Brea home market quickens in late June

Real estate for sale in Brea looks brighter by one set of statistics.

Every two weeks, Orange County broker Steve Thomas publishes a report on the supply of local homes for sale. Here’s what the latest report — as of June 23 — has to say about Brea …


  • 91 residences listed in brokers’ MLS system with 41 new deals opening in the past 30 days.
  • By Thomas’s math, this community has a “market time” (months in would take to sell all inventory at current pace of new escrows) of 2.22 months vs. 2.88 months found two weeks earlier vs. 2.80 months seen a year earlier. Countywide, latest market time was 3.72 months vs. 3.37 months a year ago.
  • Of the homes listed for sale in this community, 35 were either foreclosures being resold or short sales, where sellers owe more than the home’s value. So distressed properties were 38.5% of supply of homes for sale vs. 33.5% countywide.
  • Homes for sale in Brea represent 0.8% of Orange County inventory — and 0.9% of all the distressed homes listed for sale in Orange County. New escrows here are 1.3% of all Orange County’s new pending sales.

Compare these trends to countywide patterns:

  • Cities with highest level of distressed properties among their listings? Anaheim was tops — 60.1% — followed by Rancho Santa Marg. at 59.6% of listings and La Habra at 58.8% of listings.
  • Fewest? Seal Beach was tops — 5.2% — followed by Corona Del Mar at 5.7% of listings and Laguna Woods at 6.7% of listings.
  • For more real estate news, CLICK HERE! For ZIP-by-ZIP homebuying trends, CLICK HERE! And for the latest housing foibles of Real Housewives of Orange County cast, CLICK HERE!


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