Brea CA Real Estate Market Report
For The Month Of May 2012
AVAILABLE REAL ESTATE INVENTORY AND HOMES UNDER 500K DRY UP IN BREA CA
The already low inventory of homes and condos for sale in Brea, California dropped again, month over month. This is unusual for this time of year, as active real estate listings typically increase in the spring and summer months in Southern California. In addition, the number of Brea, California real estate listings under $500,000 decreased substantially from April to May.
Pending Brea, California home sales continued to increase from April to May, and the number of closed home sales in Brea, held steady. Overall, the Brea real estate market is stabile, and quite often buyers are competing for desirable properties.
ACTIVE REAL ESTATE LISTINGS IN BREA CA = 54
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Lowest priced property for sale in Brea, CA - $234,000.00
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Highest priced property for sale in Brea, CA - $1,795,000.00
Brea CA Active Real Estate Listings By Property Type:
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48 Single Family Residence
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6 Condo/Townhouse
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1 Other (Land, Mobile Home, Mixed Use Property, etc...)
Brea CA Active Real Estate Listing By Sales Type:
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39 Standard
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1 REO*
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14 Short Sale**
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0 Other (Relocation Sale, Probate Sale, etc...)
Brea CA Active Real Estate Listings By Price Range:
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35 Brea, CA properties priced above $500,000.00
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19 Brea, CA properties priced at or below $500,000.00
BREA CA PROPERTIES IN PENDING AND BACK UP STATUS = 87
Brea CA Pending Properties By Sales Type:
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44 Standard
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3 REO*
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35 Short Sale**
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5 Other (Relocation Sale, Probate Sale, etc...)
BREA CA PROPERTIES SOLD IN MAY 2012 = 27
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Lowest Brea, CA real estate sale - $235,000.00
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Highest Brea, CA real estate sale - $710,000.00
What can you get for your money in Brea CA?
For $235,000.00 you can buy a condo in Brea, California with the following features and amenities:
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2 Bedroom
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2 Bath
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1,033 SF
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Built in 1976
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Upgraded Throughout
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2 Car Detached Garage
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$190 HOA Dues
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Located on the Border of La Habra and Fullerton
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FHA Financing
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Brea Olinda Unified School District
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92821 Zip Code
For $710,000.00 you can buy a home in Brea, California with the following features and amenities:
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4 Bedrooms
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3 Baths
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3,100 SF
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5,500 SF Lot
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Built in 2004
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Highly Upgraded
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2 Car Attached Garage
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$88 HOA Dues
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FHA Financing
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Brea Olinda Unified School District
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92821 Zip Code
Brea CA Properties Sold By Sales Type:
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12 Standard Sales
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8 REO Sales*
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6 Short Sales**
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1 Other (Relocation Sales, Probate Sales, etc...)
*REO: Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale: Properties that are still owned by the borrower, however the borrower is attempting to sell the property for less than what is owed to the lender, which the lender must approve.
Information contained in this market report was compiled from available MLS data as of June 1st, 2012.
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