Brentwood is one of the upscale neighborhoods in Los Angeles. It is a mix of some of the most expensive homes in the Los Angeles area down to apartment living.
The statistics below are taken directly from the MLS and are for single family homes. They also don't take into consideration condos, income property and private sales.
There were 24 sales in the month of December. The most expensive home sold was $5,600,000 in the hills and the least expensive was $865,000 in the flats. There were only 9 sales in December '08.
The median sales price was $1,767,500 approximately an 18% increase over December '08.
Sales price received versus listing price was $92.4%, down 3% from December '08.
Average days on the market for sold properties was 65 just three days longer that a year ago.
Below is a breakdown of last month's activity in the Brentwood area of Los Angeles.
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Jane you know how imprtant I thinkit is to be the information source for local Real Estate. You are doing a great job!
OK 65 days on the market seems like you are in a pretty active location !
I think we are closer to an average of about 95 days here ! (not my listings of course ;o) lol !!!
Bill, thanks. As I mentioned, you are the king of market reports.
Sheldon, of course, Sheldon. You charm the buyers into buying on the spot and have to fight them off. I can just picture it - hordes of sceaming fans outside the house - Sheldon, Sheldon, Sheldon.
Jane, Ouch, ouch, ouch...my bottom hurts with those prices! AGAIN...OUCH!
Jane, I think I will move on to Beverly Hills next and see what's going on there!
Jane, so it must pain you to see how cheap we are here! But, we don't have the glamour of Beverly Hills, or even LA..........or even California!
Jane, we don't say "cheap" out here we say "what the hell......"