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Brea Homes For Sale ~ Brea Real Estate Report 2009

By
Real Estate Broker/Owner with Preferred Home Brokers 00402040

Brea, CA Real Estate Sales Report ~ Brea housing inventory remains low compared to earlier this year. 

Brea Single Family Homes for October 2009:North Hills Brea

  • 53 re-sale homes were  for sale, compared to 50/59/56/67/81/65/94/ respectively for the past few months.   
  • 21 pending sales & back-ups, down from 28/42/33/20/23/18/15/24/20/16/36/30/27 in prior months.  
  • 33 homes closed in Oct. as compared to 23/20/22/15/24/29/12/13/20/11/28/30
  • respectively in the prior 12 months. 
  • Average selling price for Oct. was $530,000 down slightly from last month, avg. sq. ft. was 2211.
  • The average days on the market for Oct. was 77 compared to 56 & 78 in two months.  

Brea Condo Sales Activity for Oct. 2009:

  • Only 13 condos were for sale, compared to 10/10/14/16/14/6/12/9/13 in the past few months. 
  • 4 pending sales/back-ups went into escrow, compared to 8/4/6/3/3/1/4/3/1/5/7/2/1/1/ in prior months. 
  • 4condos closed  escrow in Oct. compared to 7/3/6/2/1/2/6/0/5/3/4/2 respectively in preceding months.
  • Average closed condo prices was $328,000 for approximately 1,376 sq. ft. with an average marketing time of 52 days on the market.

  • Tomilson Park Brea, CA

    Brea-CA

 

 

 

 

 

 

 

 

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. 

If you lived in Brea-California you would be approximately:

  • 30 Miles east of downtown Los Angeles.  
  • 39 Miles west of LAX ~ Los Angeles International Airport,
  • 16 Miles north/west of  John Wayne Airport in Santa Ana, CA.
  • 10 Miles north of Disneyland the "Happiest Place on Earth" ~ Anaheim, CA.           

If you're interested in learning more about Brea see why Sunset Magazine named it one of the best places in the west, or check out Living In Dowtown Brea, or Downtown Brea Nights, Visit Brea Family Fun, Brea's Curtis Theatre or Downtown Brea Dining. Here's more on the new Sports Park, check it out. Looking for low/no cost fun in our city, take a look at Brea Fun On A Budget.

pixelstats trackingpixelPlanning 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 Brea CAPreferred Home Brokers for Real Estate Help, we're one of longest established real estate companies in Orange County under the same ownership.

For real estate, contact me, Lynda@PreferredHomeBrokers.com, we're one of the longest established independent  brokerages in Orange County under the same ownership, check us out Preferred Home Brokers.

~CA Real Estate License #402040  

 

Comments(14)

William Johnson
Retired - La Jolla, CA
Retired

Hi Lynda,

The condition of your market tells me that as Buyers get frustrated with too little inventory, as new inventory comes on there will less resistance to price and may actually see sight increases in sold prices. As long as it is slight and not dramatic, this could be a great equalizer in improving the markets.  :-)

Nov 19, 2009 02:28 PM
William Johnson
Retired - La Jolla, CA
Retired

I Hit the submit button before I was finished. It was so great spending time with you last week. I went back to the Trade show on Sunday and before that , took Sharon Simms to brunch for her birthday. We sat outside at Sally's at the Hyatt and enjoyed the warm sunshine as we dined by the Marina for brunch.

Nov 19, 2009 02:33 PM
Jim Dunlap
Roberts Realty - Yucca Valley, CA

As Realtors we seem to lament  over too much inventory or too little inventory.  That's just real estate.  I'm happy to see that there's sales being made in your area.  Brea is a very beautiful area.

Nov 19, 2009 02:58 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

It is so interesting to learn about what is happening in the various market across the states.  I think it will be interesting to see what happens in the RE market as we enter into winter months.

Nov 19, 2009 03:16 PM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Another comprehensive snapshot and highlights of Brea Lynda. You ALWAYS have all the facts at hand.

Nov 19, 2009 03:43 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Lynda - hard to believe another month has passed by. But I always know what to expect when I read your reports - easy to understand statistics, thoroughness, and some real insight as to what is going on in the market and in Brea itself.

Jeff

Nov 19, 2009 05:08 PM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Lynda the coverage your provide for Brea is always outstanding. Anyone who is looking to buy in the area good certainly get a good flavor by reading your articles.

Nov 19, 2009 11:07 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

William ~ I agree, depending on the price range of course. It's our entry level prices are go out the door. Sounds like you had a great time with Sharon (and a great water view from Sally's) on her b-day. I saw Sharon at the trade show myself on Sat.

Jim ~ Thanks, as mentioned above, it's our entry level that's hot.

Joan & Gary ~ Thnx.

Jeff & Bill ~ Always good hearing from you. Btw, Bill, you're supposed to be on vacation!

 

Nov 20, 2009 03:51 AM
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 your comprehensive Brea's report is something I look forward to each month, so insightful.  You really know the market.

Nov 20, 2009 03:26 PM
Jesse Clifton
Jesse Clifton & Associates - Fairbanks, AK

Another great Brea market report.  Great job, Lynda!

Nov 20, 2009 07:43 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Jennifer & Mr. Fairbanks AK ~ Thanks for the drop-by.

Nov 21, 2009 02:21 AM
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Lynda

Nice to see home sales up in Brea

Nov 27, 2009 05:18 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Lynda I am back now and when I get a free moment will be in touch! Hey it looks like you are going to be having a points milestone soon:)

Nov 28, 2009 09:19 PM
Sharon Paxson
Sharon Paxson, Realtor® EQTY Forbes Global Properties - Newport Beach, CA
Newport Beach Real Estate

Lynda - excellent market report, and hope to see the sales continuiing. Hope you had a wonderful Thanksgiving, and great start off to the holiday season!

Dec 01, 2009 04:14 AM