Brea ~ Real Estate Market Update for December 2007 & Year End Real Estate Report

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• 32 homes were removed from the market, listings expired, cancelled or withdrawn for the month compared to 34/26/32//31/ prior months.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.