South Brentwood Real Estate

South Brentwood Real Estate Review
by Elyse Arbour, Rodeo Realty – Brentwood
Learn more about Elyse Arbour, SBRA 1st VP

During 2015 there were 18 single-family homes that sold in our neighborhood with an average price of $2,690,000 which is an increase of 22.4% year-over-year. Half of the homes sold in multiple offers and sold for above the asking price! The highest price that sold was $4,000,000, the median price sold was $2,617,500 and the lowest price that sold was $1,547,013. The average square footage of living space was 3,237 and the average lot size was 7,189 square feet. The average price per square foot that sold was $878.00. Currently, there are only two homes for sale and three homes in escrow.
There were 124 condominiums that sold in 2015 with an average sales price of $832,000 which is a 6.4% increase year-over-year. The median price sold was $784,000. The highest price sold was $1,500,000 and the median price sold was $784,000 and the lowest price sold was $415,000. The average square footage was 1481 and the average dollar per square foot was $570.00. Currently, there are only 14 condos for sale and fifteen in escrow.
With only two single-family homes and fourteen condominiums currently for sale in our neighbor inventory is extremely low! This is great news for those of you who might be thinking of putting your home on the market and getting top dollar. These number reflect a seller’s market.
– Updated April 2016