Market Update October 2012 Beverlywood Real Estate Sales

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According to the MLS, a total of 32 homes sold in the Beverlywood and Adjacent area during the entire month of October 2012 compared to 16 last month and 14 one year ago. The single family homes that sold were on the market for an average of 46 days, compared to an average of 54 days the month prior, and sold for 102.45% of their asking price at an average of $416.58 per sq. ft. Currently, there are 32 Single Family homes for sale, compared to 35 last month and 64 this time last year. The For Sale homes have been on the market for an average of 72 days at a median price of $789,000. The MLS shows there are now 39 Single Family homes in escrow making 6 of 7 months with more in escrow than on the market for sale. It’s also the first month this year where homes sold for over 100% of asking price
on average, confirming strong demand and low inventory.

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