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Brea Real Estate Market Trends, October 22, 2007

By
Real Estate Broker/Owner with ThinkFree Realty

Bob Coan -ThinkFree RealtyHome Inventory Brea, CA - Here is the most Up To Date Market Trends for Brea. Each week we take a snapshot of the market. This Altos Research Real-time Market Profile (TM) is the most up-to date market information available. The Profile shows you not only pricing and market numbers, but also trends in those numbers.


 

THIS WEEK
The median single family home price in BREA this week is $687000.

Brea Real-Time Market Profile

Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not
providing strong indication for market conditions.

PRICE
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Brea Median Price

SUPPLY AND DEMAND
Local conditions are currently quite strongly in the Buyer's Market zone (below 30). The 90-day Market Action Index stands at 17. With several months of inventory available at the current sales rate, buyers should find ample choice.

Brea Market Action Index

QUARTILES
Investigate the market in quartiles-where each quartile is 25% of the homes

Brea Characteristics per Quartile

Quartile 1 is Most expensive 25% of homes

Quartile 2 is Upper-middle 25% of homes

Quartile 3 is Lower-middle 25% of homes

Quartile 4 is Least expensive 25% of homes

Brea  Market Trend Reports - ThinkFree Realty


Here are some FREE Real Estate Tools for Brea Home Buyers and Sellers

1) Request a Free 12 Page Market Trends Report for Brea

2) Homes for sale in Brea

3) Find Out How Much Your Home is Worth

4) Search for Neighborhoods similar to Brea

5) Request a Home Tour in Brea

6) Search Local MLS, market data, featured listings in Brea

7) Relocation resources

8) First time buyer resources

 

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