Brentwood, 90049 Housing Market: April Sales Report
Brentwood Single Family Residence Latest Housing Data
Last week of April Data Brentwood-90049
The Brentwood, 90049 housing market has been robust for many years. The city's high demand for real estate has caused prices to soar, making it one of the most expensive places to live in the United States. The median list price for a Single-family residence in Brentwood is $6,574,500.
The market action index is lingering around 35, an increase over last month's market action index of 33. This indicates that the housing market in this area is starting to pick up, with more buyers entering the market. However, it is essential to note that the inventory has decreased to 70, which could be a challenge for buyers looking for their dream home in this area.
Even though we’re in a Seller’s market, prices have not yet resumed upward momentum. This could be a good sign for buyers as it may suggest they still have some negotiation leverage. However, if the increasing trend continues, we can expect prices to shift higher quickly.
April Market Report Brentwood
Single-Family Residence Sales and Market Compatibility for Buyers and Sellers in Brentwood, 90049
Median Price Sq. Ft. DOM (Date on the Market)
$19,495,000 10,332 84
$10,120,000 6,901 63
$4,750,000 3,544 70
$3,360,000 2,620 49
For those in the market for a home in Brentwood, properties priced up to $3.5 million seem to be the ideal price point for most home buyers, with a swift average turnover time of just 49 days on the market.
Latest Real Estate Condo-Sales Data Brentwood-90049
Latest Condo Sale Activity Brentwood, Ca
Brentwood, CA 90049. The median list price for condos in Brentwood is currently $1,195,000, with the market action index hovering around 50. This is an increase over last month's market action index of 48, indicating that the market is starting to pick up. However, it is essential to note that the inventory has decreased to 20, which could be a potential challenge for buyers looking for a condo or townhome in this area.
90049 Latest Market Report
This week in Brentwood Condo sales, especially with the decrease in inventory, the buyers could be looking at limited options and competition. This could lead to bidding wars and potentially higher prices. Buyers need to be prepared and work closely with their agents to act quickly and make competitive offers on properties they are interested in.
Condo Sales and Market Compatibility for Buyers and Sellers in Brentwood, 90049
Median Price SQ-Ft. DOM(Date on the Market)
$1,995,000 2,502 42
$1,299,000 1,618. 14
$1,075,000 1,449. 63
$525,000 477 45
For condominium sales in Brentwood, the optimal price range that balances affordability and competitiveness is around $1.3 million. Homes priced within this range sell quickly, with an average of 14 days on the market.
In conclusion, the housing market in Los Angeles, CA 90049 - Brentwood is starting to pick up; if the trend continues, we expect prices to shift higher quickly. If you plan to buy or sell a home in Brentwood, keeping a close eye on the market trends is essential. As we have seen, the Los Angeles real estate market can be unpredictable, and staying informed is critical to making sound investment decisions.
Whether you want to buy or sell a property in Brentwood-90049, We can help with everything from pricing, staging, marketing, and negotiating to managing the transaction process. With a deep understanding of the Brentwood market, we can also provide valuable insights into current market conditions and trends, helping you make informed decisions about your investment. We are here to help and support any of your real estate needs.