Real Estate Market Report

Los Angeles, CA 90049 - Brentwood

Condos/Townhomes

Brandon Miller - 310-985-5385 - BrandonM@fnf.com


Los Angeles, CA 90049 - Brentwood

Sat Sep 07 2024
This week the median list price for Los Angeles, CA 90049 - Brentwood is $1,237,500 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 46. Click here to stay informed with the Los Angeles market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Los Angeles, CA 90049 - Brentwood

Sat Sep 07 2024
This week the median list price for Los Angeles, CA 90049 - Brentwood is $1,237,500 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 46. Click here to stay informed with the Los Angeles market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $1,237,500
Median Price of New Listings $999,500
Per Square Foot $795
Average Days on Market 89
Median Days on Market 56
Price Decreased 37%
Price Increased 4%
Relisted 17%
Inventory 46
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,799,000 2,441 0.25 - 0.5 acre 3 3 38 0 2 42
$1,395,000 1,628 1 - 2.5 acres 2 2.5 22 0 0 56
$1,136,500 1,414 0.25 - 0.5 acre 2 2.3 39 3 1 28
$786,000 1,049 0.5 - 1 acre 2 2 52 1 3 91