About Los Angeles' Brentwood

Bankers & Politicians need to get with it, Period! Will the Senate Approve the Bill to expedite Shorts Sales to 75 days or sooner?

The Answer to this question is not a simple Yes as common sense would dictate. Last year there were at the minimum of six bills related to short sales and none made it beyond committee level.

Last week Senator Lisa Murkowski,(R)-Alaska introduced a bill that the Short Sale request of a home owner must be replied to within 75 days. In other words approve, deny or request to extend the response period up to an additional 21 days. The catch is if the lender or servicer fails to respond the homeowners would receive $1,000 each time. This bill is supported by the National Association of Realtors (NAR). Why would NA R support a bill like this? Flawed as it may be, such as the time line is still ridiculously long and the fine is too small for starters. The answer is clear: Any bill that would shorten the time line and improve the process is worth supporting.

Senators Scott Brown, R-Massachusetts & Sherrod Brown, D-Ohio co-sponsored the bill and referred it to the Senate Banking Committee. Now we need to rally and let ever politician know that this Bill should not die a Slow Death in the Committee. The politicians need to understand that here is an opportunity for them to improve on a long drawn out process, which leaves both sellers and buyer in limbo for an extremely long and unnecessary time. Quite frankly I liked one of the bills that failed to pass in the House of Representatives last year, the one that had words to the effect of if the lender does not respond within 45 days the short sale would be considered approved.

As I said in my headline: Bankers & Politicians need to get with it, Period! Why do I say that? Simple, it should not be necessary for a Congressional & Senate Bill to get the message thru to the lenders. How about some initiative from the Lenders, just do some soul searching and figure a way out of streamlining, improving and shortening of the response time. Where am I going wrong please let me know if you are for or against this thought process of mine.

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me call at310.486.1002 begin_of_the_skype_highlighting 310.486.1002end_of_the_skype_highlighting or email me athomes@endrebarath.comor visit one of my websites athttp://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

Brentwood single family homes under $1 Million

Sold: 2 / +2 over same period last year
Median Price: $792,500
Active 7:
Absorption rate*: 3.5 months

Brentwood condos under $1 Million

Sold: 8 / -1 over same period last year
Median Price: $484,000 / -13.42% over same period last year
Active: 47
Absorption rate*: 6.02 months

Brentwood single family homes $1 to $2 Million

Sold: 6 / +2 over same period last year
Median Price: $1,450,250 / +5.28% over same period last year
Active: 44
Absorption Rate*: 6.15 months

Brentwood Condos $1 to $2 Million

Sold: 0 / -1 over same period last year
Active: 9
Absorption Rate*: 10.84 months

Brentwood single family homes $2 to $5 Million

Sold; 2 / -1 over same period last year
Median Price: $2,312,500 / – 26.64% over same period last year
Active: 30
Absorption Rate*: 6 months

Brentwood single family homes over $5 Million

Sold: 1 / +1 over same period last year
Price: $6,650,000
Active: 13
Absorption Rate*: 26 months

*Absorption rate is the number of months it will take to sell the existing inventory. 6 months is a balanced market, over six months a buyers’ market and under six months a sellers’ market. The absorption rates above are based on the last six months sales.

With the exception of condos over $1M and single family homes over $5M the Brentwood L.A. housing market favors sellers. The high end luxury market, as in most areas, is the one that is suffering.

Previous Brentwood Los Angeles market reports

Brentwood Los Angeles Real Estate Market Report 2011

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/brentwood-los-angeles-housing-market-report-january-201.html#ixzz1mTqsq2y6

Let’s take a look at how the Brentwood Los Angeles real estate market did in 2011.

I have split the 2011 Brentwood real estate market report into four sections, single family by price breakdown and condos. I have also shown relevant percentage comparisons with the 2010 statistics.

What is Market Absorption?

Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.

6 months worth of inventory is a balanced market. Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.

So how did Brentwood do?

The under $2M single family housing market in the Brentwood area of Los Angeles is fairly steady and reflects a sellers’ market. The median price inched up over the same period in 2010.

Brentwood homes for sale from $2 to $5M still remain in a sellers’ market primarily because inventory remains fairly low. The median price has dropped almost 30% over the same period in 2010
.

