According to the MLS, a total of 8 homes sold in the Beverlywood and Adjacent area during the entire month of December 2011, compared to 14 last month and 12 one year ago in December 2010. The single family homes that sold were on the market for an average of 61 days, compared to an average of 52 days the month prior, and sold for 95.20% of their asking price at an average of $437.04 per sq. ft. Currently, there are 45 Single Family homes for sale, compared to 54 last month and 64 two months ago. These homes have been on the market for an average of 113 days. 35 Single Family homes are now in escrow.
Comparing Beverlywood Area Sales 2011 versus 2010 and 2006
|Total # of sales||147||136||197|
|$ Per Sq. Ft.||444.53||444.20||553.08|
|% of asking||96.43%||97.37%||99.67%|
|Days on Mkt.||56||49||42|
Comment: Not much change occurred between 2010 and 2011 in the Beverlywood and Adjacent area, but if we look back 5 years ago there were 20% more homes sold and prices were about 20% higher.
Source: Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed.