Beverlywood Real Estate Market Update – March 2012

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Beverlywood Real Estate Market Update – March 2012

According to the MLS, a total of 18 homes sold in the Beverlywood and Adjacent area during the entire month of March 2012 compared to 14 last month and only 2 one year ago. The single family homes that sold were on the market for an average of 74 days, compared to an average of 66 days the month prior, and sold for 97.54% of their asking price at an average of $424.22 per sq. ft. Currently, there are only 37 Single Family homes for sale, compared to 45 last month and 65 last year. These homes have been on the market for an average of 82 days.

The MLS says there are currently 35 Single Family homes in escrow, about as many as are for sale. Low Inventory and strong demand is the trend.

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