Brea 0815 Market Update
Content
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
2
7
+ 250.0%
70
80
+ 14.3%
Pending Sales
1
7
+ 600.0%
43
63
+ 46.5%
Closed Sales
4
7
+ 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.
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
2
7
+ 250.0%
70
80
+ 14.3%
Pending Sales
1
7
+ 600.0%
43
63
+ 46.5%
Closed Sales
4
7
+ 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.
