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Brentwood Los Angeles Housing Market Report 2011

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?

Brentwood Under $2M

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 $205M

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
.

Brentwood over $5M

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.

Brentwood Condos

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. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    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. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    2 beds, 2.5 baths
    Home size: 1,461 sq ft
    Year built: 2002
    Parking spots: 2
    Days on market: 1
     
  3. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    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. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    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. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    2 beds, 2.0 baths
    Home size: 1,228 sq ft
    Year built: 1996
    Parking spots: 2
    Days on market: 2
     
  6.  Brentwood Los Angeles Real Estate Market Report 2011
    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. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    3 beds, 3.0 baths
    Home size: 1,587 sq ft
    Year built: 2012
    Parking spots: 2
    Days on market: 2
     
  8. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    4 beds, 4.0 baths
    Home size: 2,981 sq ft
    Lot size: 1.53 ac
    Year built: 1977
    Days on market: 2
     
  9. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    2 beds, 2.0 baths
    Home size: 1,474 sq ft
    Lot size: 9,000 sq ft
    Days on market: 2
     
  10. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    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. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    2 beds, 3.0 baths
    Home size: 1,886 sq ft
    Year built: 1981
    Days on market: 2
     
  12. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    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. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    2 beds, 3 full baths
    Home size: 1,769 sq ft
    Year built: 1990
    Parking spots: 3
    Days on market: 5
     
  14. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    2 beds, 2.0 baths
    Home size: 1,507 sq ft
    Year built: 1990
    Days on market: 6
     
  15. 0 medium Brentwood Los Angeles Real Estate Market Report 2011
    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:

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

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
Search Homes for Sale in Silver Lake-Echo Park
Search Homes for Sale in Santa Monica
Search Homes for Sale in Venice CA
Search Homes for Sale in Westwood-Century City
Other Los Angeles Communities

 

 

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Los Angeles Communities - About Brentwood

Brentwood is a wealthy community at the foot of the Santa Monica Mountains. Stroll along trendy San Vicente Blvd. with its fine dining, boutique shopping and frequent art fairs and farmers’ market.Brentwood Community

Brentwood borders the east end of Santa Monica and the west end of Westwood. With approximately 42,000 residents, Brentwood, 90049, has many diverse areas.  San Vicente Blvd. is the main walking street with shops and upscale restaurants. This area is densely populated with many apartment and condominium complexes with a mix of students, professionals and families.

Brentwood borders Santa Monica on the East and is at the foot of the the Santa Monica Mountains.  It is one of the most upscale areas of Los Angeles with a mix of high-end mansions to the north and Brentwood single-family homes for saleBrentwood condos for sale and apartment buildings to the south.

San Vicente Boulevard and Sunset Boulevard are the main thoroughfares through the city, San Vicente being the area’s main walk street with high-end boutiques, and restaurants. It is also a popular destination for joggers along the grassy center median planted with coral trees. North of Sunset the area is defined by the hills and canyons of the Santa

Brentwood Schools

Brentwood has a very good school district and is a desirable area for young families.

Useful Links

Search Brentwood Homes for Sale, Brentwood Home Search

Map of Brentwood

 


View Map of Brentwood Los Angeles in a larger map

 

Other Los Angeles Communities

Atwater Village Hancock Park Playa Vista
Bel Air Hollywood Rancho Park
Beverly Hills Hollywood Hills East Santa Monica
Beverly Center Miracle Mile Hollywood Hills West Silver Lake
Beverly Hills Post Office Holmby Hills Studio City
Beverlywood Los Angeles Sunset Strip
Carthay Los Feliz Venice
Century City Malibu West Hollywood
Cheviot Hills Marina del Rey West Los Angeles
Culver City Pacific Palisades Westchester
Downtown Los Angeles Palms/Mar Vista Westwood
Echo Park Playa del Rey Wilshire Corridor
 

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
Search Homes for Sale in Silver Lake-Echo Park
Search Homes for Sale in Santa Monica
Search Homes for Sale in Venice CA
Search Homes for Sale in Westwood-Century City
Other Los Angeles Communities

 

 

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Brentwood Real Estate Market Report - November 2011

Let's see how the Brentwood real estate market is doing. There are actually two Brentwoods in California.  I of course am referring to the community in Los Angeles.Brentwood Community

I always struggle with what information to include in these reports.

Average price vs. median price:  Average prices can affect what is really going on if there is one extremely high-priced sale.  So I use the median price.

Average days on the market:  One house staying on the market for a long time, possibly because it is overpriced, can also skew the equation.  However, the MLS only provides average days on the market as stats.

Price per square foot: this really is somewhat meaningless in the Los Angeles real estate market since there are so many variables that can affect this figure.

Probably the most important part of these reports is the absorption rate - how much inventory their is compared with the number of homes sold.  Six months worth of inventory is a balanced market.  Anything below that is a sellers' market,and above, a buyers'market.

So let's see how the Brentwood real estate market is doing based on sales over the past year.

Brentwood Market Report SF

Brentwood Condos Market Report November 2011

Brentwood single family homes:  Brentwood single family homes are teetering on the edge of a buyers' market, but with 34 pending sales this could swing it over into a sellers' market.  We will have to see.  The median prices is down somewhat, days on the market steady and sales price vs list price quite healthy.

Brentwood condo market:  the  condo market is fairly balanced.  The absorption rate is under 6 months with the exception of the last month's figures, but there are 30 pending sales which is a pretty healthy number and should bring the inventory way down. The median price is down a little and the price sold vs price listed, but not by much.  Days on the market are down.

So overall, Brentwood is going along nicely.

Previous Brentwood Real Estate Market Reports

Buying a Brentwood Home, How did the Market Do?

Buying or Selling a Brentwood Los Angeles Home.  What's the Market Doing?

Brentwood Los Angeles Luxury Real Estate Market

Brentwood Los Angeles Real Estate Market.  Home Sales Under $2 Million

Brentwood Los Angeles Housing Market Report - June 2010

Other Los Angeles Neighborhoods

Atwater Village Hollywood Playa Vista
Bel Air Hollywood Hills East Rancho Park
Beverly Center – Miracle Mile Hollywood Hills West Santa Monica
Beverly Hills Post Office Holmby Hills Silver Lake
Beverlywood Los Angeles Studio City
Carthay Los Feliz Sunset Strip
Century City Malibu Venice
Cheviot Hills Marina del Rey West Hollywood
Culver City Mar Vista West Los Angeles
Downtown Los Angeles Pacific Palisades Westchester
Echo Park Palms Westwood
Hancock Park Playa del Rey Wilshire Corridor

 

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
Search Homes for Sale in Silver Lake-Echo Park
Search Homes for Sale in Santa Monica
Search Homes for Sale in Venice CA
Search Homes for Sale in Westwood-Century City
Other Los Angeles Communities

 

 

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Renting a Property in Los Angeles - Brentwood

Leasing a Property in Brentwood

Are you moving to Los Angeles and not sure where you want to live, you might consider renting a home in Brentwood.

Brentwood, is a trendy, upscale area of Los Angeles within easy walking distance to the best shops, coffee places, and restaurants.

Good rentals are at a premium in Brentwood:

There are presently 25 single family homes for rent in Brentwood ranging from $4,000 to $55,000 per month.

There are 18 condo units available ranging from $1,795 to $5,800 a month.

These are rental properties in Brentwood listed on the MLS.  You may be able to find others online, but why not use a Los Angeles Realtor® to do the leg work for you and help you identify the best ones.

If you let your Realtor® your requirements in advance, they will be able to help you find the perfect place:

No of bedrooms
Laundry inside the unit
Pool
Pets allowed
Type of building
Square footage

For a list of your requirements, please fill out this questionnaire.

Related Posts

Looking for a Rental Property in Los Angeles?  Let’s Try Santa Monica
Renting an Ocean Front Property in Santa Monica.  How Much are you Going to Have to Pay?
Looking for a Rental Property in Los Angeles?  Let’s Try Westwood
Looking for a Rental Property in Los Angeles?  The Options are Limitless

 

Map of Brentwood


View Brentwood, Los Angeles, CA in a larger map

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

How is the Brentwood Los Angeles Real Estate Market Doing?

Are you considering buying or selling Brentwood real estate let's see how the market did in January 2011.

Brentwood Real Estate Market, How is the Brentwood Real Estate Market doing

Brentwood Real Estate Market Trend, How is the Brentwood Real Estate Market Doing?

The Brentwood real estate market for single family homes in January is pretty steady.

The number of sales over December is down by 11, but the number under contract is up by 5. The median sales price and median list price are also up.

If you are thinking of buying a Brentwood home, with 7.66 months of inventory, now is a good time to be looking.

Brentwood Condo Market Trend, Brentwood Real Estate Market Trend Condos

Brentwood Condo Market Trend, Brentwood Real Estate Market Trend Condos

The Brentwood condo market is stagnant.

January sales are down by 4 and under contract by 10 over December. Median sales and list prices are also down.

If you are thinking of buying a Brentwood condo, with 8.13 months of inventory, it is definitely a buyers' market.

Map of Brentwood Los Angeles


View Brentwood, Los Angeles, CA in a larger map

Related Posts

Buying or Selling a Brentwood Los Angeles Home. What's the Market Doing?

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
Search Homes for Sale in Silver Lake-Echo Park
Search Homes for Sale in Santa Monica
Search Homes for Sale in Venice CA
Search Homes for Sale in Westwood-Century City
Other Los Angeles Communities

 

 

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Buying a Home in Brentwood Los Angeles? How's the Market?

