Beverlywood Area Real Estate Market Update

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Beverlywood Area of West LA Market Update
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A total of 20 homes changed owners in the Beverlywood and Adjacent area during the entire month of August 2014 compared to 24 last month and 12 in August 2013. The single family homes that sold took an average of 55 days, compared to an average of 63 days the month prior, and sold for 99.46% of their asking price at an average of $613.75 per sq. ft. Currently, there are 33 Single Family homes for sale, compared to 46 last month, and 34 this time last year and 65 two years ago. For Sale homes have been on the market for an average of 70 days with a median price of $989,000 and an average of $1,239,330. The MLS shows there are currently 35 Single Family homes in escrow. Analysis: Inventory dropped 22% in one month, from 46 to 33 . There are now more homes in escrow (35), than for sale (33).

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