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Brea, CA

Brea CA, Real Estate Market Update Februaury 1st 2012 Through March 1st 2012

Carlos J. Amador: Real Estate Agent in Fullerton, CA

Brea CA, Real Estate Market Update Februaury 1st 2012 Through March 1st 2012 -- Brea Realtor

brea real estate, brea homes for sale, brea realtor

Brea CA, Real Estate Market Update Februaury 1st 2011 Through March 1st 2012 -- Brea Realtor

Single Family Residence

Active Homes for sale: 53 (Same as last month,53)

Homes In Backup Status (in escrow, taking backup offers) :32 (up from last month, 26)

Homes Withdrawn from the market: 0 (down from last month, 3)

Closed Escrow: 18 (same as last month, 18)

Average Days on Market (DOM) : 75 (down from last month,128)

Highest Sales Price: $770,000 (down from last month, $949,000)

Lowest Sales Price: $235,000 (down from last month, $335,000)

Average Sales Price:$432,614 (down from last month, $515,478)

Condominiums

Active Condos for sale: 15 (up from last month, 12)

Condos in Backup Status (in escrow, taking backup offers) : 2 (up from last month, 1)

Condos withdrawn from the market: 0 (same as last month, 0)

Closed Escrows: 3 (down from last month, 6)

Average days on market (DOM) : 125 (significantly up from last month, 82)

Highest sales price: $385,000 (up from last month, $ 367,000)

Lowest sales price: $250,000 (up from last month, $150,000)

Average Sales Price : $335,000 (up from last month, $242,000)

Source: Socal MLS

Information is not guaranteed

Real Estate Stats for Brea CA

Dave Labok |Fullerton|Brea|Buena Park Homes: Real Estate Agent in Fullerton, CA

Real Estate Stats for Brea CA

For specific Brea neighborhood sales information and current individual neighborhood home values call Dave at 714 582-8075. We will email you a FREE current comprehensive neighborhood value report.

All the stats and home prices below reflect the activity in the entire city of Brea CA. Each individual area and/or neighborhood statistics are different from others within the city. The factors that account for how a particular neighborhood is performing in the current market are numerous and varying.

To obtain an overview of the home sales activity in your neighborhood click on the Market Snapshot below. You will see the sales in the last 6 months. To obtain a much more precise free email report of any specific area or neighborhood, click on the graphic below:

CMA graphic 2

This page is dedicated to tracking the ongoing Brea, CA monthly real estate stats and the number of available properties in the various home price levels. These are the statistics for February 2012.

The charts below reflect Single Family Homes (SFR) newly placed on the market for sale in Brea CA. It also shows a breakdown of the of different asking price points as well as the average square footage in each pricing level for those homes that, as of March 3, 2012 were still "Active" status in the Multiple Listing Service (MLS).

New SFR Listings

SFR averages

Below are the real estate stats for Brea Ca for the Single Family Homes (SFR) that closed escrow and the type of listing they were in the month of February 2012. While Standard or Equity sales accounted for barely majority (52%) of all closed sales the other 48% were distressed (REO or Short sales) transactions. This trend continues to be is a positive indication of a much healthier overall Brea SFR market.

SFR Closings

Brea condominium stats and home square footage averages for February 2012.

New condo listings

Condo averages

Below are the condominium transactions that closed escrow in Brea, CA for February 2012.

Closed Condos

The chart below indicates the overall totals for currently active, backup offer and pending status listings in Brea, CA in the Multiple Listing Service (MLS).

Overall Brea stats

To stay informed on the latest Brea, CA real estate stats & trends or to shop for Brea homes go to www.HomeDeals.com.

To view more details about the current Home Prices in Brea Click Here.

To see the Home Prices for Brea's neighboring city Fullerton Click Here: Home Prices In Fullerton

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All information deemed accurate as of 3/3/2012 but not guaranteed.

February 2012 Brea CA Real Estate Market Report

Gina Lemos-Orange County CA Real Estate Agent & Multi State Mortgage Bankers: Real Estate Agent in Yorba Linda, CA

BREA, CA REAL ESTATE MARKET REPORT

FOR THE MONTH OF JANUARY, 2012

ACTIVE REAL ESTATE LISTINGS IN BREA, CA = 71

  • Lowest priced property for sale in Brea, CA - $224,900.00
  • Highest priced property for sale in Brea, CA - $3,205,000.00

Brea, CA Active Real Estate Listings By Property Type:

  • 59 Single Family Residence
  • 12 Condo/Townhouse
  • 0 Other (Land, Mobile Home, Mixed Use Property, etc...)

Graph of Brea CA Homes, Condos and Land For Sale

Brea, CA Active Real Estate Listing By Sales Type:

  • 44 Standard
  • 3 REO*
  • 21 Short Sale**
  • 3 Other (Relocation Sale, Probate Sale, etc...)

Graph of Brea CA Foreclosures, Short Sales and Standard Listings for Sale

Brea, CA Active Real Estate Listings By Price Range:

  • 38 Brea properties priced above $500,000.00
  • 33 Brea properties priced at or below $500,000.00

BREA, CA PROPERTIES IN PENDING AND BACK UP STATUS = 60

Brea CA Pending Properties By Sales Type:

  • 22 Standard
  • 5 REO*
  • 30 Short Sale**
  • 3 Other (Relocation Sale, Probate Sale, etc...)

