Brentwood Los Angeles Housing Market Overview | January 2012

Brentwood single family homes under $1 Million

Sold:  2 / +2 over same period last year
Median Price:  $792,500
Active 7:
Absorption rate*:  3.5 months

Brentwood condos under $1 Million

Sold:  8 / -1 over same period last year
Median Price:  $484,000 / -13.42% over same period last year
Active:   47
Absorption rate*:  6.02 months

Brentwood single family homes $1 to $2 Million

Sold:  6 / +2 over same period last year
Median Price:  $1,450,250 / +5.28% over same period last year
Active:   44
Absorption Rate*:  6.15 months

Brentwood Condos $1 to $2 Million

Sold:  0 / -1 over same period last year
Active:  9
Absorption Rate*:  10.84 months

Brentwood single family homes $2 to $5 Million

Sold;  2 / -1 over same period last year
Median Price:  $2,312,500 / – 26.64% over same period last year
Active:  30
Absorption Rate*:  6 months

Brentwood single family homes over $5 Million

Sold:  1 / +1 over same period last year
Price:  $6,650,000
Active:  13
Absorption Rate*:   26 months

With the exception of condos over $1M and single family homes over $5M the Brentwood L.A. housing market favors sellers. The high end luxury market, as in most areas, is the one that is suffering.

Previous Brentwood Los Angeles market reports

Brentwood Los Angeles Real Estate Market Report 2011

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