Beverlywood Real Estate Market Update:
According to the MLS, a total of 17 homes sold in the Beverlywood and Adjacent area during the entire month of May 2012 compared to 14 last month and 17 one year ago.
The single family homes that sold were on the market for an average of 58 days, compared to an average of 39 days the month prior, and sold for 98.21% of their asking price at an average of $410.54 per sq. ft.
Currently, there are 43 Single Family homes for sale, compared to 43 last month and 59 last year. These homes have been on the market for an average of 45 days. The MLS says there are 48 Single Family homes in escrow.
There are more homes in escrow than there are for sale. There is less than a 3 month supply, low inventory!