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Brea California Market Update - Active Pending and Sold - Days on Market

Brea has seen an interesting year so far with inventory and prices.

The year started off with a lot of inventory and very soft prices.

Over the last couple months buyers were frenzied by the drop in prices combined with low interest rates. A lot of the good inventory which was priced correctly was sold - leaving us with undesirable homes and overpriced homes.

Here is a chart of the raw data. It is my prediction we will see an increase in inventory as the year continues coinciding with softer prices.

I am sure if you have been reading my blogs you will see a correlation between all North Orange County cities and they data trend. We have experienced the same indicators and will most likely have similar trends throughout the year.

Brea Market Update

Adam Brett
RE/MAX NOC
Fullerton, CA
714-496-8116
www.AdamsMLS.com

Posted by Adam Brett - Fullerton, California Realtor on 04/29/2008 04:18 PM

Comments (1)

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Originally posted at: Adam Brett's Blog - All Things Real Estate in Fullerton and Beyond: Brea California Market Update - Active Pending and Sold - Days on Market

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1 Comments on Brea California Market Update - Active Pending and Sold - Days on Market

APR

2008

Hi Adam, great page and interesting information. Compare Southern Cal marketing information with what's happening in Northwest Arkansas at my Blog at http://activerain.com/blogsview/477448/Market-Report When you check out that page click on the link and follow the directions to the full report that compares our marketing information from 2004 through 2007. This report includes such things as; Days on the market, Number of Expireds, Size of the Homes, The Price and price per S/F, and The Number of Sales in the Different Price Ranges.

There's quite a difference as you will see, but keep in mind that we're in the area that boasts the headquarters of Wal-Mart Stores and Tysons Foods.

From Hal Kennelley, an old West Covina Realtor.

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What does the graphic say?