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Mid-Year Market Trends for Brea Real Estate

By
Real Estate Broker/Owner with Preferred Home Brokers 00402040

Brea, CA is a great place to call home, it's well located in Northern Orange County. While maintaining a small town atmosphere, Brea has some of the bigger city benefits for those of us who live here.

Take a look at the mid-year 2010 vs. 2009 market trends:

Single Family Homes:

  • 2009 ~ 121 Closings ~ Average Price $559,491 ~ 2,146 Square Feet ~ Days on Market 96
  • 2010 ~ 124 Closings ~ Average Price $533,778 ~ 2,148 Square Feet ~ Days on Market 80

Condo Sales:

  • 2009 ~ 18 Closings ~ Average Price $337,021 ~ 1,445 Square Feet ~ Days on Market 98
  • 2010 ~ 25 Closings ~ Average Price $334,336 ~ 1,325 Square Feet ~ Days on Market 57

 

Brea is know for excellence in education in the Brea-Olinda School District. Like to shop? The Brea Mall is one of the best in the Southland. Brea's Art in Public Places is like eye candy around town for those of us who live here.

Tuesdays are a fun day to be downtown for the Certified Farmers Market. Like sports the Brea Sports Park has something for everyone. Just for the fun of it, check out Brea's 8K run through through the city.

If you're considering a move to Brea, CA contact me, Lynda@PreferredHomeBrokers.com, text or direct at (714) 494-1494.

If you're a home seller, check out HomeSelling101.com for quick selling tips and videos. Virtual learning for real estate today!

 

Preferred Home Brokers is one of the longest established residential real estate brokerages under the same ownership in Orange County.  Located at 3230 E. Imperial Hwy. Ste. 125, Brea, CA 92821. We're on the tri-city area of Brea, Placentia & Yorba Linda.

-CA Broker's License #00402040

Comments(11)

Stanley Stepak
Howard Hanna - Avon Lake, OH - Avon Lake, OH
Realtor - Avon Lake, Avon, Bay Village, Westlake,

Condos have a strong demand in your area, interesting

Jul 19, 2010 02:59 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Lynda -- an interesting report.  We will have to see how things look in a month or so after the tax credit expiration to get a feel for where various markets are headed... Hopefully, things will continue on a positive course.

Jul 19, 2010 03:38 PM
William Johnson
Retired - La Jolla, CA
Retired

Hi Lynda, Great report. I have a qustion. While sales were up a bit, the average price dropped a little, do you feel that reflects that more lower priced homes sold this past year or do feel that real prices have dropped a bit or maybe a little of both. The amount is small enough to actually just be considered as being stable.

Jul 19, 2010 04:34 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Lynda - I always enjoy your reports, as I expect buyers and sellers do as well. Good information on te market as well as the areahe

Jeff

Jul 20, 2010 06:27 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 from your many post on Brea it sounds like a place I would love to visit.  Good to see an increase in the number of sales this year.

Jul 20, 2010 04:00 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Stan ~ I'd think the demand for condos was primarily due to the impact of the tax credit on our more entry level housing.  Stan Stepak Avon Lake Ohio Real Estate (Avon Lake, Bay Village, Westlake, OH) (Howard Hanna Gold- Avon Lake, OH)

Hi Joan ~ Seems to me like you're right on track, I'd agree with you. The next few months will be interesting. Joan Whitebook, ABR,e-Pro,CEBA Southern New Hampshire (Buyer's Option Realty Services)

 

Jul 20, 2010 05:44 PM
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Lynda  It would appear your price decline is over for condos - excellent, easy to understand report

Jul 22, 2010 03:50 AM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co
Jeff Pereyda
Coldwell Banker - Fremont, CA
Real Estate Agent-Broker Associate, GRI, SRES

Thanks for the So Cal Updates Lynda, real handy to see where we are going.

Jul 25, 2010 04:57 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Linda--Prices are down but not too significantly...Nice report on the Brea market!

Jul 26, 2010 08:09 AM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Jeff ~ Thanks! TriCity Real Estate Brokers, Inc.

Teri ~ Yes, I was surprised the numbers showed up that way myself. Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes (REMAX Specialists)

 

Jul 26, 2010 12:05 PM