Posted by: ilovethewestside | May 21, 2008

Brentwood Luxury Home Stats, 1st Qtr 2008

Here you have Brentwood’s first quarter sales stats for 2008. Click on the graph in order to enlarge the image.

For research purposes my upper limit was $11,000,000. However, their were several sales and listings between $11,000,000 and $17,000,000. If you would like more information on these sales; I’d be delighted to discuss the details with you.

Similar to Santa Monica’s first quarter, their is healthy activity in the two and three million dollar range. The only instance where sold met current listings was a the $7,000,000 range. In all other cases, their was an excess of inventory.

Now, don’t get all doom and gloom on this. 72.7% of inventory sold in the first quarter. That is a very good indication that the luxury market is healthy. Luxury buyers and sellers know that this is a great time to buy & are taking advantage of historically low interest rates.

Want you LA luxury market stats? Just let me know, I’d be happy to do a report for your area.

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