The Brentwood Los Angeles luxury housing market saw a huge drop in both sales and median price, especially over the last three months when compared to the same period last year. With 17 homes on the market and only one sale in 3 months, buyers should be out in force in Brentwood.

The Brentwood condo market is definitely a sellers’ market and doing well. The median price is down somewhat over the same last 3-month period last year but overall, Brentwood condo sellers should consider putting their homes on the market.

Previous Market Reports

Brentwood Real Estate Market Report, November 2011
Buying a Brentwood Home How did the Market Do?
Brentwood Los Angeles Luxury Real Estate Market

Showing properties 1 - 15 of 199. See more Brentwood Homes for Sale.
(all data current as of 1/10/2012)

1. $2,399,000 : 12223 DARLINGTON AVE, Los Angeles
   
   5 beds, 4 full, 1 part baths

   Home size: 4,314 sq ft

   Lot size: 6,000 sq ft

   Year built: 2007

   Days on market: 1
2. $915,000 : 11847 Gorham, Los Angeles
   
   2 beds, 2.5 baths

   Home size: 1,461 sq ft

   Year built: 2002

   Parking spots: 2

   Days on market: 1
3. $1,200,000 : 11349 BOLAS ST, Los Angeles
   
   4 beds, 3.0 baths

   Home size: 2,219 sq ft

   Lot size: 5,250 sq ft

   Year built: 1938

   Parking spots: 2

   Days on market: 1
4. $1,350,000 : 1426 BECKWITH AVE, Los Angeles
   
   3 beds, 2 full baths

   Home size: 2,342 sq ft

   Lot size: 8,549 sq ft

   Year built: 1954

   Days on market: 1
5. $530,000 : 171 N CHURCH LN, Los Angeles
   
   2 beds, 2.0 baths

   Home size: 1,228 sq ft

   Year built: 1996

   Parking spots: 2

   Days on market: 2
6. $1,450,000 : 11471 W Sunset BLVD, Los Angeles
   
   3 beds, 3 full, 2 part baths

   Home size: 3,627 sq ft

   Lot size: 17,359 sq ft

   Year built: 1979

   Parking spots: 4

   Days on market: 2
7. $739,000 : 11811 Kiowa, Los Angeles
   
   3 beds, 3.0 baths

   Home size: 1,587 sq ft

   Year built: 2012

   Parking spots: 2

   Days on market: 2
8. $1,795,000 : MLS # 12574253 in Los Angeles
   
   4 beds, 4.0 baths

   Home size: 2,981 sq ft

   Lot size: 1.53 ac

   Year built: 1977

   Days on market: 2
9. $2,095,000 : 708 MORENO AVE, Los Angeles
   
   2 beds, 2.0 baths

   Home size: 1,474 sq ft

   Lot size: 9,000 sq ft

   Days on market: 2
10. $3,295,000 : 160 ASHDALE PL, Los Angeles
    
    3 beds, 3.5 baths

    Home size: 4,200 sq ft

    Lot size: 29,982 sq ft

    Year built: 2003

    Parking spots: 2

    Days on market: 2
11. $699,000 : 1120 GRANVILLE AVE, Los Angeles
    
    2 beds, 3.0 baths

    Home size: 1,886 sq ft

    Year built: 1981

    Days on market: 2
12. $8,750,000 : 12739 MARLBORO ST, Los Angeles
    
    7 beds, 8.0 baths

    Home size: 10,000 sq ft

    Lot size: 19,950 sq ft

    Year built: 2002

    Days on market: 2
13. $949,000 : 11855 GOSHEN AVE, Los Angeles
    
    2 beds, 3 full baths

    Home size: 1,769 sq ft

    Year built: 1990

    Parking spots: 3

    Days on market: 5
14. $649,000 : 390 S SEPULVEDA, Los Angeles
    
    2 beds, 2.0 baths

    Home size: 1,507 sq ft

    Year built: 1990

    Days on market: 6
15. $499,000 : 330 S BARRINGTON AVE, Los Angeles
    
    3 beds, 2.0 baths

    Home size: 1,124 sq ft

    Year built: 1963

    Parking spots: 2

    Days on market: 6

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/brentwood-los-angeles-real-estate-market-report-2011.html#ixzz1j7Jkz5Lt

Brentwood is a wealthy community at the foot of the Santa Monica Mountains. Stroll along trendy San Vicente Blvd. with its fine dining, boutique shopping and frequent art fairs and farmers’ market.

