Sales for single family homes in the City of Brea almost doubled in March and increased 2 1/2 times from prior 
months. March 2008 sales activity proved to be the highest we've seen in the past 7 months.
The City is well known for excellence in education. The schools have been a strong draw for residents in our community. It's often said Brea enjoys some of the bigger city benefits, yet maintains a small town atmosphere. Many of us who live here feel it's the best of both worlds.
Single family sales activity for March 2008, prices range from $365,000 to $2,950,000.
- 122 re-sale homes currently for sale, down slightly as compared to prior months of 134/132/150/156/161/156 respectively.
- 23 pending sales, currently in escrow, almost double from last month at 12 and compared 6/9/9/6/8 in prior months.
- 11 homes closed escrow in March 13/8/8/13/13/23/15, respectively in prior months.
- 28 homes were removed from the market, the listings either expired, were withdrawn or cancelled. Down from prior months.
Condominium sales activity for March ~Condos/town-homes range from $269,000.00 to 550,000.
- 21 condo/town-homes currently for sale, compared to 17/34/29/30/28 in preceding months.
- 2 pending sales (same as last month) went into escrow in March, also compared to 0/3/5/2/5/7 preceding months.
- 4 property closed escrow, compared to 2/0/3/3/2/4/6/4, respectively in preceding months.
- 4 properties were removed from the market, the listings either expired, were withdrawn or cancelled. Also down from prior months.
The majority of homes for sale in Brea are priced from the upper $600,000 range to the upper $800,000 range. Currently there are 17 homes for sale in Brea in excess of $1,000.000. In addition there are three new custom homes in excess of $2,900,000.
Brea's current re-sale inventory stands at 7 months. Meaning at the current rate of sales (based on year-end statistics in 2007) it would take 7 months to sell the inventory assuming no others (new listings) were added to the existing supply.
-Data source is the SoCal MLS.
Facts about beautiful Brea ~
- Median income for Brea is approximately $85,000.
- Median age is 35.
- City size is about 11 square miles.
If you lived in Brea you would be approximately:
- 30 Miles east of downtown Los Angeles
- 39 Miles from LAX ~ Los Angeles International Airport
- 16 Miles from John Wayne Airport in Santa Ana
- 10 Miles from Disneyland, the "Happiest Place on Earth" ~ Anaheim, CA.
To learn more about Brea take a tour around our city at All About Brea~ Brea, CA 92821 & 92823 and view Sunset Magazine, Brea The Best of The West and you will see why Brea's the Place to Be. Looking for family entertainment in the City of Brea? View Family Fun in Good Old Brea, or visit our City Hall Park, it's like a step back in time.
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.
Brea also known for a strong business and financial community, learn more here, view Brea Means Business or view Beautiful Brea-Orange Co. CA, 92821,
When it comes to real estate, contact us at Preferred Home Brokers, Brea's oldest independent real estate brokerage, serving home buyers and sellers for over 30 years. Contact Lynda Eisenmann, Broker-Owner.
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