19 May 2008

Brea, CA Real Estate Sales Report ~ Home Sales for April 2008

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money-house-small.jpgHome sales in Brea have ticked up since mid Jan. 2008. While our activity has picked up prices have not. If you look at my report below, you can compare the number of sales in April 2008 to prior months.

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  • 17 homes were removed from the market, the listings either expired, were withdrawn or cancelled as compared to 28 in March and down from prior months.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  • 4 properties were removed from the market, the listings either expired, were withdrawn or cancelled.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.

About the Author

I maintains an active residential re-sale brokerage in Brea, CA, located in Orange County, about 20 minutes north of Disneyland. Contact Lynda directly at (714) 595-1494, or Lynda@PreferredHomeBrokers.com – CA License #00402040

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