Brea Homes for Sale ~ Orange County CA, 2011 Real Estate Report

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!