Condo Foreclosures in Brea, CA 92823

Current Market Conditions in Brea, CA

The BreA real estate market remains competitive, with a steady demand for residential properties. Homeownership is high, and the area continues to attract families looking for quality schools and community amenities. Recent trends show a preference for single-family homes with modern upgrades and outdoor spaces, reflective of the current remote work movement and lifestyle changes.

As of late 2023, BreA's housing market has shown signs of stability amid increased interest rates. While prices have slightly moderated, they have remained above the national average due to the area's desirability and limited housing inventory. Developers are also looking to expand housing options to meet growing demand.

Rent Prices In Brea, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Brea, CA, is on a rollercoaster ride. The average rent price in Brea, CA, is $2,689.00. Indeed, when looking to rent in Brea, CA, you can expect to pay as little as $1,200.00 or as much as $5,810.00, with the average rent median estimated to be $2,680.00. The good news is that finding an affordable and desirable property to rent in Brea, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.