Some consumers may be suprised to the the lack of inventory in our City of Brea, especially when it comes to single family homes.

2011 began with 60 single family detached homes for sale, compared to 61 in 2010.

• Prices range from $319,000 to $859,000
• Average asking price today is $515,000
• Average price is $272 per sq. foot
• Almost 50% are identified as other than “standard” sales” e.g. short sales, repos, investor flips, etc.
• 2010 Average of 18 closing $603,800/$263 sq. ft.
• 2011 average of 22 closing $524,500/$258 sq. ft.

For condo/attached homes:

• 31 condos or attached homes for sale.
• Average asking price is $377,000
• Almost 60% are non-standard sales
• 2010 Average of 6 closings $365,000/$260 sq. ft.
• 2011 Average of 4 closings $334,000/$262 sq. ft.

If you’re interested in learning more about life in Brea, here’s a list of  Brea YouTube Videos:

• Take a look at Brea’s Sports Park Here!
• Here’s the Sports Park Under the Lights
• Brea Honors Our  Military
• Brea Art in Public Places, it’s One of My Favorites in Brea
• Brea Farmers Market every Tue. in Downtown Brea
• Brea 24 HR Cancer Relay For Life! It’s a great event for all.
• Brea 8K every Feb. in Brea
• Brea Civic & Cultural Centre

If  you might love Brea like I do, then join the community page  “I Love Brea on Facebook”

When you’re ready to talk Brea real estate contact me, I’m a local Brea Broker, my company is Preferred Home Brokers. You can contact me directly at Lynda@PreferredHomeBrokers.com. I’d love to hear from you!

Here’s the scoop on Brea’s residential real estate homes sales report 2009:

Single family homes:

• 53 single family homes were for sale in Oct. The high for the year was 94 (six months ago) and a low of 50 last month.
• 21 homes were pending (in escrow) for Oct., that’s down from the past few months.
• 33 homes closed in Brea for the month of Oct. That was up for 20 and 23 for the prior two months.
  • The average days on the market for Oct. was 77 compared to 56 & 78 in prior two months.  

  Brea Condos:

  • 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 went into escrow, compared to 8 & 4 in previous two  months. 
  • 4 condos closed  escrow in Oct. compared to 7 & 3 past two 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.

  Brea is a City is well known for excellence in education. Our  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’re interested in Breal real estate, contact me, 714 595-1494, text or direct.

Homes for sale in Brea heat up this summer!

Brea, CA Real Estate Sales Report ~ Brea home sales heat up this summer in Orange County. 

Brea Single Family Homes for July 2009:

• 56 re-sale homes were  for sale, compared to 67 last month and 81 two months ago, 65/94/ respectively for the past few months.   
• 33 pending sales & back-ups, up dramatically 20 last month, and 23/18/ 25/12/20/16/36/30/27/ prior months.  
• 22 homes closed in July up from 15 last month & compared to  24/29/12/13/20/11/28/30/24/20/14/21 respectively in the prior 12 months. 
• Average selling price for July was $570,000 (compared to $482,668 last month) for a home with an average of 2238 square feet.
• The average days on the market for July was 38, down from 53 days in June and almost 1/2 of days on the market of 70 for May. 
• Of the 22 single family home, only 1 appears to be a bank/owned foreclosure, yet 4 out of the 22 were identified as short-sales or pre-foreclosure.

Brea Condo Sales Activity for July 2009:

• Only 10 Brea condo/town-homes were for sale, exactly the same as last month and compared to 14/16/14/6/12/9/13 in the past few months. 
• 4 pending sales/back-ups went into escrow the same as last month compared to 6/3/3/1/4/3/1/5/7/2/1/1/ in prior months. 
• 6 condos closed  escrow in July compared to 2/1/2/6/0/5/3/4/2/5/4/2/2/0 respectively in preceding months.
• 2 out of 6 closings were indentified as floreclosures, with 1 short sale. 

Comparing Brea home sales year-to- date 2008 vs. 2009. 

• 2008 ~ 152 Closed Brea sales $520,235  Average Sales Price, $298.15 Sq. Ft., 85 days on the market, $293.68 price per square foot.
• 2009 ~ 166 Closed Brea sales Closed, $527,785 average sales price, $262.36 Sq. Ft., 73d ays on market, $259.09 price per square foot.

Check out Southern Cal home prices per square foot to see how prices vary depending on your city.

We love Brea for many reason, our city is  well known for excellence in education. Seems to me like  Brea enjoys some of the bigger city benefits, yet maintains a small town atmosphere.   Many of us who live here feel we have the best of both worlds!

Check us out, contact me at Lynda@PreferredHomeBrokers.com

Single Family Homes for Brea:

• 68  re-sale homes were  for sale, down 17% from last month at 81 and 65/94/ respectively for the past few months.
• 23 pending sales and back-ups, up 22% from last month at 18 and  compared to 25/12/20/16/36/30/27/27/24 prior months.
• 15 homes closed in May compared to 24 last month and compared to  29/12/13/20/11/28/30/24/20/14/21 respectively in the prior 12 months.
• Average selling price for May was $537,480 (compared to $556,000 last month) for a home with an average of 1,986  square feet.
• The average days on the market was 70.

Condominium activity for May:

• 14 condo/town-homes were for sale, compared to 16/14/6/12/9/13 in the past few months.
• 6 pending sales/back-ups went into escrow up double from April, and  compared to 3/3/1/4/3/1/5/7/2/1/1/5/2/2 in prior months.
• 1 condo closed (yes 1) escrow in May compared to  2/6/0/5/3/4/2/5/4/2/2/0/3/3/2/4/6 respectively in preceding months.

