Brea, California Real Estate Market Report

The Brea, California real estate market suffered a setback during the recession. The market is beginning to even out and will hopefully begin recovering soon. Be it single homes or condos, Brea real estate property prices evening out. The median market action index in October 2009 was 20.

As the graph above shows, the average price of a home for sale in Brea California was about $540,000 in October 2009. This shows a decrease in the price by about 1% from that recorded in September 2009 and a decrease of about 10% from October 2008.

As the graph above shows, the average number of days a house in Brea has been increasing over the past two years. In October 2009, a house was on the market for 155 days on average. This shows an increase of 3% when compared to the average days on market in September 2009 and an increase of 24% from October 2008.

As the graph above shows, the number of houses sold in Brea, California in October 2009 was 7.5 houses. The number of houses sold each month has had very little change since March 2009. In March 2009, the number of houses sold in Brea was 3 houses, which is the lowest it has been in two years. The largest number of houses sold in the last two years occurred in November and October 2009 when 26 houses were sold each month.

Brea, California Homes

Brea, California is a great place to purchase a home. It is nestled in the foothills in the northern area of Orange County. It is a beautiful area, which makes it an ideal place to purchase a home. According to the 2000 census, the population of Brea was 35,410. Brea is a great city to live in due to the work opportunities, the multitude of options for shopping, dining, and community entertainment. Brea is considered to be a calm, serene, and secluded place to live.

The real estate market in Brea, California has stabled out and is expected to begin rising again. The average home there sold for a price of about $465,000 in the month of October. This is a 6.9% increase from the month of September. Due to this, now is a great time to buy a home in Brea California. As the market continues to grow stronger, there is no better time than now to be a buyer.

If you are looking to invest in property in California then Brea is a great place to consider making purchasing a home.