Brentwood borders the east end of Santa Monica and the west end of Westwood. With approximately 42,000 residents, Brentwood, 90049, has many diverse areas. San Vicente Blvd. is the main walking street with shops and upscale restaurants. This area is densely populated with many apartment and condominium complexes with a mix of students, professionals and families.

Brentwood borders Santa Monica on the East and is at the foot of the the Santa Monica Mountains. It is one of the most upscale areas of Los Angeles with a mix of high-end mansions to the north and Brentwood single-family homes for sale, Brentwood condos for sale and apartment buildings to the south.

San Vicente Boulevard and Sunset Boulevard are the main thoroughfares through the city, San Vicente being the area’s main walk street with high-end boutiques, and restaurants. It is also a popular destination for joggers along the grassy center median planted with coral trees. North of Sunset the area is defined by the hills and canyons of the Santa

Brentwood Schools

Brentwood has a very good school district and is a desirable area for young families.

Useful Links

• Brentwood Homeowners Association
• Los Angeles Unified School District
• School Finder
• School Report Card

Map of Brentwood

View Map of Brentwood Los Angeles in a larger map

Other Los Angeles Communities

Atwater Village	Hancock Park	Playa Vista
Bel Air	Hollywood	Rancho Park
Beverly Hills	Hollywood Hills East	Santa Monica
Beverly Center Miracle Mile	Hollywood Hills West	Silver Lake
Beverly Hills Post Office	Holmby Hills	Studio City
Beverlywood	Los Angeles	Sunset Strip
Carthay	Los Feliz	Venice
Century City	Malibu	West Hollywood
Cheviot Hills	Marina del Rey	West Los Angeles
Culver City	Pacific Palisades	Westchester
Downtown Los Angeles	Palms/Mar Vista	Westwood
Echo Park	Playa del Rey	Wilshire Corridor

Let's see how the Brentwood real estate market is doing. There are actually two Brentwoods in California. I of course am referring to the community in Los Angeles.

I always struggle with what information to include in these reports.

Average price vs. median price: Average prices can affect what is really going on if there is one extremely high-priced sale. So I use the median price.

Average days on the market: One house staying on the market for a long time, possibly because it is overpriced, can also skew the equation. However, the MLS only provides average days on the market as stats.

Price per square foot: this really is somewhat meaningless in the Los Angeles real estate market since there are so many variables that can affect this figure.

Probably the most important part of these reports is the absorption rate - how much inventory their is compared with the number of homes sold. Six months worth of inventory is a balanced market. Anything below that is a sellers' market,and above, a buyers'market.

So let's see how the Brentwood real estate market is doing based on sales over the past year.

Brentwood single family homes: Brentwood single family homes are teetering on the edge of a buyers' market, but with 34 pending sales this could swing it over into a sellers' market. We will have to see. The median prices is down somewhat, days on the market steady and sales price vs list price quite healthy.

Brentwood condo market: the condo market is fairly balanced. The absorption rate is under 6 months with the exception of the last month's figures, but there are 30 pending sales which is a pretty healthy number and should bring the inventory way down. The median price is down a little and the price sold vs price listed, but not by much. Days on the market are down.

So overall, Brentwood is going along nicely.

Previous Brentwood Real Estate Market Reports

Buying a Brentwood Home, How did the Market Do?

Buying or Selling a Brentwood Los Angeles Home. What's the Market Doing?

Brentwood Los Angeles Luxury Real Estate Market

Brentwood Los Angeles Real Estate Market. Home Sales Under $2 Million

Brentwood Los Angeles Housing Market Report - June 2010

Other Los Angeles Neighborhoods

Atwater Village	Hollywood	Playa Vista
Bel Air	Hollywood Hills East	Rancho Park
Beverly Center – Miracle Mile	Hollywood Hills West	Santa Monica
Beverly Hills Post Office	Holmby Hills	Silver Lake
Beverlywood	Los Angeles	Studio City
Carthay	Los Feliz	Sunset Strip
Century City	Malibu	Venice
Cheviot Hills	Marina del Rey	West Hollywood
Culver City	Mar Vista	West Los Angeles
Downtown Los Angeles	Pacific Palisades	Westchester
Echo Park	Palms	Westwood
Hancock Park	Playa del Rey	Wilshire Corridor