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

 

 

 

Showing properties 1 – 15 of 199. See more Brentwood Homes for Sale. 
(all data current as of 1/10/2012)

1. $2,399,000 : 12223 DARLINGTON AVE, Los Angeles
   
   5 beds, 4 full, 1 part baths

   Home size: 4,314 sq ft

   Lot size: 6,000 sq ft

   Year built: 2007

   Days on market: 1

    
2. $915,000 : 11847 Gorham, Los Angeles
   
   2 beds, 2.5 baths

   Home size: 1,461 sq ft

   Year built: 2002

   Parking spots: 2

   Days on market: 1

    
3. $1,200,000 : 11349 BOLAS ST, Los Angeles
   
   4 beds, 3.0 baths

   Home size: 2,219 sq ft

   Lot size: 5,250 sq ft

   Year built: 1938

   Parking spots: 2

   Days on market: 1

    
4. $1,350,000 : 1426 BECKWITH AVE, Los Angeles
   
   3 beds, 2 full baths

   Home size: 2,342 sq ft

   Lot size: 8,549 sq ft

   Year built: 1954

   Days on market: 1

    
5. $530,000 : 171 N CHURCH LN, Los Angeles
   
   2 beds, 2.0 baths

   Home size: 1,228 sq ft

   Year built: 1996

   Parking spots: 2

   Days on market: 2

    
6. $1,450,000 : 11471 W Sunset BLVD, Los Angeles
   
   3 beds, 3 full, 2 part baths

   Home size: 3,627 sq ft

   Lot size: 17,359 sq ft

   Year built: 1979

   Parking spots: 4

   Days on market: 2

    
7. $739,000 : 11811 Kiowa, Los Angeles
   
   3 beds, 3.0 baths

   Home size: 1,587 sq ft

   Year built: 2012

   Parking spots: 2

   Days on market: 2

    
8. $1,795,000 : MLS # 12574253 in Los Angeles
   
   4 beds, 4.0 baths

   Home size: 2,981 sq ft

   Lot size: 1.53 ac

   Year built: 1977

   Days on market: 2

    
9. $2,095,000 : 708 MORENO AVE, Los Angeles
   
   2 beds, 2.0 baths

   Home size: 1,474 sq ft

   Lot size: 9,000 sq ft

   Days on market: 2

    
10. $3,295,000 : 160 ASHDALE PL, Los Angeles
    
    3 beds, 3.5 baths

    Home size: 4,200 sq ft

    Lot size: 29,982 sq ft

    Year built: 2003

    Parking spots: 2

    Days on market: 2

     
11. $699,000 : 1120 GRANVILLE AVE, Los Angeles
    
    2 beds, 3.0 baths

    Home size: 1,886 sq ft

    Year built: 1981

    Days on market: 2

     
12. $8,750,000 : 12739 MARLBORO ST, Los Angeles
    
    7 beds, 8.0 baths

    Home size: 10,000 sq ft

    Lot size: 19,950 sq ft

    Year built: 2002

    Days on market: 2

     
13. $949,000 : 11855 GOSHEN AVE, Los Angeles
    
    2 beds, 3 full baths

    Home size: 1,769 sq ft

    Year built: 1990

    Parking spots: 3

    Days on market: 5

     
14. $649,000 : 390 S SEPULVEDA, Los Angeles
    
    2 beds, 2.0 baths

    Home size: 1,507 sq ft

    Year built: 1990

    Days on market: 6

     
15. $499,000 : 330 S BARRINGTON AVE, Los Angeles
    
    3 beds, 2.0 baths

    Home size: 1,124 sq ft

    Year built: 1963

    Parking spots: 2

    Days on market: 6

     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you?re new to L.A. Town. You?ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you?ll need someone to handle all the details that you can?t handle remotely. That?s where I come in ? I?m there when you can?t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don?t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/brentwood-los-angeles-real-estate-market-report-2011.html#ixzz1j7Jkz5Lt

Source: http://activerain.com/blogsview/2708421/brentwood-los-angeles-housing-market-report-2011

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