Brea Homes For Sale Inventory at an All Time Low!

By
Real Estate Agent with Preferred Home Brokers

Brea's housing inventory appears to be at an all time low when it comes to the number of single family homes for sale any given day during the month of August! Brea CA

When it comes to Brea real estate and homes for sale as a long-time local REALTOR and Broker myself, I've been watching the inventory come and go now for decades in the City of Brea.

Almost any day this month when I've checked the ACTIVE listings (as identified in our Multiple Listing Service) it's been anywhere from only 38 to 37 single family (detached) homes for sale in the entire city. Then checking today the inventory is down to only 30 (again single family detached homes) for sale!

The lowest I've personally viewed the past few decades was a total of 29 homes for sale, and taking in to account that was prior to the addition of 660 newer homes built later known as Olinda Ranch. So if you take that into consideration today      re-sale inventory has got to be at an all time low! 

  • Average asking price for a single family detached home in Brea is currently $647,400 for 4 bedrooms, 3 baths & 2,600 sq. ft.
  • Average closed sales price for a single family detached home in Brea for the past 30 days is $579,500 for 4 bedrooms, 3 baths ay 2,200 sq. feet.

So, it you're someone who's been sitting on the fence now for a while, it's time to jump in and geBrea Homes For SaleBrea Homes For Salet going. If you're looking buy a home in Brea, or almost anywhere in Southern California, contact me Lynda@PreferredHomeBrokers.com.

I'm the Broker and Owner of Preferred Home Brokers one of Brea's longest established real estate companies under the same ownership!

You can also reach me either text or direct, (714) 595-1494.

And check out and subscribe to my Southen Cal You Tube Videos here! 

--CA DRE Broker's License #00402040

 

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Ambassador
1,296,356
William Johnson
RE/MAX Associates - San Diego, CA
San Diego Real Estate Voice, GRI CRS e-Pro CDPE
Hi Lynda, I hear this a lot in so many markets. I think of it as being a good sign that Buyers are coming back and the inventory will yeild to a bit of price increase which will in turn encourage Sellers to come to the market. The early stages of any recovery is always a bit ackaward and not always in any kind of balance. But I take all this as encouraging signs that Southern California's real estate market is is coming back. Woo Hoo!
Aug 21, 2012 09:51 PM #1
Ambassador
1,848,580
Jeff Dowler CRS
Solutions Real Estate - Carlsbad, CA
Carlsbad CA Homes for Sale (760) 840-1360

Lynda

We are seeing the same in many areas here. In Carlsbad, for example, you have to go back to October of 2009 to find less inventory than we have now and have had for months, although that does not include new homes not listed in the MLS (but then 2009 did not either).

Jeff

Aug 21, 2012 10:37 PM #2
Ambassador
807,612
Kathy Schowe
California Lifestyle Realty - La Quinta, CA
La Quinta, California 760-333-8886

We are also really low on inventory... hope the fall season brings a bounty of new listings!  K

Aug 21, 2012 10:59 PM #3
Rainmaker
536,364
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hello William ~ I'd agree with your take on the overall market, it think it's happening in many places.

Hi Jeff ~ That's not suprising, especially with such a desirable area as Carlsbad. In our case this low inventory dates back to decades ago to find it this low.

Kathy ~ It will be interesting to see if it changes very much, we're pretty much a year round market vs. areas like your beautiful desert communities.

Aug 22, 2012 07:56 PM #4
Rainmaker
1,452,343
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lynda, inventory issues are affecting many markets across the Country.   I know some homeowners have contacted me and WANT to sell, but are still under water.

 

Sep 27, 2012 06:43 AM #5
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Rainmaker
536,364

Lynda Eisenmann

Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co
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