July 2013 Brea CA Real Estate Market Report
By Momentum Realty, Orange County CA Real Estate Agent
(North Orange County CA Real Estate Specialists)
REAL ESTATE LISTINGS UP BUT STILL VERY LOW INVENTORY IN BREA CA Brea, California real estate listings reached their highest level since May of last year, with a 19.5% month over month increase, and a jump of 30.9% year over year. It's important to note, however, that the number of homes for sale in Brea is still well below what is seen in a balanced market. At this point, there are still more buyers than sellers, which continues to cause bidding wars and upward movement in prices. In addition, distressed sales have decreased dramatically, leaving few bargains in the city of Brea. As expected, pending real estate sales fell in Brea, California between June and July 2013, and as compared to July of the previous year. Sans a substantial increase in the Brea real estate inventory, further d...
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