The K.C. Soll Group Sotheby's International Realty 310.245.6161
October/November Sales statistics and current listings for Brentwood, 90049 (SFR-Condo)
A busy month for Brentwood home sales!
SFR (single family residences) There were 13 closed sales of SFR's in October. The median price was $2,450,000. This was UP (+) 8.9% year-over-year. The average SF was 3,287. The average $ per SF=$734.
In November there were 9 homes sold. The median sales price was $1,803,750. As of November 30, there were 11 homes LOOKING FOR BACKUP offers and 10 properties with PENDING status. The average DAYS ON MARKET was 25 DOM.
Currently, there are 142 homes for sale ranging in price from about $908,000 to $65,000,000 for a compound in Mandeville Canyon. The median asking price for SFR's is $2,595,000. The average days on market (DOM) for active listings is 96.
Condominiums/townhouses: In October (2008) there were 17 sales with a median sales price of $565,000. That is DOWN (-) 34.5% year-over-year. In November there were 5 sales with median price of $615,000. The average DAYS ON MARKET (DOM) was 161!
Currently, there are 76 condos/townhouse for sale ranging in price from 295,000 for a 1 Bedroom/1 Bath to $1,875,000 for a Mountaingate townhouse with over 4,000 SF. The median asking price is $844,500.
Fall prognosis: Buyer's Market, no doubt about it!
Please don't hesitate to call me for informed, confidential real estate consultation. I have worked in Brentwood, Pacific Palisades and Santa Monica real estate sales for over 35 years. Let me help make your real estate goals a reality. ********************** If you are a seller, carefully consider your asking price compared to comparable properties. Staging your home for sale can be a good investment. Most buyers cannot visualize the potential of a vacant home.
Please call me for specific comparable sales in your neighborhood. I will send you the information you need to make an informed decision. ************************ Brentwood hosts the Getty Museum, several guard-gated residential areas, its own post office, two easy-access shopping areas, some of the finest dining, and adequate parking. The area north of Wilshire and south of San Vicente is divided between homes and condominiums. It provides the area a nice mix of students, singles, young families and elderly. It is an easy commute to the beach, movie theatres, and shopping centers of the Westside, without the commotion.
The convenience, casual lifestyle and ambiance of Brentwood-living continues to put great pressure on this market.
Although commuting to work is never pleasant, those who must, find Brentwood's proximity to the 405, Century City, Beverly Hills, Santa Monica, the Valleys and LAX, "as good as it gets."
Please call for a confidential discussion of your real estate goals for Westside Los Angeles. I locate or list homes and condominiums in Brentwood (and the entire Westside). I have sold properties in the area for over 20 years. I'd be happy to help you set realistic goals and assist in your wealth creation.
Sincerely, K.C. Soll K.C. Soll Real Estate Group Associate Broker Sotheby's Intl. Realty 310.245.6161
ZIP Code: 90049 Approximate Location Boundaries: Just East of Pacific Palisades, North to the Mulholland area (w. of the 405), South to West Los Angeles and East to Westwood and Bel-air
Location Characteristics: Characteristics: Brentwood (Southern California) is a natural choice for those who can afford the quiet sophistication and the luxury of wide streets, mature trees and large lots. Beach proximate, air-quality and convenience to the entire West Side of Los Angeles, are contributing factors to the stability of home prices.
Two guard-gated communities offer security and peaceful enjoyment of mountain, city and ocean views. The bustling Brentwood Village scene hosts high profile restaurants, a Whole Foods market, an excellent news and magazine stand, several coffee houses and the chic Brentwood Gardens. Barrington Plaza, directly off of Sunset Blvd. has an enjoyable and eclectic shopping center. The majestic Getty Museum overlooks Brentwood to the South Bay. No accident this convenient viewsite was chosen for an architectural masterpiece and learning center. Just below the bustle of Brentwood shopping on San Vicente, lies an area of apartments and condominiums that is desirable for safety and convenience. The residential neighborhood West of Bundy and South of San Vicente is an area of modest homes in the process of a land boom phase. The beautiful Mandeville Canyon with its new community of The Brentwood Country Estates is the crown jewel of hilltop living. The estates boast elegant gated estates with forever views.
About K.C. Soll:
Native, West Side Los Angeles Realtor and Associate Broker with 25 years of experience, "K.C. Soll" will guide you through the area (s), help you develop area preferences and walk you through the California Purchase Contract. Her ability to impart the subleties of Value, Area and Contract promotes confidence. Her "when you're ready" approach puts buyers and sellers at ease. "My function is to provide information that will help you define your preferences. Only through good data can you make good decisions. Referrals I receive validate the services and education I provide. I have helped hundreds of buyers and sellers crystalize their preferences and goals. For that talent, I am very grateful."
Please call my cell phone (310.245.6161) for immediate response. Knowing your price and location parameters, I can locate properties for your consideration. I specialize in property sales and marketing from Malibu to the Sunset Strip, including Brentwood, Pacific Palisades, Westwood, Cheviot Hills, Bel-Air, Beverlywood, Beverly Hills, Santa Monica, Mar Vista, Venice and Marina del Rey.
Please write or call for a confidential discussion of your timing and objectives. All customers should be pre-approved through a recognized lender, prior to submitting an offer to purchase.
Sellers please note, commissions are negotiable.
Sincerely,
K.C. Soll Associate Broker Sotheby's International Realty 310.255.5404 direct office line 310.245.6161 cell
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
