Brea Real Estate Market Report- October 1st, 2009

Brea Real Estate Market Report- October 1st, 2009

Brea Active Listings= 60

Lowest priced listing in Brea= $240,000.00
Highest priced listing in Brea= $2,199,900.00

Active Listings Property Type:

• 51 Single Family Residences
• 9 Condos/Townhouses
  

Active Listings Sale Type:

• 37 Standard Listings
  
• 2 REO* Listing
• 21 Short Pay** Listings
  

Active Listings Price Range:

• 38 priced at or above $500,000.00
• 22 priced below $500,000.00

Brea Properties in Pending & Back Up Status= 81

Pending & Back Up Status Listing Type:

• 33 Standard Listings
  
• 13 REO* Listings
  
• 35 Short Pay** Listings
  

Brea Properties Sold From 9/1/09-9/30/09= 26

September, 2009 Sales Type:

• 21 Standard Sales
• 3 REO* Sales
• 2 Short Pay** Sales

Lowest Sept '09 Sales Price= $99,000.00
Highest Sept '09 Sales Price= $850,000.00

What can you buy in Brea at these prices?:

$99,000.00=

• 3 bed/2 bath manufactured home
  
• 1,500 s.f.
  

$850,000.00=

• 5 bd/3 ba custom single family residence
• 3,650 s.f.
• 8,482 s.f. lot
• 3 car garage
  
• Built in 2004
  

*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.