Neighborhood News – Market Update: According to the MLS, a total of 14 homes sold in the Beverlywood and Adjacent area during the entire month of October 2011, compared to 10 last month and 7 in October 2010.
The single family homes that sold were on the market for an average of 62 days, compared to an average of 59 days last month, and sold for 96.73% of their asking price at an average of $438.28 per sq. ft.
Currently, there are 64 Single Family homes for sale, compared to 67 last month. These homes have been on the market for an average of 86 days. 34 Single Family homes are now in escrow confirming the strong demand for homes in the area.