What is happening in Brentwood Circle? As you know they are still working on the 405, so that impact will continue for a while. Has it impacted real estate values directly, I personally think it is a combination of the overall economy (mostly), and the construction (somewhat). With the construction work still going on, and the heat up in the market, it is easier to see where they issues have been. As far as real estate comparisons between this past quarter and the same one last year, for your part of Brentwood, there is currently one home on the market, vs. 3 last year, 2 in escrow currently vs. 1 last year, and one closed escrow this year (a short sale) vs. 2 last year. There were 2 homes leased each year.
I also want to thank all of you again for your support in reelecting me to the Master Board of Directors for the community. I have very much enjoyed serving our great community and look forward to doing so for the next two years. Please let me know if there are any issues that you like for us to look at. Also, please do let me know how I might assist you with any real estate needs you have.
Happy New Year… here’s to a Healthy, Happy one!!!