Page 2 - Q2 Brentwood

What is Happening in Today’s Market

Hi everyone, I hope you are all staying safe and well. This year has been a very different year in many ways, real estate included. I think you will find the numbers
in the Q2 Report particularly interesting. Many people predicted a real estate market crash similar to 2008, but these are very different times. As the statistics
show, the median sales price increased by 5%. The report also shows the number of homes sold went from 82 in Q2 2019 to 39 in Q2 2020, partially driven by the
limited number of homes available for sale. With mortgage interest rates at historical lows, the market is flooded with buyers who are finding it quite competitive
with this limited inventory, which is driving up sales prices and giving sellers a lot more choice and freedom in the process. If you are thinking of selling your
home this year, please give me a call or email me. We have adjusted to this new way of life with virtual tours, open houses, zoom consultations, etc. I would be
happy to discuss further and elaborate on what market conditions could mean for you.
- Brian Selem
WHATSMYHOMEWORTH-LOSANGELES.COM

ADDRESS SOLD HIGHEST SP OVER LP LP SP

147 S. Grenta Green Way $2,999,999 $3,100,000
12255 Sky Lane $23,500,000
555 N. Tigertail Road $16,500,000
421 N. Saltair Avenue $15,165,000
12855 Parkyns Street $12,550,000
1870 Mango Way $10,715,000
Based on sales for the 2nd quarter of 2020 in 90049 zip code

DOWN 4.66% UP 5.25% UP 0.25%

$5,255,997 $5,011,195 $3,088,000 $3,250,000 $1160.26 $1163.11

2019 2020 2019 2020 2019 2020

AVERAGE SALES PRICE MEDIAN SALES PRICE AVERAGE PRICE PER SQ. FT.

BRIAN SELEM I The Selem Team I Brian.Selem@TheAgencyRE.com I 424.303.4545 I LIC. #01056044