Median for Sale vs. Median Sold Single Family Residences in Brentwood,CA 90049
Median for Sale vs. Median Sold Single Family Residences in Brentwood, CA 90049
Brentwood California is a section of Los Angeles west of the 405 Freeway. It is bordered by Bel Air and on the East side and by Pacific Palisades on the West side. Most people who do not live in Los Angeles forget about Brentwood when they think of affluent communities. They always think of Beverly Hills and Malibu. Few people think of Brentwood which was forever made famous in 1994 by OJ Simpson murder case. When people think of this part of Los Angeles, particularly Brentwood they considered one of the quiet but affluent communities.
Today I was out with clients who wanted to step into the Los Angeles market, hence they asked me what where the Median for Sale vs. Median Sold properties for the past year. Hence since I had to do the research I thought I would share it here as well.
The numbers are very telling: There has been a price increase by 20% from December 2012 to December 2013. The Median price of for sale properties is down by 11%.
Clearly this shows that even though prices are up by 20 % we need to realize that it is still a good value to buy in the 90049 Zip Code! Please look at these graphs and I am sure you will agree with my conclusion!
If you are considering buying or selling a luxury home, an ultra luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 or homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com. I am a pet friendly realtor and I contribute a portion of my commissions to local animal rescue organizations. –
