Brentwood 2nd Quarterly Update 2013

You might be asking and wondering what will the increase in interest rates and the wild ride on the stock market do to our market?  In checking with my experts the last few days, the vote seems to be out as to what major impact if any it all will have.  I personally think it will impact the “marginal” buyers, but that will be the extent of it, but obviously we will have to wait and see. So other than dealing with the “joys” of the construction projects on the 405, Sepulveda and Sunset which will last about another year (OUCH!) what is the difference in the real estate activity in the area of Brentwood from Brentwood Circle through Bundy this past quarter vs. the same period of time last year?  The lack of inventory that we are hearing about is also impacting Brentwood.  Currently there is only one home available for sale, vs. three last year. There are two homes in escrow currently vs. four last year, and we have seven homes in escrow, vs. 3 last year.  The amount of homes available for lease is the same, one as it the number of leases done, one.