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    Brea 0815 Market Update

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    Jesse Noh
    The document summarizes real estate market trends in Brea, California for August 2015. It shows that while new listings, pending sales, and closed sales decreased for single-family homes compared to the previous year, median and average sales prices and percent of original list price received increased. Inventory of homes for sale also decreased substantially. For townhouse-condos, new listings, pending sales, closed sales, median and average sales prices all increased while days on market until sale and inventory increased. Rolling 12-month calculations of median sales price are also shown.

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    Brea 0815 Market Update

    Uploaded by

    Jesse Noh
    8 views1 page
    The document summarizes real estate market trends in Brea, California for August 2015. It shows that while new listings, pending sales, and closed sales decreased for single-family homes compared to the previous year, median and average sales prices and percent of original list price received increased. Inventory of homes for sale also decreased substantially. For townhouse-condos, new listings, pending sales, closed sales, median and average sales prices all increased while days on market until sale and inventory increased. Rolling 12-month calculations of median sales price are also shown.

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    Brea 0815 Market Update

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    The document summarizes real estate market trends in Brea, California for August 2015. It shows that while new listings, pending sales, and closed sales decreased for single-family homes compared to the previous year, median and average sales prices and percent of original list price received increased. Inventory of homes for sale also decreased substantially. For townhouse-condos, new listings, pending sales, closed sales, median and average sales prices all increased while days on market until sale and inventory increased. Rolling 12-month calculations of median sales price are also shown.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    8 views1 page

    Brea 0815 Market Update

    Uploaded by

    Jesse Noh
    The document summarizes real estate market trends in Brea, California for August 2015. It shows that while new listings, pending sales, and closed sales decreased for single-family homes compared to the previous year, median and average sales prices and percent of original list price received increased. Inventory of homes for sale also decreased substantially. For townhouse-condos, new listings, pending sales, closed sales, median and average sales prices all increased while days on market until sale and inventory increased. Rolling 12-month calculations of median sales price are also shown.

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    © All Rights Reserved
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    of 1

    Local Market Update for August 2015

    A Research Tool Provided by the Pacific West Association of REALTORS

    Brea
    Orange County
    August

    Single Family

    Last 12 Months

    Key Metrics

    2014

    2015

    Percent Change

    New Listings

    49

    42

    - 14.3%

    482

    498

    + 3.3%

    Pending Sales

    36

    30

    - 16.7%

    329

    393

    + 19.5%

    Closed Sales

    43

    32

    - 25.6%

    321

    401

    + 24.9%

    Days on Market Until Sale

    54

    52

    - 3.7%

    55

    63

    + 14.5%

    Median Sales Price*

    $615,000

    $677,500

    + 10.2%

    $620,000

    $650,000

    + 4.8%

    Average Sales Price*

    $630,144

    $790,734

    + 25.5%

    $638,658

    $700,211

    + 9.6%

    96.6%

    97.8%

    + 1.2%

    97.3%

    96.9%

    - 0.4%

    Percent of Original List Price Received*

    Thru 8-2014

    Thru 8-2015

    Percent Change

    Inventory of Homes for Sale

    122

    76

    - 37.7%

    --

    --

    --

    Months Supply of Inventory

    4.4

    2.3

    - 47.7%

    --

    --

    --

    * Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

    August

    Townhouse-Condo

    Last 12 Months

    Key Metrics

    2014

    2015

    Percent Change

    Thru 8-2014

    Thru 8-2015

    Percent Change

    New Listings

    + 250.0%

    70

    80

    + 14.3%

    Pending Sales

    + 600.0%

    43

    63

    + 46.5%

    Closed Sales

    + 75.0%

    45

    55

    + 22.2%

    Days on Market Until Sale

    33

    66

    + 100.0%

    54

    54

    0.0%

    Median Sales Price*

    $307,500

    $410,000

    + 33.3%

    $405,000

    $442,000

    + 9.1%

    Average Sales Price*

    $297,500

    $426,857

    + 43.5%

    $400,262

    $441,084

    + 10.2%

    94.0%

    99.3%

    + 5.6%

    97.6%

    98.4%

    + 0.8%

    Inventory of Homes for Sale

    10

    15

    + 50.0%

    --

    --

    --

    Months Supply of Inventory

    2.8

    2.9

    + 3.6%

    --

    --

    --

    Percent of Original List Price Received*

    * Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

    Median Sales Price Single Family


    Rolling 12-Month Calculation

    Median Sales Price Townhouse-Condo


    Rolling 12-Month Calculation
    All PWR Areas
    Brea

    All PWR Areas


    Brea

    $700,000

    $450,000

    $600,000

    $400,000

    $500,000

    $350,000

    $400,000

    $300,000

    $300,000

    $250,000

    $200,000
    1-2010

    1-2011

    1-2012

    1-2013

    1-2014

    1-2015

    $200,000
    1-2010

    1-2011

    1-2012

    1-2013

    1-2014

    1-2015

    Current as of September 5, 2015. All data comes from CRMLS. Powered by 10K Research & Marketing. Percent changes are calculated using rounded figures.

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