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Brea Home Sales Report February 2009 ~ Real Estate Market update in So Cal

By
Real Estate Broker/Owner with Preferred Home Brokers 00402040

Brea, CA Residential Real Estate Sales Report ~ Brea Home Sales for February 2009. Brea, CA View in Winter 

Single Family Homes for February:

  • Average asking price was $627,000 for a home with 2,330 square feet.
  • 65 re-sale homes were  for sale, compared to 94 and 95 for the past two months.   
  • 12 pending sales, as compared to 20/16/36/30/27/27/24 preceding months.  
  • 12 homes closed in February compared to  13/20/11/28/30/24/20/14/21/13/88 respectively in the past 12 months. 
  • Average selling price for Feb. was $576,450 for a home with an average of 2,183 square feet.
  • The average days on the market was 86.

Condominium activity for February:

  • 6 condo/town-homes were for sale, compared to 12/9/13 in the past few months. 
  • 3 pending sales went into escrow in Feb. compared to  1/4/3/1/5/7/2/1/1/5/2/2 since the beginning of 2008.
  • 0 condos closed escrow for Feb. compared to  5/3/4/2/5/4/2/2/0/3/3/2/4/6 respectively in preceding months.

Brea is a City is well known for excellence in education. The schools have been definite attraction for residents in our community. We often say Brea enjoys some of the bigger city benefits, yet maintains a small town feeling. Many of us who live here feel we have the best of both worlds. 

Brea, CA is very well located in Northern Orange County ~ If you lived in 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, CA
  • 10 Miles from the "Happiest Place on Earth" Disneyland ~ Anaheim, CA.  

    Brea sport park          

 

In addition: Photo (upper right) a winter view of Brea, CA looking towards the beautiful San Bernardino snow capped mountains. A great place for local skiing, about 1 1/2 hour drive from Brea. We're also about 1 1/2 drive to desert area communities of Palm Springs and more. And don't forget we're about a 45 minute drive to our spectacular California coastline (photo left) for surfing or a day of winter bike riding.Brea Sports Park

 

 

 Here's more on the new Sports Park, check it out.

To learn more about Brea visit our city at  All About Brea~ Brea, CA 92821 & 92823 and view Sunset MagazineBrea The Best of The West and see why Brea's the Place to Be.

Brea is national headquarters for several major companies also known for a strong financial community, view Brea Means Business to learn more.

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.

Contact me Lynda@PreferredHomeBrokers.com, text or direct (714) 595-1494.

CA Department of Real Estate License number 402040.

 

Comments(11)

Maggie Dokic /Indialantic | 321-252-8696
Magdalena Dokic - Indialantic, FL
Selling the beach in Florida's space coast

Lynda, I never tire of hearing of your lovely Brea.  You provide such useful information for your home buyers.  It looks like your market's got some nice activity going on.

Mar 16, 2009 02:13 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Maggie ~ So good hearing from you.

Mar 16, 2009 02:52 PM
Mesa, Arizona Real Estate Mesa Arizona Realtor
Homes Arizona Real Estate LLC - Mesa, AZ
AzLadyInRed

Lynda, such beautiful photos. Which mountain is that with the snow? I'm trying to picture the area. Big Bear?

Pepper

Mar 16, 2009 02:57 PM
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate

Hi Lynda - A very comprehensive report of the Brea real estate market - as always.  You do such an excellent job of staying in touch with your market.  And, how I love the first photo.  I've been fortunate to see that view on a number of occaisions in winter...and you have that in your own back yard in Brea!

Mar 16, 2009 03:53 PM
William Johnson
Retired - La Jolla, CA
Retired

Great report. Sorry to hear that sales are down but then s is the inventory and things still look like a consistent ( be it slower) market.  predict that in the next 30 to 45 days, things will be increasing exponentially. (ok, maybe not so exponentially ) but I still think things are slowly improving.

Mar 16, 2009 04:14 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Teri ~ You're right, we're in Orange County and looking north is Big Bear in the San Bernardinos.

Marlene ~ Thanks so much, I love this view myself.

William ~ I'm in agreement, good hearing from you.

Mar 16, 2009 04:27 PM
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Lynda  Market reports are, in my opinion, a very important aspect of blogging - be they positive or negative.  Here in Northern Virginia our inventory is down.  Homeowners that do not have to sell are not listing their homes,  Karen

Mar 17, 2009 06:03 AM
Anonymous
Roger Howell

Hi Lynda,

Thanks for the report.  I like to look at the CA market, its sort of a precursor market for us in Boise.

Mar 17, 2009 06:40 AM
#8
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Roger ~ Hope things are well in Boise, thanks for the comment!

Mar 17, 2009 06:43 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Lynda - once again you have demonstrated a thorough knowledge of the Brea real estate market. The pendings, sales, and inventory have really been all over the place from month to month, and quite a bit different from the condos. Marlene is right - that first photo is a beaut!

Jeff

Mar 17, 2009 01:36 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Lynda I love your informative market reports.  The incorporation of places around Brea  is a wonderful idea.  The sports park looks like anice place to spend some time.

Mar 17, 2009 04:47 PM