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🏡 April 2024 Luxury Real Estate Market Update & Trends for Brentwood 🌟

🏡 April 2024 Luxury Real Estate Market Update & Trends for Brentwood 🌟

By Christophe Choo Posted May 13, 2024 Latest Updates, Market Activity, Real Estate Advice for Buyers & Sellers, Videos

🏡 April 2024 Luxury Real Estate Market Update & Trends for Brentwood 🌟

🔻 Avg Sales Price: $3.40 million, 📉 down 37%

🔼 Avg List Price $9.59 million, 📈 UP 3%

🔼 Properties Sold: 14, 📈 UP 20%

🔻 Days on Market: 17 📆, 📉 down 48%

⚪️ $/Sq FT: $1,255, no change 0%

Unlock the hidden wealth in your Brentwood property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Brentwood? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!

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Nestled in the heart of Los Angeles, Brentwood stands out as a beacon of tranquility and upscale living. Known for its tree-lined streets, prestigious private schools, and homes that exude luxury, Brentwood continues to be a top choice for professionals and celebrities seeking a serene lifestyle in the midst of the city's hustle and bustle.

Market Dynamics in April: A Snapshot

April 2024 saw a fascinating shift in Brentwood's real estate dynamics. Despite a significant 37% drop in average sales price to $3.4 million from previous cycles, the market remains vibrant with 14 properties exchanging hands, marking a 20% increase in sales volume. This surge in transactions underscores a growing interest in the area, possibly driven by more competitive pricing.

List Price Trends

Conversely, the average list price in Brentwood saw a modest increase of 3%, reaching $9.5 million. This suggests that while buyers are capitalizing on lower sales prices, sellers are setting their sights high, anticipating that the unique appeal of Brentwood will continue to draw in high-net-worth individuals.

Exceptionally Quick Market Time

One of the most standout statistics this month is the dramatic reduction in days on the market. Homes in Brentwood are selling incredibly fast, with an average market time of just 17 days—a 48% decrease from previous periods. This rapid turnover is a testament to the area's desirability and the efficiency of its real estate market, making it an ideal time for sellers to enter the market.

Pricing Per Square Foot

Maintaining stability, the price per square foot in Brentwood holds steady at $1,255. While not as steep as in neighboring Beverly Hills, Brentwood occasionally surpasses it, reflecting its status as a premier location for luxury living.

Brentwood: A Country Feel in the Heart of LA

What truly sets Brentwood apart is its ability to offer a country-like atmosphere within the sprawling urban landscape of Los Angeles. The area provides a peaceful retreat from the city's faster pace, making it a coveted spot for those looking to enjoy the best of both worlds.


April 2024's market trends highlight Brentwood as a dynamic and appealing option for those seeking luxury and serenity in Los Angeles. Whether you're looking to buy or sell, Brentwood offers a unique opportunity to engage with a vibrant real estate market characterized by rapid sales, competitive pricing, and a touch of country charm.

Are you considering making a move in or to Brentwood? Let’s connect and explore how you can be part of this exceptional community. Your dream home awaits in one of Los Angeles’s most distinguished neighborhoods!

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