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🏡 December 2023 Luxury Real Estate Market Update & Trends for Brentwood 🌟

🏡 December 2023 Luxury Real Estate Market Update & Trends for Brentwood 🌟

By Christophe Choo Posted Jan 10, 2024 Latest Updates, Market Activity, Real Estate Advice for Buyers & Sellers, Videos

🏡 December 2023 Luxury Real Estate Market Update & Trends for Brentwood 🌟

🔼 Avg Sales Price: $4.79 million, 📈 UP 5% It’s a hot market!

⚪️ Avg List Price $9.16 million, no change 0%

🔼 Properties Sold: 16 , 📈 UP 66% Inventory is high!

🔼 Days on Market: 50 📆, 📈 UP 10%

🔻 $/Sq FT: $1,247, 📉 down 9%

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As we wrap up December, let’s take a leisurely stroll through Brentwood’s real estate scene. Brentwood, a serene escape for those seeking proximity to the beach without the Beverly Hills' flash, has been bustling with activity this festive month. Known for its top-notch private and public schools, and a more laid-back vibe, Brentwood is like a breath of fresh air in the LA property market.

Brentwood’s Market Snapshot: A Steady Climb in Luxury Living
The Brentwood area, favored for its casual, country-like charm, has witnessed an impressive rise in its real estate market. The average sales price in Brentwood has gracefully ascended by 5%, reaching a notable $4.79 million. This growth reflects the area's steady appeal among those who cherish luxury living blended with a more relaxed atmosphere.

Stable Listing Prices Amidst a Buzzing Market
Interestingly, while the sales prices have seen a hike, the average listing price in Brentwood holds steady, demonstrating a market that's both dynamic and stable. This unique balance makes Brentwood an attractive choice for buyers looking for both investment stability and lifestyle quality.

Brentwood’s Real Estate: A Symphony of Sales
December has been a particularly bustling month for Brentwood. The area saw a significant 66% increase in properties sold, indicating a high inventory and a vibrant market. This surge in sales activity underscores the growing interest in Brentwood’s relaxed yet luxurious lifestyle.

The Brentwood Advantage: Quality Living Near the Beach
In Brentwood, you’re not just buying a home; you’re embracing a lifestyle. With its proximity to Los Angeles’ beautiful beaches, excellent educational institutions, and a more understated yet upscale living experience, Brentwood offers an ideal blend of comfort and sophistication.

Conclusion: Brentwood - A Market of Relaxed Elegance
As we say goodbye to December and look forward to the new year, Brentwood stands out as a neighborhood that offers the best of both worlds - the tranquility of a country setting and the convenience of city living. If you're in the market for a home that promises both elegance and a relaxed pace, Brentwood is the place to be.

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