Brea, CA Real Estate Sales Report ~ Brea home sales hold steady in the Orange County housing market while Brea homes for sale (current inventory) remains lower this year than 2008.   Check it out and see why Brea's the place to be!

Brea Single Family Homes for June 2009:

• 67  re-sale homes were  for sale, almost the same as last month at 68 yet down 17% from two months ago at 81 and 65/94/ respectively for the past few months.   
• 20 pending sales & back-ups, almost the same as 23 last month at 18 and compared to 25/12/20/16/36/30/27/27/24 prior months.  
• 22 homes closed in June compared up from 15 last month & compared to  24/29/12/13/20/11/28/30/24/20/14/21 respectively in the prior 12 months. 
• Average selling price for June was $482,668 (compared to $537,480 last month) for a home with an average of 1843 (slightly smaller than May) square feet.
• The average days on the market was 53, compared to 70 in May. 

Brea Condo Sales Activity for June 2009:

• Only 10 Brea condo/town-homes were for sale, compared to 14/16/14/6/12/9/13 in the past few months. 
• 4 pending sales/back-ups went into escrow, compared to 6/3/3/1/4/3/1/5/7/2/1/1/ in prior months. 
• 2 condos closed  escrow in June compared to 1/2/6/0/5/3/4/2/5/4/2/2/0 respectively in preceding months.

Comparing Brea Home Sales for Six Months Jan./June 2008 to Same Time 2009:

• 2008 ~ 121 Brea Sales Closed, $520,800 Average Sales Price, $298.15 Sq. Ft., 89 Days on Market, and a minimum of 19% of the sales were identified as a *"distressed sale".
• 2009 ~ 140 Brea Sales Closed, $531,000 Average Sales Price, $262.36 Sq. Ft., 80 Days on Market, and a minimum of 39% of the closings were identified as "distressed sales".

 Check out Southern Cal home prices per square foot to see how prices vary depending on your city.

Brea is a City is well known for excellence in education. The schools have been definite attraction for residents in our community. We often say Brea enjoys some of the bigger city benefits, yet maintains a small town feeling. Many of us who live here feel we have the best of both worlds. 

Brea, CA is very well located in Northern Orange County ~ If you lived in the Southern Cal community of Brea you would be approximately:

• 30 Miles east of downtown Los Angeles.  
• 39 Miles west of LAX ~ Los Angeles International Airport,
• 16 Miles north/west of  John Wayne Airport in Santa Ana, CA
• 10 Miles north of Disneyland the "Happiest Place on Earth" ~ Anaheim, CA.           

Here's more on the new Sports Park, check it out. Looking for low/no cost fun in our city, read Brea Fun On A Budget.

If you're interested in learning more about Brea see why Sunset Magazine named it one of the best places in the west, or check out Living In Dowtown Brea, or Downtown Brea Nights, Visit Brea Family Fun, Brea's Curtis Theatre or Downtown Brea Dining.

Planning on spending a day or two here? Check out, Brea ~ CA as Featured in Westways Magazine  for day tripping around town. If you're want more on Brea real estate contract me, Lynda Eisenmann at Preferred Home Brokers for Real Estate Help, we're one of longest established real estate companies in Orange County under the same ownership.

For real estate, contact me, Lynda@PreferredHomeBrokers.com, we're one of the longest established independent  brokerages in Orange County under the same ownership, check us out Preferred Home Brokers. To reach me: Lynda@PreferredHomeBrokers.com,text or direct (714) 595-1494.

* A distressed sale is identified in the So Cal Multiple Listing Service as a property that is either, bank-owned, a short sale, in foreclosure, or a notice of default has been filed among other things. . Not all listing agents properly identify the status with accuracy, that's why I indicated a "minimum" of these sales have been identified this way.

~CA Real Estate License #402040