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.
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Good info
Akil, thank you.