Check out Southern Cal home prices per square foot to see how prices vary depending on your city.

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.

Brea, CA is very well located in Northern Orange County ~ If you lived in the SoCal community of Brea you would be approximately:

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

Here’s more on the new Sports Park, check it out. Looking for low/no cost fun in our city, read Brea Fun On A Budget.

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.

Brea single-family real estate sales activity for April 2008, prices range from $350,000 to $2,950,000.

• 114 re-sale homes currently for sale, down from prior of months  122/134/132/150/156/161/156 respectively.
• 17 pending sales, currently in escrow, as compared to 23/12/6/9/9/6/8 in prior months.
• 21 homes closed escrow in April almost double from 11 in March and 13/8/8/13/13/23/15, respectively in prior months.
• 17 homes were removed from the market, the listings either expired, were withdrawn or cancelled as compared to 28 in March and down from prior months.

Brea condominium sales activity for April ~Condos/town-homes range from $265,000.00 to 550,000.

• 14 condo/townhomes currently for sale, compared to 21/17/34/29/30/28 in preceding months.
• 5 pending sales went into escrow in April, as compared to 2/2/0/3/5/2/5/7 in prior months.
• 2 property closed escrow, (same as last two months) and compared to 0/3/3/2/4/6/4, respectively in preceding months.
• 4 properties were removed from the market, the listings either expired, were withdrawn or cancelled. The same number as March and also down from prior months.

The majority of homes for sale in Brea are priced from the upper $600,000 range to the upper $800,000 range. Currently there are 16 homes for sale in Brea in excess of $1,000.000. In addition there are three new custom homes in excess of $2,900,000.

• The average price per square foot for April 2008 was $337.00.

If you lived in Brea you would be approximately:

• 30 Miles east of downtown Los Angeles
• 39 Miles from LAX ~ Los Angeles International Airport
• 16 Miles from John Wayne Airport ~ Santa Ana
• 10 Miles from Disneyland, the “Happiest Place on Earth” ~ Anaheim, CA.

If you’re interested in Brea real estate contact me, Lynda@PreferredHomeBrokers.com.

If you’re planning on buying or selling a Brea home, you might find this interesting. I normall complete a market update every month. If you want more info on the Brea real estate market, contact me, Lynda@PreferredHomeBrokers.com

• Single family sales activity for Feb. 2008, prices range from $375,000 to $2,950,000

• 134 re-sale homes currently for sale, almost the same as 132 for January and  down from prior months of 150/156/161/156 respectively.  
• 12  pending sales, now in escrow, compared to up from 9/6/9/9/ 6/8 in prior months.
• 13 homes closed escrow in Feb/up from last 2 months, 8/8/13/13/23/15, respectively in prior months.

Condominium sales activity for Feb.~Condos/townhomes range from $275,000.00 to 550,000

• 17 condo/town-homes were for sale, the same as Jan. and fewer than 34/29/30/28 in preceding months.
• 2 pending sales went into escrow in Feb., same as last month and compared to 0/3/5/2/5/7 preceding months.
• 1 property closed escrow, compared to 0/3/3/2/4/6/4, respectively in preceding months.

The majority of homes for sale in Brea are priced from the upper $600,000 range to the upper $800,000 range. Currently there are 17 homes for sale in Brea in excess of $1,000.000. In addition there are three new custom homes in excess of $2,900,000.

Brea’s current re-sale inventory stands at 7 months. Meaning at the current rate of sales (based on year-end statistics in 2007) it would take 7 months to sell the  inventory assuming no others (new listings) were added to the existing supply. 

-Data source is the SoCal MLS.

Facts about beautiful Brea:

• Median income for Brea is approximately $85,000 
• Median age  is 35   
• City size is about 11 square miles. 

If you lived in Brea you would be approximately:

• 30 Miles east of downtown Los Angeles
• 39 Miles from LAX ~ Los Angeles International Airport
• 16 Miles from John Wayne Airport in Santa Ana
• 10 Miles from Disneyland, the “Happiest Place on Earth”   

Brea is a community with a balance of residential housing, business and commercial properties. The City is well known for excellence in education. 

Single family sales activity for December ~

150 re-sale homes for sale in the city, down slightly from 156/161/156 / in the last 3 months.

• 6 pending sales, in escrow, compared to 9/9/ 6/8/ 22 in prior months.
• 8 homes closed escrow in December, fewer than 13/13/23/15  respectively in prior months.
• 32 homes were removed from the market, listings expired, cancelled or withdrawn for the month compared to 34/26/32//31/ prior months.

Condominimum sales activity for December ~

• Condos/town-homes range from $309,000.00 to 548,000.00
• 34 condo/town-homes currently for sale, compared to 34/29/30/28 in preceding months.
• 0 pending sales went into escrow in December as compared to 3/5/2/5/7 preceding months.
• 3 properties closed escrow in December compared to 3/2/4/6/4, respectively in preceding months.

The majority of homes for sale in Brea are  priced from the upper $600,000 range to the upper $800,000 range. Currently there are 19 homes for sale in Brea over $1,000.000. There are a few new custom homes in excess of $2,900,000.

To learn more about Brea check out our fine city, take a look at All About Brea ~ Brea, CA 92821 & 92823 and see why it was named one of the Best places to live in the est by Sunset Magazine, Brea The Best of The West and you will see why Brea’s the Place to Be.