🏡 June 2024 Luxury Real Estate Market Update & Trends for Brentwood 🌟
🏡 June 2024 Luxury Real Estate Market Update & Trends for Brentwood 🌟
🔻 Avg Sales Price: $4.04 million,📉 down 4%
🔼 Avg List Price $10.25 million, 📈 UP 6%
🔼 Properties Sold: 19, 📈UP 21%
🔼 Days on Market: 36 📆, 📈UP 37%
🔼 $/Sq FT: $1,360, 📈 UP 8%
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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Welcome to our June 2024 luxury real estate market update for Brentwood, one of Los Angeles' most tranquil and upscale neighborhoods. Known for its tree-lined streets, distinguished schools, and luxurious homes, Brentwood is a favorite among professionals and celebrities alike. Let’s explore the latest market trends and insights for this serene area.
Market Overview
In June 2024, the average sales price in Brentwood stands at just over $4.04 million, reflecting a slight decrease of 4% from the previous 90 days. Despite this minor dip, the market remains robust, showcasing the enduring appeal of this luxurious neighborhood.
On the other hand, the average list price in Brentwood has risen by 6%, now hovering at $10.25 million. This increase indicates that sellers are optimistic about the market’s potential and are pricing their homes to reflect the premium value of the area.
Properties Sold and Market Time
A total of 19 properties were sold in Brentwood in June, marking a significant 21% increase from the previous 90 days. This uptick in sales activity highlights the strong demand for homes in this desirable neighborhood.
The average days on market (DOM) for homes in Brentwood is currently 36 days, which is a 37% increase from the previous period. While properties are taking slightly longer to sell, the market remains dynamic and competitive.
Price Per Square Foot
The average price per square foot in Brentwood has seen an 8% increase, now at $1,360. This rise underscores the high value and desirability of properties in this prestigious area, known for its luxurious homes and prime location.
Why Brentwood?
Brentwood is an ideal neighborhood for families, especially those with children attending private schools. The area is renowned for its excellent educational institutions and its close proximity to the beach, providing residents with fresh coastal air and a relaxed lifestyle.
Unlock the Hidden Wealth in Your Brentwood Property
Are you curious about your home equity or thinking of buying in Brentwood? Our team of expert real estate agents is here to provide you with the insights you need. We can guide you through the various opportunities within Brentwood to help you make the best decision for you and your family. Contact us at 📱 310-777-6342 for personalized advice and detailed market analysis.
Bottom Line
Brentwood continues to be a prime location for luxury real estate, offering a unique blend of tranquility and urban convenience. Whether you're buying or selling, understanding the current market trends and leveraging expert insights is crucial. Connect with a knowledgeable real estate agent to navigate this prestigious market and make informed decisions.