“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
HomeBrea, CA ~ Real Estate Report ~ Sales Near...

Brea, CA ~ Real Estate Report ~ Sales Nearly Double in March 2008!

Sales for single family homes in the City of Brea almost doubled in March and increased 2 1/2 times from prior months. March 2008 sales activity proved to be the highest we've seen in the past 7 months.

The City is well known for excellence in education. The schools have been a strong draw for residents in our community. It's often said Brea enjoys some of the bigger city benefits, yet maintains a small town atmosphere. Many of us who live here feel it's the best of both worlds.

Single family sales activity for March 2008, prices range from $365,000 to $2,950,000.

  • 122 re-sale homes currently for sale, down slightly as compared to prior months of 134/132/150/156/161/156 respectively.
  • 23 pending sales, currently in escrow, almost double from last month at 12 and compared 6/9/9/6/8 in prior months.
  • 11 homes closed escrow in March 13/8/8/13/13/23/15, respectively in prior months.
  • 28 homes were removed from the market, the listings either expired, were withdrawn or cancelled. Down from prior months.

Condominium sales activity for March ~Condos/town-homes range from $269,000.00 to 550,000.

  • 21 condo/town-homes currently for sale, compared to 17/34/29/30/28 in preceding months.
  • 2 pending sales (same as last month) went into escrow in March, also compared to 0/3/5/2/5/7 preceding months.
  • 4 property closed escrow, compared to 2/0/3/3/2/4/6/4, respectively in preceding months.
  • 4 properties were removed from the market, the listings either expired, were withdrawn or cancelled. Also down from prior months.

The majority of homes for sale in Brea are priced from the upper $600,000 range to the upper $800,000 range. Currently there are 17 homes for sale in Brea in excess of $1,000.000. In addition there are three new custom homes in excess of $2,900,000.

Brea's current re-sale inventory stands at 7 months. Meaning at the current rate of sales (based on year-end statistics in 2007) it would take 7 months to sell the inventory assuming no others (new listings) were added to the existing supply.

-Data source is the SoCal MLS.

Facts about beautiful Brea ~

  • Median income for Brea is approximately $85,000.
  • Median age is 35.
  • City size is about 11 square miles.

If you lived in Brea you would be approximately:

  • 30 Miles east of downtown Los Angeles
  • 39 Miles from LAX ~ Los Angeles International Airport
  • 16 Miles from John Wayne Airport in Santa Ana
  • 10 Miles from Disneyland, the "Happiest Place on Earth" ~ Anaheim, CA.

To learn more about Brea take a tour around our city at All About Brea~ Brea, CA 92821 & 92823 and view Sunset Magazine, Brea The Best of The West and you will see why Brea's the Place to Be. Looking for family entertainment in the City of Brea? View Family Fun in Good Old Brea, or visit our City Hall Park, it's like a step back in time.

Spending a day or two here? Check out, Brea ~ CA as Featured in Westways Magazine for day tripping around town. If you're want more on Brea real estate contract me, Lynda Eisenmann at Preferred Home Brokers for Real Estate Help, we're one of longest established real estate companies in Orange County under the same ownership.

Brea also known for a strong business and financial community, learn more here, view Brea Means Business or view Beautiful Brea-Orange Co. CA, 92821,

When it comes to real estate, contact us at Preferred Home Brokers, Brea's oldest independent real estate brokerage, serving home buyers and sellers for over 30 years. Contact Lynda Eisenmann, Broker-Owner.

Posted Thursday Apr 03
(04/03/08 01:27PM) — San Diego Real Estate Voice authored by William Johnson GRI CRS e-PRO

A great report , Lynda. Sales are tending up, the expired and withdrawns, tending down. Who could ask for more as we make our way through this great morass of the media driven decline on people owning their own piece of the American Dream. That same media is trying to sell that dream which they claim is not about just owning your own home but of having a spokesperson using words to incite a new dream, where every window ledge has a freshed baked apple pie wafting through the streets to allure the senses. But for those born yesterday that haven't already fallen off the turnip truck, that media driven new dream has caught on and it makes me feel like I'd rather be  driven over by that same turnip truck than smell that artificial apple pie.

(04/03/08 02:26PM) — Celeste "SALLY" Cheeseman (RA), e-PRO HAWAII Real Estate & HAWAII Relocation

Oh, wonderful Lynda!  Great news and information for your market.

(04/03/08 02:46PM) — Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA

Hi William ~ You have such a way with words! Thanks for the visit and informative comment.

