Brentwood, California - Active Listings and Sales (since September 4, 2009). K.C. Soll Sotheby's International Realty 11911 San Vicente Blvd. #200 Los Angeles, 90049 310.454.1525
Lifestyle buyers (taking advantage of low interest rates and comfortable with the price adjustments) were out in force this summer.
Sellers who wish to sell their homes before the end of the year, are advised to sharpen their pencils and work with an experienced agent. Aggressive advertising, home-staging, correct pricing = SOLD.
Market Statistics: There is about a 13 month's supply of homes on the market (133) ranging from $1,050,000 to $65Mil (17 bedrooms/17.5 baths on approx. 112 acres) in Mandeville Canyon. In August '07 there was a 7.4 month's supply, and August '08, there was a 10.8 month's supply of active listings for sale.
The current median asking price is $2,795,000. The average $ per SF= $1,019.17.
The median price for a home sale during this period was about $1,650,000. The average $ per Sq. Ft. = $739.27. In 2008, the average $ Per Sq. Ft. was $875.
Since September 4th, 2009 there have been 25 closed sales of single family residences. Closed sales ranged in price from $899,000, to $9,100,000. During this period, the difference between the average list price/ sales price was about 7.38%.
Interestingly, the average sale price in August '07 was $2,287,000; August '08 was $2,544,000 and the average price since September 4, 2009 was $2,697,920.
There are currently 37 homes in escrow, either looking for backup offers, or pending.
2008 Sales Statistics:
There were 146 sales of SFRs in 2008. The prices ranged from $751,000 (closed 12/2008) to $15,045,000 (closed 06/2008). The median price for homes sold in Brentwood, California, in 2008, was about $2.1Mil. The average Days On Market (DOM) was 64.
In 2008, there were 130 sales of condominiums in Brentwood, 90049. The median price was $682,000. The average Sq. Ft. was 1,529. The average $ Per Sq. Ft. was $515.
If you are interested in working with a local, highly experienced agent, please call me. All discussions are confidential. I have worked in Westside real estate sales and leasing for 30 years. Let me be your guide. ********************** 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
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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:
A native of Westside Los Angeles, K.C. Soll has sold real estate since 1974. Endowed with negotiating expertise, and sensitive to the unique requirements of each client, K.C. Soll demonstrates the ultimate level in customer care.
Her ability to impart the subtleties of value, area and convenience will give you absolute confidence in your choice of Realtor. Her "when you're ready" approach puts both buyers and sellers at ease. "My function is to provide information that will help you define your preferences. The referrals I receive validate the services and education I provide. I have helped hundreds of buyers and sellers crystallize their objectives 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 real estate sales and leasing from Malibu to Beverly Hills, including Brentwood, Pacific Palisades, Westwood, Cheviot Hills, Bel-Air, Beverlywood, Santa Monica, Mar Vista, Venice and Marina del Rey.
Please write or call for a confidential discussion of your timing and objectives.
Sincerely,
K.C. Soll Associate Broker Sotheby's International Realty 310.454.1525 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.
