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MARKET ACTION REPORT

October 2010 Agent Name

MLS Area: Brentwood

Title Phone Website Other

Price Range: All | Properties: Single Family

Trending versus*:

Market Profile & Trends Overview

Month

LM

L3M PYM

Trending versus*:

$2,495,000 $4,169,467 $1,752,500 $1,713,750 150 8 50 $988 $662 18.8 93.1%

Median List Price of all Current Listings Average List Price of all Current Listings October Median Sales Price October Average Sales Price Total Properties Currently for Sale (Inventory) October Number of Properties Sold October Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) October Sold Price per Square Foot October Month's Supply of Inventory October Sale Price vs List Price Ratio

YTD

LY

Prior YTD

Prior Year

$1,725,000 $2,218,112 179 76 $775 $703 8.7 94.5%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold

3 Mo Avg

29

20

20

8

17

15

14 15

20

21

26 15

16

21 15 13

17

5

10 10 8 10 9 8 8 11

10

9 10 12

15

21

22

20

26

27

25

29

30

17 18

October Property sales were 8, down 46.7% from 15 in October of 2009 and 60.0% lower than the 20 sales last month. October 2010 sales were at their lowest level compared to October of 2009 and 2008. October YTD sales of 179 are running 11.9% ahead of last year's year-to-date sales of 160.

11

Property Sales

35

0 N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 07 08 09 10

Prices The Median Sales Price in October was $1,752,500, down 16.3% from $2,095,000 in October of 2009 and down 42.4% from $3,044,000 last month. The Average Sales Price in October was $1,713,750, down 42.5% from $2,978,073 in October of 2009 and down 41.9% from $2,951,031 last month. October 2010 ASP was at the lowest level compared to October of 2009 and 2008.

(000's)

Median Sales Price and Average Sales Price Median means Middle (the same # of properties sold above and below the Median)

3 Mo Avg

3,800 3,300 2,800 2,300 1,800 1,300 N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 07 08 09 10

Total Inventory & Month's Supply of Inventory (MSI)

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2010 MSI of 18.8 months was at a mid level compared with October of 2009 and 2008.

200 180 160 140 120 100 80 60 40 20 0

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace 102 78 86 95 109 117 123 135 132 129 143 156 152 135 160 171 169 180 169 165 157 146 155 144 132 108 113 125 125 140 154 151 153 139 158 150

Inventory & MSI The Total Inventory of Properties available for sale as of October was 150, down 5.1% from 158 last month and up 4.2% from 144 in October of last year. October 2010 Inventory was at a mid level compared with October of 2009 and 2008.

25 20 15 10 5 0

N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 07 08 09 10

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family

Data is provided courtesy of SoCal MLS Inc, Sandicor Inc, Combined L.A. Westside Multiple Listing Service, California Desert Association of Realtors, Southland Regional Association of Realtors and Newport Beach Association of Realtors, Santa Barbara M the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.


MARKET ACTION REPORT

October 2010 Agent Name

MLS Area: Brentwood

Title Phone Website Other

Price Range: All | Properties: Single Family

Days On Market for Sold Properties

Market Time The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for October was 50, down 34.2% from 76 days last month and down 62.7% from 134 days in October of last year. The October 2010 DOM was at its lowest level compared with October of 2009 and 2008.

Average Days on Market (Listing to Contract) for properties sold during the month

200 180 160 140 120 100 80 60 40 20 0

142

3 Mo Avg

134

50

N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 07 08 09 10

Selling Price per Square Foot

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The October 2010 Selling Price per Square Foot of $662 was down 10.5% from $740 last month and down 10.0% from 736 in October of last year.

1,050 1,000 950 900 850 800 750 700 650 600

Average Selling Price per Square Foot for properties that sold during the month

712

3 Mo Avg

736 662

N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 07 08 09 10

Selling Price versus Listing Price Ratio 105%

Avg Selling Price divided by Avg Listing Price for sold properties during the month

3 Mo Avg

Selling Price vs Original Listing Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The October 2010 Selling Price vs Original List Price of 93.1% was down from 95.1% last month and down from 94.5% in October of last year.

100% 94.5% 95%

93.1% 91.7%

90%

85% N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 07 08 09 10

Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in October 2010 was 28, down 41.7% from 48 last month and down 20.0% from 35 in October of last year.

200 180 160 140 120 100 80 60 40 20 0

Inventory

New Listings

Sales

102 78 86 95 109 117 123 135 132 129 143 156 152 135 160 171 169 180 169 165 157 146 155 144 132 108 113 125 125 140 154 151 153 139 158 150

Inventory / New Listings / Sales

N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O 07 08 09 10

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family Data is provided courtesy of SoCal MLS Inc, Sandicor Inc, Combined L.A. Westside Multiple Listing Service, California Desert Association of Realtors, Southland Regional Association of Realtors and Newport Beach Association of Realtors, the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.


Inventory / Listings / Sales

October 2010 Agent Name

MLS Area: Brentwood

Title Phone Website Other

Price Range: All | Properties: Single Family

Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in October 2010 was 28, down 41.7% from 48 last month and down 20.0% from 35 in October of last year.

125

125 36

N 07

D

J 08

M

A

M

J

J

A

O

N

J 09

F

M

A

M

J

J

A

S

O

N

J 10

M

150

158 139

153

28

48 8

20

42 20 23 17

31 29

A

20

15

15

F

21

34

D

14

26 12

29

15 21

35

42 26

34 16

37 21

13

15

11

8

27

D

8

10 14 9

8

10

S

38

39

51

53 44 28

39

21 10

12

10

22

F

17

31

30 9

18

11 7 17

29

30

38

40

42

54

61

60

0

151

113 34

108

132

140

144

155

146

157

165

169

180

169

160

40

129 31

171

132 34

135

135 35

123

117

86 78

80

20

Sales

95

102

100

109

120

143

140

152

156

160

40

180

New Listings

154

Inventory

200

M

J

J

A

S

O

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family Data is provided courtesy of SoCal MLS Inc, Sandicor Inc, Combined L.A. Westside Multiple Listing Service, California Desert Association of Realtors, Southland Regional Association of Realtors and Newport Beach Association of Realtors, Santa Barbara the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

Brentwood Market Single Family Report - October 2010  

Brentwood Market Single Family Report - October 2010

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