The Real Deal Los Angeles

Submarket Snapshot: Single-family homes in Brentwood

Sales volume decreased by 25 percent
By Hannah Miet | March 07, 2016 05:40PM

534 Crestline Drive in Brentwood

A property listed at 534 Crestline Drive in Brentwood (credit: the Agency)

There were 52 homes sold in Brentwood in the fourth quarter of 2015, a 25 percent drop from the 69 sold in the same period a year earlier, according to a report by the Agency.

The average sales price was $4.7 million, up 3 percent from the year-ago period. 

The median home price was $2.8 million, up 16 percent from the fourth quarter of 2014.

The average price per square foot also increased, by 18 percent, to $1,132.

Properties sat on the market for longer in the fourth quarter than they did a year ago. They waited an average of 90 days, a 16 percent increase.