23 Oct 2007

Brea Real Estate Market Report ~ September 2007

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Brea Sign Brea ~ California 92821 and 92823 ~ Residential Real Estate Market Update for September 2007

Brea is a wonderful community with a balance of residential housing, business and commercial properties. The City of Brea is well know for excellence in education. The schools have been a strong draw for residents in our community, most recently am award winning school district!

OUr city population is approximately 40,000 residents. The median price is the city is in the low $700,000 price range for the majority of the city, yet $900,000 for east Brea with newer/large homes in this area.

The real estate market report for sales/market activity for September 2007 is as follows:

Single family homes ~ Price ranges from $440,000 for a 2 bedroom, 1 bath home of 932 square feet to an upper end price of $1,450,000 to 6 bedrooms and 4 baths, 3,7000 square feet.

Single family sales activity for September ~

  • 156 re-sale homes currently for sale in the city, up only slightly from the prior month of July.

  • 6 homes sold entered escrow, as compared to 8/August, 22 /July and 17/June.

  • 13 homes closed escrow in September, compared to 23/August to 15 for June/July.

  • 32 homes were taken off the market, or listings expired or withdrawn for the month compared to 31/Augus and slighty fewer than July.

Condo data for September ~ Prices for condos/townhomes range from a beginning price of:

$310,000 for 2 bedrooms, 1 bath, 1,32 square feet –

$555,555,000 for 3 bedrooms 2 ½ baths, 2,044 square feet.

Condominimum sales activity for September ~

  • 30 condo/townhomes currently for sale, compared to August/28, which was up slighty from June.

  • 2 properties sold and are currently in escrow, compared to the same for August, July/5 and June7..

  • 4 properties closed escrow, compared to 5/August, 6/July and 4/June.

  • 2 homes were removed from the market, listings expired, cancelled or withdrawn from the MLS.

The majority of Brea homes are priced from the upper $600,000 price range to the upper $800,000 range. Currently there are 19 homes for sale in Brea in excess of $1,000.000.

Source-SoCalMLS by Lynda Eisenmann. Neeed help in SoCal 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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