Page 2 - Q3 Brentwood Market Update 2020

What is Happening in Today’s Market

Hello everyone. I hope this finds you and yours well. It’s hard to believe we are in the last quarter of 2020, but here we are. As always, we
have reflected upon the numbers from Q3 2020 as compared to Q3 2019, and the numbers are quite interesting. Despite what you may have
thought, more homes sold in Q3 2020 than in 2019. In fact, a whopping 33 1/3% more homes sold. This emphasized what a great time it is to
sell, as buyers are still very much ready to buy with low mortgage interest rates. The average and median sales prices were down from those
of last year. But one home was an exception to that rule and stood out in particular, 245 Saltair, The Golden Girls house, which sold for over
$1,000,000 more than the list price. Despite this whirlwind of a year, real estate has been exceptionally busy. Please don’t hesitate to reach
out to discuss market conditions and what they may mean for your next move.
- Brian Selem
WHATSMYHOMEWORTH-LOSANGELES.COM

ADDRESS SOLD HIGHEST DOM HIGHEST SALE VALUE OVER LP

11313 Homedale 170 245 N. Saltair Avenue
375 Fordyce Road $25,800,000 The Golden Girls House
333 Crown Drive $21,500,000 Listed for $2,999,000
12834 Highwood Street $15,000,000 Sold for $4,000,260
12727 Highwood Street $13,503,750
215 N Saltair Avenue $13,100,000
Based on sales for the 3rd quarter of 2020 in the 90049 zip code

DOWN 7.1% DOWN 7.6% UP 1.86%

$4,964,936 $4,612,515 $3,317,500 $3,064,933 $1,109 $1,129.63

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