 37

 

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

Information provided by the MLS/CLAW deemed reliable but not guaranteed

Like many other areas in Los Angeles the  sale of single family homes in Brentwood has dropped significantly, and the median price rose significantly.  The absorption rate (the number of months it will take to sell the existing inventory) is low, pointing to a sellers’ market.  Not surprisingly the median price is up.

The Brentwood condo market showed in increase in activity with the median price up.  Absorption here also reflects a sellers’ market.

Previous market reports

Brentwood Real Estate.  The Year in Review
Brentwood Real Estate Market Report November 2012

Brentwood Real Estate Market Report October 2012

Brentwood 2rd Qtr Market Report 2012

Brentwood Real Estate Half-Year Market Report June 2012

Homes for sale in Brentwood

 

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