LISTINGS FALL TO AN UNBELIEVABLE LOW LEVEL IN BREA CA
Real estate listings fell to an almost unbelievably low level in Brea, California in November. Month over month listings declined by more than 14%, leaving just over 3 dozen houses and a mere 3 condos for sale in the entire city. While the total number of homes for sale in Brea have decreased on a year to date basis, short sale and foreclosure listings have fallen the most, with a drop of 77.2% and 66.6% respectively. At this point, there is far more demand than supply, which has helped to drive prices upward and continues to create multiple offer situations and bidding wars.
Active Real Estate Listings in Brea CA = 41
Highest and Lowest Real Estate Listings in Brea CA:
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Lowest priced property for sale in Brea, CA - $275,000.00
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Highest priced property for sale in Brea, CA - $1,799,000.00
Brea CA Active Real Estate Listings By Property Type:
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38 Single Family Residence
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3 Condo/Townhouse
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0 Other (Land, Mobile Home, Mixed Use Property, etc...)
Brea CA Active Real Estate Listing By Sales Type:
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33 Standard
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1 REO*
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5 Short Sale**
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2 Other (Relocation Sale, Probate Sale, Flip, etc...)
Brea CA Active Real Estate Listings By Price Range:
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30 Brea, CA properties priced above $500,000.00
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11 Brea, CA properties priced at or below $500,000.00
PENDING SALES DECREASE BY 9% IN NOVEMBER 2012
Pending real estate sales decreased by just over 9% in Brea, from October to November 2012. However, the number of Brea, California homes in pending and back up status in November remained 21% greater than the number of pending sales posted in January.
Brea CA Properties In Pending And Back Up Status = 69
Brea CA Pending Properties By Sales Type:
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30 Standard
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1 REO*
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33 Short Sale**
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5 Other (Relocation Sale, Probate Sale, etc...)
33 PERCENT DROP IN REAL ESTATE SALES IN BREA CA
The number of closed real estate transactions decreased by more than 33% in Brea, California, on a month to month basis. However, the November 2012 real estate sales tally was still 30% higher than the number of closed sales in January, and a drop in home sales is typical at this time of the year.
Brea CA Properties Sold in November 2012 = 26
Brea CA Properties Sold By Sales Type:
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17 Standard Sales
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2 REO Sales*
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7 Short Sales**
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0 Other (Relocation Sales, Probate Sales, Flip, etc...)
Highest and Lowest Real Estate Sales in Brea CA in November 2012
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Lowest Brea, CA real estate sale - $250,000.00
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Highest Brea, CA real estate sale - $820,000.00
What Home Buyers Got For Their Money in Brea CA in November 2012
For $250,000.00 you could have purchased a condo in Brea, California with the following features and amenities:
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2 Bedroom
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2 Bath
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1,125 SF
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Built in 1974
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Washer and Dryer Hookups
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2 Car Attached Garage
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$309 HOA Dues
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Upgraded
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Located Near Downtown Brea
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Located in the Country Road Complex
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Short Sale
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Conventional Financing
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Brea Olinda Unified School District
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92821 Zip Code
For $820,000.00 you could have purchased a home in Brea, California with the following features and amenities:
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4 Bedrooms
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5 Baths
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3,700 SF
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8,746 SF Lot
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Built in 2003
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3 Car Attached Garage
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Upgraded Throughout
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Hills View
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Located in the Emerald Hills Community
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Standard Sale
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Conventional Financing
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Brea Olinda Unified School District
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92823 Zip Code
*REO: Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale: Properties that are still owned by the borrower, however the borrower is attempting to sell the property for less than what is owed to the lender, which the lender must approve.
Information contained in this market report was compiled from available MLS data as of Dec 1st, 2012.
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