16 Aug 2009

Homes for sale in Brea heat up this summer!house-money-small

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

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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

4 Responses to Brea Homes For Sale 2009
  1. I want to say – thank you for this!

  2. all good things

  3. You’re all welcome, good hearing from you!


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