BREA CA SHORT SALES DROP NEARLY 50% AS LISTINGS DISAPPEAR
The incredibly low inventory of homes and condos for sale in Brea, California continued its decline last month. In fact, by the end of June 2012 there was only one available condo for sale throughout the entire city of Brea.
There was a noticeable change in the type of real estate listings in Brea, California; as of the end of June 2012, there were no foreclosure properties available, and the number of Brea short sales decreased by nearly 50%.
Active Real Estate Listings in Brea CA = 43
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Lowest priced property for sale in Brea, CA - $250,000.00
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Highest priced property for sale in Brea, CA - $1,088,888.00
Brea CA Active Real Estate Listings By Property Type:
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42 Single Family Residence
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1 Condo/Townhouse
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0 Other (Land, Mobile Home, Mixed Use Property, etc...)
Brea CA Active Real Estate Listing By Sales Type:
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34 Standard
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0 REO*
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8 Short Sale**
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1 Other (Relocation Sale, Probate Sale, etc...)
Brea CA Active Real Estate Listings By Price Range:
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30 Brea, CA properties priced above $500,000.00
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13 Brea, CA properties priced at or below $500,000.00
PENDING REAL ESTATE SALES DECREASE FROM MAY TO JUNE 2012
Surprisingly, the number of Brea, California homes and condos showing in pending and back up status actually decreased from the end of May to the end of June 2012. Considering the fact that the active listings declined month over month in Brea, this would indicate that many of May's pending sales closed during the month of June. It could also signify that a good deal of Brea real estate listings that went pending in June 2012, closed within the same month.
Brea CA Properties In Pending And Back Up Status = 81
Brea CA Pending Properties By Sales Type:
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29 Standard
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2 REO*
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46 Short Sale**
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4 Other (Relocation Sale, Probate Sale, etc...)
STANDARD REAL ESTATE SALES ALMOST TRIPLE IN BREA CA
There was upward movement in the number of closed real estate sales in Brea, California from May to June 2012. Surprisingly, the largest increase in sales came from the standard real estate listing category, which nearly tripled as compared to the number of sales posted for January of this year, and more than doubled from last month's figures.
Brea CA Properties Sold in June 2012 = 34
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...)
Highest and Lowest Real Estate Sales in Brea CA in June 2012
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Lowest Brea, CA real estate sale - $250,000.00
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Highest Brea, CA real estate sale - $1,150,000.00
What Home Buyers Got For Their Money in Brea CA in June 2012
For $250,000.00 you could have purchased a condo in Brea, California with the following features and amenities:
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2 Bedroom
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3 Bath
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1,232 SF
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Built in 1974
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Indoor Laundry
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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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Corsican Villas Condo Complex
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Standard Sale
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Conventional Financing
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Brea Olinda Unified School District
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92821 Zip Code
For $1,150,000.00 you could have purchased a home in Brea, California with the following features and amenities:
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4 Bedrooms
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5 Baths
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4,723 SF
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9,738 SF Lot
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Built in 2011
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Highly Upgraded Throughout
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3 Car Attached Garage
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$245 HOA Dues
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Standard Sale
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Conventional Financing
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Castillian at Blackstone Community
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Brea Olinda Unified School District
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92821 Zip Code
*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 July 1st, 2012.
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