ANOTHER DOUBLE DIGIT DROP IN BREA CA REAL ESTATE LISTINGS
Real estate listings fell once again, leaving fewer than 3 dozen homes for sale in Brea, California, at the end of May 2013. Year over year, listings have fallen by more than 42%, with the bulk of that decrease in the short sale category, which has dropped 85.7% since May of last year. Declining inventory is more than unusual at this time of year, and could be an indication of homeowners reluctance to take on additional debt.
Pending home sales were up month over month, but posted a 25.2% drop, when compared to one year earlier. This decrease was inevitable, and we can expect to see these figures fall even further in coming months, due to the shortage of homes for sale in Brea.
Real estate sales increased by more than 22% between April and May 2013, and by nearly 19% year over year. However, unless there is a sharp increase in Brea real estate listings, the number of sales will begin to fall in coming months. In May 2013, the majority of real estate sales in Brea, California closed at or above the original list price.
ACTIVE REAL ESTATE LISTINGS IN BREA CA = 31
Highest and Lowest Real Estate Listings in Brea CA:
-
Lowest priced property for sale in Brea, CA - $315,000.00
-
Highest priced property for sale in Brea, CA - $1,150,000.00
Brea CA Active Real Estate Listings By Property Type:
-
26 Single Family Residence
-
4 Condo/Townhouse
-
1 Other (Land, Mobile Home, Mixed Use Property, etc...)
Brea CA Active Real Estate Listing By Sales Type:
-
29 Standard
-
0 REO*
-
2 Short Sale**
-
0 Other (Relocation Sale, Probate Sale, Flip, etc...)
Brea CA Active Real Estate Listings By Price Range:
-
22 Brea, CA properties priced above $500,000.00
-
9 Brea, CA properties priced at or below $500,000.00
BREA CA PROPERTIES IN PENDING AND BACK UP STATUS = 65
Brea CA Pending Properties By Sales Type:
-
45 Standard
-
0 REO*
-
16 Short Sale**
-
4 Other (Relocation Sale, Probate Sale, etc...)
BREA CA PROPERTIES SOLD IN MAY 2013 = 38
Brea CA Properties Sold By Sales Type:
-
25 Standard Sales
-
1 REO Sales*
-
9 Short Sales**
-
3 Other (Relocation Sales, Probate Sales, Flip, etc...)
List Price Versus Sales Price In Brea CA In May 2012
-
11 Properties sold at list price
-
12 Properties sold for less than the list price
-
15 Properties sold for more than the list price
Highest and Lowest Real Estate Sales in Brea CA in May 2013
-
Lowest Brea, CA real estate sale - $260,000.00
-
Highest Brea, CA real estate sale - $750,000.00
What Home Buyers Got For Their Money in Brea CA in May 2013
For $260,000.00 you could have purchased acondo in Brea, California with the following features and amenities:
-
3 Bedroom
-
1 Bath
-
1,401 SF
-
Built in 1970
-
$258 HOA Dues
-
No Interior Photos Or Description Provided- Condition Unknown
-
Short Sale
-
No Financing Information Provided
-
Sold For More Than The List Price Of $250,000.00
-
Located In The Hills Of Brea, On The Border Of La Habra
-
Brea Olinda Unified School District
-
92821 Zip Code
For $750,000.00 you could have purchased ahome in Brea, California with the following features and amenities:
-
5 Bedrooms
-
4 Baths
-
3,600 SF
-
6,643 SF Lot
-
Built in 2002
-
3 Car Attached Garage
-
$125 HOA Dues
-
No Interior Photos Provided- Listings States That Home Is In "Good Condition"
-
Short Sale
-
Conventional Financing
-
Sold For More Than The List Price Of $519,000.00
-
Located In The Hills Of Brea, On The Border Of Yorba Linda
-
Brea Olinda Unified School District
-
92823 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 June 1 and June 15, 2013.
RELATED ARTICLES:
Comments(2)