Looking back 10 years

“Hindsight is 20-20,” or so they say.

I took a look back at the last 10 years of real estate sales in Brea, California, and so much has changed! So many of us have gotten used to the post-Covid market, and it’s difficult to remember how things used to be. So let’s take a look back at:

Average Days on Market

The average days on market in Brea has gone down over the last 10 years, and appears to be heading downward to less than 20 days on market in 2024.

For documented SFR sales records in CRMLS. No condos. Data may not be statistically significant and are for informational purposes only.

Number of Active Listings

The number of houses for sale at any one time has also gradually gone down. Although we see seasonal summer upticks, the overall trend has been downwards. The last year (2023) saw a very weak seasonal uptick, and we can perhaps expect the same trend this year if home inventories remain low.

For documented SFR sales records in CRMLS. No condos. Data may not be statistically significant and are for informational purposes only.

Average Sale Price

In January 2015, the average sale price of a home in Brea was $719,160. In May 2024, the average sale price of a home in Brea is $1,102,727. That’s a difference of $383,567 or a 53% appreciation over a ten-year time period. Need we say more?

For documented SFR sales records in CRMLS. No condos. Data may not be statistically significant and are for informational purposes only.

Looking back, it seems like the best time to buy was back in 2015. And there’s some truth to that. But, it also looks like now is a great time to sell - home prices have never been higher! Time will tell how long that lasts.