Graph of Brea CA Pending Foreclosures, Short Sales and Standard Sales

BREA, CA PROPERTIES SOLD IN JANUARY 2012 = 19

  • Lowest Brea real estate sale - $235,000.00
  • Highest Brea real estate sale - $630,000.00

What can you get for your money in Brea, CA?

For $235,000.00 you can buy a condo in Brea, California, with the following features and amenities:

  • 2 Bedroom
  • 2 Bath
  • 1,773 SF
  • Built in 1975
  • 2 Car Attached Garage
  • Indoor Laundry
  • Near the La Habra Border
  • 92821 Zip Code

For $630,000.00 you can buy a home in Brea, California, with the following features and amenities:

  • 4 Bedrooms
  • 3 Baths
  • 2,987 SF
  • 9,077 SF Lot
  • 3 Car Attached Garage
  • Built in 1978
  • Some Upgrades
  • Spa
  • Located in Eagle Hills Tract
  • 92821 Zip Code

Brea, CA Properties Sold By Sales Type:

  • 11 Standard Sales
  • 4 REO Sales*
  • 4 Short Sales**
  • 0 Other (Relocation Sales, Probate Sales, etc...)

Graph of Brea CA Sold Foreclosures, Short Sales and Standard Sales

*REO: Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale: Properties that are still owned by the borrower, however the borrower is attempting to sell the property for less than what is owed to the lender, which the lender must approve.

Information contained in this market report was compiled from available MLS data as of March 1st, 2012.

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Why You Should Buy A Home In Brea CA

Gina Lemos-Orange County CA Real Estate Agent & Multi State Mortgage Bankers: Real Estate Agent in Yorba Linda, CA

Brea, California

The city of Brea is located in the north east portion of Orange County, in Southern California. Brea, California is located off the 57 Orange Freeway and is bordered by Chino Hills State Park, and the cities of Placentia, La Habra, Fullerton, and Yorba Linda, California.

Brea is approximately 25 miles from the beach, 40 miles from Downtown Los Angeles, and 15 miles from Disneyland.

Map of Brea CA and Surrounding Cities

This north Orange County city was founded at the beginning of the 19th century, and was originally the site of two villages, Olinda, and Randolph. The name Brea, which is the Spanish word for tar, was implemented in the year of 1917, when the city was officially incorporated. At that time there were less than 1,000 residents. Today, there are nearly 41,000 residents living in the city of Brea, California.

According to the US Census Bureau, the city of Brea spans 12.08 square miles, and, as of 2010, there were 3,252 people per square mile.

Newsworthy Facts About Brea, California

When the area of Olinda and Randolph first became popular, it was due to its connection with the oil industry, and many would-be oil moguls came to the area searching for this "black gold". However, Brea, California was home to many public figures and athletes, including baseball legend, Walter Johnson, and well known director and producer, James Cameron.

The city of Brea was also chosen to house one of the first Carls Jr. fast food restaurants, and was 1 of only 2 locations in all of Orange County, when they were originally built.

Now, the city is known for its charm and great shopping. In fact, Brea was honorably named in Sunset Magazine, as one of the 5 best suburbs to live in the Western United States in 2006.

Brea Olinda Unified School District

The Brea Olinda Unified School District is one of the smaller school districts in North Orange County, however it has managed to achieve big accolades, with several of the schools receiving the National Blue Ribbon and California Distinguished School awards.

The Brea Olinda Unified School District (BOUSD) is popular with families looking for a place where their child can excel in school and sports, and benefit from an un-crowded atmosphere.

What Makes Brea, California Desirable?

Many factors play a part in the popularity of Brea, California. At the top of the list, are the rolling hills, scenic views, and mix of rural and urban setting.

While a good portion of Brea, California is surrounded by the natural backdrop of hillsides and Chino Hills state park, the city also has a beautiful indoor mall, great restaurants and a lively nightlife. One of the most popular areas is Downtown Brea, where you can find additional shopping, places to dine, and catch a movie or live comedy show. The Downtown Brea community also has a wide selection of single family homes, condos and lofts to choose from, and is desirable to anyone that enjoys living within walking distance of their favorite restaurants and stores.

Another attractive feature of Brea, California is the warm weather and sunshine throughout the majority of the year; While Brea is a short 20 minute drive to the beach, it's far enough inland that the mornings are not overcast and the humidity level is low.

Brea Real Estate And Housing

If you are looking to buy a home in Brea, California, you'll find a vast array of residential property types to choose from. Whether you're interested in homes with large lots, traditional homes with standard lot sizes, homes with hills, city lights or golf course views, or a condo or loft located in the heart of downtown, Brea has a home to suit your needs!

Unlike many other Southern California cities, Brea did not experience as steep of a drop in property value and wide spread foreclosures. This can be attributed to the desirability of the area, the lower level of active listings, and the fiscally conservative nature of the majority of homeowners in Brea.

Brea properties range from approximately $150,000 for condos and townhomes, to $3,000,000+ for luxury estates.

Check Out The Complete Brea CA Community Report

Check out the complete Brea, California Community Report, for more details about this wonderful city, including housing, occupation, income, and educational data and statistics. The full report also contains information about nearby parks, recreational facilities, colleges, transportation, hospitals, and more!

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