Here is the Beverlywood Single Family Home Market Update as of the beginning of August 2014.
According to the MLS, a total of 24 homes have new owners in the Beverlywood and Adjacent area during the entire month of July 2014 compared to 15 last month and 18 in July 2013. The single family homes that sold took an average of 63 days, compared to an average of 49 days the month prior, and sold for 99.62% of their asking price at an average of $537.12 per sq. ft. Currently, there are 46 Single Family homes for sale, compared to 41 last month, and 30 this time last year and 39 two years ago. For Sale homes have been on the market for an average of 56 days with a median price of $933,500 and an average of $1,124,607. The MLS shows there are currently 35 Single Family homes in escrow. Analysis: Still a seller’s market — the demand for area homes remains strong. 28 sold last month and another 24 this month so there is less than 2 month supply of homes at the current absorption rate.