Brentwood Los Angeles

Are you wondering whether now is the time for buying or selling a home in Brentwood Los Angeles? Brentwood is a wonderful, upscale area of Los Angeles, with a mix of housing from apartments, affordable condos to the high end houses north of San Vicente and into the Santa Monica Mountains. Brentwood Los Angeles remains a desirable place to live with its destination restaurants, high-end boutiques and walkable streets. If you are considering buying or selling your Brentwood home now is an excellent time. The market report below indicates that the single family housing market in Brentwood is a balanced one. Six months inventory is balanced and it has edged slightly above that in the last 3 months. Mortgage rates are still low so, with a meeting of the minds, this would be a wonderful time to enter the fray.

Brentwood Los Angeles Real Estate, Brentwood Los Angeles Housing Market Trend

If you are thinking of buying a Brentwood condo then this is definitely a good time. The inventory has moved down to 8 months, a buyers' market.

Brentwood Los Angeles Real Estate Report, Brentwood Los Angeles Housing Market Report

In summary, the Brentwood Los Angeles real estate market is moving upward. The median price is increasing, except for a blip in last month's single family sales and sales price vs list price is up. Days on the market have risen, but that could be a result of the slow holiday period.

Map of Brentwood Los Angeles


View Brentwood, Los Angeles, CA in a larger map

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:

For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919

.

Jane Peters knows L.A. Real Estate. Let me do the Work for You!

Buyin

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
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Brentwood Los Angeles Real Estate Market Trend Report

The Brentwood real estate market remains steady. The median prices have increased slightly in all categories, sales to list price percentage are stabloes, days on the market are down slightly.  The months inventory in the under $2 million single family market is 3.85 but in the other two categories they are over the balanced six month level.

18 under $2M homes are under contract
16 over $2M homes are under contract
19 condos are under contract

Brentwood Real Estate Market Sales Trend
12 Month Sales Low Median High Avg DOM % Sold vs List Price Active Listings
Single Family Under $2M
145 $750,000
$1,387,000
$2,000,000
60
95,91
50

Single Family Over $2M
105 $2,0000,000
$2,950,000
$13,250,000
102
92.97
126

Condos 152 $218,900
$680,000
$1,600,000
72
96.05
96


6 Month Sales Low Median High Avg DOM %Sold vs List Price
Single Family Under $2M 81
$800,000
$1,475,000 $2,000,000
52
96.78


Single Family Over $2M 42 $2,050,000 $3,023,375
$13,250,000
85
93.87


Condos 74 $320,000
$687,500
$1,500,000
66
96.53



3 Month Sales
Low Median High Avg DOM %Sold vs List Price Months Inventory
Single Family Under $2M 39 $800,000
$1,450,000
$1,995,000
51
96.19 3.85

Single Family Over $2M 23 $2,025,000
$3,158,750
$13,250,000
88
93.25
7.67

Condos 32 $320,000
$623,750
$1,349,000
63
96.38
10.67

Data provided by MLS CLAW deemed reliable, but not guaranteed.

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
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Search Homes for Sale in Beverly Hills|
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Brentwood Market Report - June 2010

Brentwood Stats

The June statistics below reflecting Brentwood Los Angeles housing market  are taken from the MLS and are for single family homes only.  They do not include condos, income property, or private sales.

June continued as a good month for Brentwood home sales.  The number of homes sold and under contract rose healthily over May. The median price of homes sold was up slightly, and number of days on the market of was down.

The months supply of inventory rose to 7.75,  which indicates a shift towards a buyers market.

Brentwood Stats

Search Brentwood Homes for Sale under $2 million

Search Brentwood Homes for Sale over $2 million

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
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Brentwood Los Angeles Home Sales Report - May 2010

Brentwood

The May statistics below reflecting Brentwood Los Angeles housing market  are taken from the MLS and are for single family homes only.  They do not include condos, income property, or private sales.

May was a good month for Brentwood home sales.  The number of homes sold and under contract rose significantly over April.  In this market the tax credit would probably not have had much of an effect.  The median price of homes sold was down slightly, but so were the number of days on the market of those homes. 

The months supply of inventory remains the same, 6 months, which means a fairly balanced market.

Brentwood Stats

Search Brentwood Houses for Sale

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
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Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
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Brentwood Weekly Market Report - Week Ending May 7th

 

The statistics below reflecting the weekly Brentwood area of Los Angeles housing market, May 1-7, are taken from the MLS CLAW and are for single family homes only.  They do not include condos, income property and private sales.

This the first of a weekly series showing the Brentwood housing trend

Based on the last week of April, the number of homes sold was down by 1 and days on the market were up by 13.  The average price was significantly higher, but this was based on the highest priced home being $11,000,000 in May as opposed to $1,850,000 at the end of April.  The median price (the price that falls in the middle between the highest and lowest priced homes) was down by $1,400,000.  

Brentwood would not typically be an area taken advantage of by homebuyers seeking the federal and state homebuyers tax credits a spike in early May would not be expected.

Brentwood Stats

Brentwood Los Angeles Homes for Sale

Jane Peters, connecting you to the L.A. real estate scene

Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

Search Homes for Sale in Los Angeles
Los Angeles Lifestyle Home Search
Search Homes for Sale in Beverly Hills|
Search Homes for Sale in Brentwood
Search Homes for Sale in Culver City
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