Villages of Brentwood October/November 2011 Market Report
The sales in Villages of Brentwood more than doubled in October and November, compared to the number of homes sold in 2010. Only 2 homes sold in the two month period in 2010 and 5 homes closed in the same period this year.
The Days on the market dropped from 107 days to only 70.
The average sales price on the 2 homes sold in 2010 was $184,450. The average of those sold in 2011 was only $148,660. However the Average Sales Price per Square Foot on dropped from $89.32 to $87.31. This indicates that the homes that sold this year were considerably smaller than those of last year.
In the Villages of Brentwood, there are currently 6 homes actively for sale with an average asking price of $163,966. The average asking price/square foot is $104, a good bit higher than those sold. These homes have already been on the market for an average of 69 days.
Homes continue to sell in December and January, but only those priced correctly.