Aloha Sally ~ Yes, it's good to see our numbers up significantly.

(04/03/08 03:30PM) — San Diego Real Estate Voice authored by William Johnson GRI CRS e-PRO

Hi Lynda, I knew you would appreciate my silly diatribe with the very clear message.

(04/03/08 03:45PM) — Missy Caulk Ann Arbor Realtor Ann Arbor Real Estate

Lynda, this is so exciting !! Glad your area is doing so well. 

(04/03/08 06:28PM) — Camarillo CA Real Estate Agent/ Mana Tulberg

Lynda, This is fantastic news for your area. I heard CAR reporting an increase in sales last month (February) all over CA, but this is great news for your area. You guys have done exceptionally well.

(04/03/08 09:29PM) — Jennifer Fivelsdal, Rhinebeck NY

Lynda - That is great news, I hope this spreads to other markets.

(04/03/08 10:08PM) — Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA

William ~ You're right!

Missy ~ Thanks for the visit.

Mana ~ Glad to hear it, I'll need to take a look at the stats from CAR.

Jennifer ~ So far 2 out of the 3 cities  I've reported on have had a large increase in pending sales in March.

(04/04/08 06:32AM) — Bill Gassett Metrowest Massachusetts Real Estate

Lynda as usual another terrific market report covering your area. I am very happy to hear your area is doing well! It must be exciting having such a pick up in activity.

(04/04/08 09:50PM) — Central Oregon Real Estate | Thesa Chambers, Broker

what great news - go gettem

(04/05/08 12:59PM) — Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA

Hi Bill & Thesa ~ Thank you. So far 2 out of the 3 cities I've survey have had a pretty dramatic increase in sales.

(04/06/08 10:56PM) — Chris Tesch College Station, Texas Real Estate

Lynda, awesome news!!!!  I'm so happy for you!

(04/07/08 07:00AM) — Mike Jones

Lynda,

Thank you for spotlighting the positive news.  It's downright refreshing!

Mike in Tucson

(04/07/08 10:55AM) — Tina Maraj Shah Fullerton Realtor

Great News Lynda, Things are picking up in Fullerton too! Happy Spring!

(04/07/08 11:49AM) — Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA

Chris ~ Good hearing from you.

Mike ~ Thanks for the comment.

Tina ~ Glad to hear it.

(04/07/08 07:51PM) — Sacramento Real Estate and Luxury Homes, Assoc. Real Estate Broker,Gena Riede

Lynda, Brea sounds like a great place to live. Thank you for sending me your latest newsletter. I enjoyed it and found it very informative. Thanks.

You do such a wonderful job bringing good vital information to prospective clients about your area.

(04/07/08 08:45PM) — Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA

Hi Gena ~ Thanks for the nice comment and visit, and yes Brea's a great place to call home!

(04/07/08 10:06PM) — Manhattan Beach CA/ e-PRO..... Kaye Thomas...

Lynda- I think sales are looking up everywhere.. it's not earth shaking but sure beats the last 6 months

(04/07/08 10:16PM) — Jack Jackson, Total Home Inspection,Az, & Ca.

Lynda-I jumped on here just to check on what's happening, and you made my day!  It's nice to know where on the road to recovery!  Don't forget to share the wealth with your local home inspector!

  Jack Jackson, totalhomeinspectionservices.biz

(04/07/08 10:46PM) — Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA

Hey Kaye ~ I think you're right. So far I've survey 3 cities in my area, one was the same the other two (Brea being one of them) was up. The other city is Placentia, there sales were 5 times greater in March than Jan. & Feb.

Hi Jack ~ So good hearing from a home inspector, thanks for the visit.

(04/08/08 09:29AM) — Jack Jackson, Total Home Inspection,Az, & Ca.

Wow a response to a comment..I must be gettin the hang of it! I'm new at this..but love the site, kinda miss the OC...what a beautiful picture you got of the mountains there. My inspector there is Bob Parker he is a retired home builder and now covers the LA, OC, Riverside,San Berdu areas, If you get a chance use him...everyone likes his style. I'm not trying to sell you just stating fact..Not sure how to communicate or participate without seeming to solicit. I guess if I step on someones toes I'll hear about it! Oh yeah....and GO ANGELS!!!!  Jack

(04/09/08 01:49PM) — Galel Fajardo

This is a great time to buy! North Orange County is a beautiful place, and there are a ton of wonderful places available.

Post a comment

Temporarily disabled — coming soon!