Brea, CA Residential Real Estate Sales Report ~ Home Sales for August 2008 ~ Single Family Home 
Sales Up. August brought about the highest number of closings for single family homes in eleven months, and condo/town homes pending sales were the highest in months continuing the pattern.
Brea is a City is well known for excellence in education. The schools have been a strong attraction for residents in our community.
Like to shop? We've got it here, the Brea Mall is the second highest grossing mall in Orange County. 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 August 2008, prices range from $280,000 to $2,300,000 athough 90% of the homes in the city are priced under $1,000,000.
- 96 re-sale homes currently for sale, as compared to to 87/93/102/114/122/134/132 since the first of the year 2008/
- 30 pending sales, currently in escrow, the highest in 10 months. Compared to 27/27/24/17/23/12/6/9/9/6/8 in prior months.
- 28 homes closed escrow in August compared to 30/24/20/14/21/13/8/8/13/13/23/15, respectively in prior months.
Condominium sales activity for August ~ Condos/town-homes range from $275,000 to $530,000.
- 15 condo/town-homes are currently for sale, compared to 17/13/13/14/21/17/34/29/30/28 in preceding months.
- 7 pending sale went into escrow in August compared to 2/1/1/ 5/2/2/0 since the beginning of 2008.
- 4 condos closed escrow for the month, as compared to 2/5/4/2/2/0/3/3/2/4/6/4, respectively in preceding months.
*It's important to note of the pending sales for the month of August almost 60% of the current sales in our City of Brea (single family homes and condos combined) are identified as either a short-sale property (a homeowner who owes more than the selling/offered price) or are foreclosed properties now owned by the lender. This is the highest I've ever seen in 30+ in real estate in SoCal. Bottom line the number of sales are up, while prices are down.
The homes pictured on the left is an example of a recent Brea closing in northwest Brea near the North Hills community.
This 4 bedroom 3/bath home, (2,200+ square feet) sold in the mid $560,000 range. The lot size was almost 10,000. Time on the market? Less than two weeks.
The photo below (right) is a Brea Bank Repo in the upscale Sommerset development. Four bedrooms, 3 baths, 3 car garage, total square footage is 2,100 square feet (not including the garage. Listed price is $561,750.
If you lived in beautiful Brea, California 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? Check out Family Fun in Good Old Brea, or visit our City Hall Park, it's like a step back in time. Brea is also known for a strong business and financial community, learn more here, view Brea Means Business.
Planning on 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.
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