Saturday, March 24, 2007

Brentwood Meltdowns

This thread is dedicated to posting actual losses on residential real estate in the area of Brentwood during the latest declining market. According to the LA Times on 3/18/07, February Sales Activity, measured Year Over Year, the Median SFR price declined 11.1% on a total of 17 Sales.

Here are the first Brentwood meltdowns :

12115 San Vicente Blvd., Brentwood, CA 90049
CONDO # 111 2+2 1248 sq ft, Sold 12/27/06 $627.5K ($502/sq ft)
CONDO # 106 2+2 1561 sq ft, Sold 2/20/07 $599K ($384/sq ft)
(-23.8%) In 3 months time...

11923 Darlington Ave., Brentwood, CA 90049
CONDO # 102 3+3 1653 sq ft, Sold 4/27/06 $1050K ($635/sq ft)
CONDO # 101 3+3 1585 sq ft, Sold 10/03/06 $850K ($536/sq ft)
(-15.6%) In 5 months time...

1253 Granville Ave., Brentwood, CA 90049
CONDO # 101 4+3 2258 sq ft, Sold 9/29/06 $1037K ($459/sq ft)
CONDO # 102 4+3 2263 sq ft, Sold 2/22/07 $900K ($397/sq ft)
(-13.6%) In 5 months time...

5 comments:

latesummer2008 said...

I guess people feel Brentwood will be immune to the eminent price declines this summer. I happen to think it will get hit greater than most areas, as it has appreciated more from the latest real estate boom.

latesummer2008 said...

Get ready for the TsunARMi. The start of many Adjustable Rate Mortgages resetting, begins in April. Coming to a neighborhodd near you....

latesummer2008 said...

Some condos have taken a hit so far, but houses have yet to tumble. However, there aren't many sales either. Is it a standoff? What do think eventually will happen in Brentwood?

latesummer2008 said...
This comment has been removed by the author.
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